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Property profile & analytics
OFF-MARKET
Estimated value
$5,315,000
Office buildings
193 Topaz St, Milpitas, CA 95035-5430
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0248809
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
TILT-UP CONCRETE
Total area
15,844 SF
Lot
1.46 ac (63,597 SF)
Zoning code
M2
APN
086-39-006
UPID
US09-0248809
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$5.32M
Owner & transaction history
Yong Ho Choi · 4 yrs held
Yong Ho Choi
since 2022
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
M2 · 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
$5,750,000
ML approach
$5,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.32M
Range $4.78M – $5.85M · ±10% · vs last sale $5.23M (Jan 25 2022)
Last sale anchor
$5.23M
Jan 25 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
$335 / 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
$65,154
Tax year 2024
Assessed value
$5,550,117
Assessed 2024
Previous assessed
$5,550,117
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,971,382
Assessed improvement
$2,578,735
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
15,844 SF
Lot
1.46 ac (63,597 SF)
Zoning code
M2
APN
086-39-006
UPID
US09-0248809
Jurisdiction
SANTA CLARA
Zoning & alternative use
M2 · Milpitas, CA
Zoning M2 · permitted uses
M2 · 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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Yong Ho Choi
Individual
Mailing address
5254 RIDGEVALE WAY, PLEASANTON, CA 94566-5425
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
—
Yong Ho Choi
Yong Ho Choi
Intrafamily Transfer
related
—
Jun 23, 2021
$5,230,000
Mount White LLC
Rci King INC
Grant Deed
$2,615,000 · Bank Of America NA
Jun 23, 2021
—
Mount White LLC
—
Deed
related
$1,855,000 · The Mortgage Capital Development Corp
May 2, 2019
$4,785,000
Rci-king INC
Clarksons California Prop
Grant Deed
—
Dec 30, 2016
—
Clarksons California Properties
—
Deed
related
$13,077,000 · Jpmorgan Chase Bank NA
Oct 7, 2005
—
Clarksons California Props
Clark,joseph P
Quit Claim Deed
$2,000,000 · Bank Of America
Apr 4, 2005
—
Joseph P Clark
Clark,darlene
Quit Claim Deed
related
—
Apr 4, 2005
$2,700,000
Joseph P Clark
Rosenbaum Trust
Grant Deed
—
Oct 7, 1999
—
Rosenbaum Trust
—
Grant Deed
related
$2,300,000 · Comerica Bank California
Apr 7, 1994
—
Rosenbaum Trust
Rosenbaum,amir &
Quit Claim Deed
related
—
Jan 31, 1994
—
Amir Rosenbaum
Rosenbaum,amir
Quit Claim Deed
related
—
Dec 28, 1993
$814,000
Amir Rosenbaum
Dimond Venture I
Grant Deed
$715,000 · Money Store California
Dec 22, 1989
$917,000
Venture I Dimond
Dimond,s.&c./bro
Grant Deed
related
$300,000 · Individual
—
—
Rosenbaum Trust
—
Deed Of Trust
related
$800,000 · Comerica Bank California
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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