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Property profile & analytics
OFF-MARKET
Estimated value
$10,605,000
Industrial properties
1901 Mccarthy Blvd Milpitas, CA 95035-7427
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0516262
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Construction
TILT-UP CONCRETE
Total area
57,536 SF
Lot
3.5 ac (152,460 SF)
Zoning code
HS
APN
083-31-051
UPID
US09-0516262
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
InnoMedia Inc. Telecommunications Service Data Center
-
Swerdon Russell Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.55M
CAP Approach
CAP
$14.78M
Comparable Approach
Comparable
$7.12M
Blend (final)
Blend
$10.61M
Owner & transaction history
Mccarthy 1901 LLC · 4 yrs held
Mccarthy 1901 LLC
since 2022
Last sale
$11.1M
5 recorded transactions
Zoning & alternative use
HS · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milpitas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milpitas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$10,610,000
ML approach
$9,545,000
CAP Approach
CAP Return
Estimation
6%
$16,005,000
6.5%
$14,775,000
7%
$13,720,000
Blend value · Realmo final
$10.61M
Range $9.54M – $11.67M · ±10% · vs last sale $11.13M (Jan 27 2022)
Last sale anchor
$11.13M
Jan 27 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$184 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$164,231
Tax year 2024
Assessed value
$14,045,400
Assessed 2024
Previous assessed
$14,045,400
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$8,739,360
Assessed improvement
$5,306,040
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
57,536 SF
Lot
3.5 ac (152,460 SF)
Zoning code
HS
APN
083-31-051
UPID
US09-0516262
Jurisdiction
SANTA CLARA
Zoning & alternative use
HS · Milpitas, CA
Zoning HS · permitted uses
HS · Milpitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milpitas. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Mccarthy 1901 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
400 E CONCAR DR STE #200, SAN MATEO, CA 94402-2681
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2022
—
Mccarthy 1901 LLC
Shizao Zheng
Intrafamily Transfer
related
—
Jul 29, 2021
—
Shizao Zheng
Caichun Ye
Intrafamily Transfer
related
—
Jul 27, 2021
$11,130,000
Shizao Zheng
C L Realty INC
Grant Deed
—
Jan 29, 1992
$2,450,000
Cl Realty Corp
Aetna Life Insur
Grant Deed
—
Apr 23, 1991
—
Aetna Life Insur
Chicago Title Co
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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