Property profile

222 Railroad Ave Milpitas, CA 95035

FOR LEASE
Warehouses
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Property ID
US09-2899957
203,997 SF 10.62 ac Built 1985
Last sale Mar 2015·$32,792,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon
222 Railroad Ave, Milpitas, CA 95035 For Lease
$12,400/Mo 12,400 SF available
222 Railroad Ave, Milpitas, CA 95035
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$14.72M
Assessed land$9.86M
Assessed improvement$4.86M

Value estimate

· Nov 2026
$26.16M
$23.54M – $28.77M
NOI build-up
Gross scheduled income$320k
Vacancy & credit loss−$25k
Operating expenses−$103k
NOI$192k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$355/SF
County average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$185 – $708

Cap rate analysis

How does the asset earn?
$192k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
B. Neighborhood Commercial (C1) Zone. The Neighborhood Commercial ( C1 Zone) is intended to provide for general commercial needs of neigh...
General categoryCOMMERCIAL
JurisdictionSANTA CLARA

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop9.9
Laundry Service9.1
Garden Center9.0

Location

222 Railroad Ave Milpitas, CA 95035
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1511 Buckeye, Milpitas, CA 95035-7431 $40,850,000 Jan 2025 94,563 SF
790 Sycamore, Milpitas, CA 95035-7466 $40,850,000 Jan 2025 58,162 SF
1355 California, Milpitas, CA 95035-3021 $2,893,000 Nov 2024 90,068 SF
1501 Mccarthy, Milpitas, CA 95035-7420 $28,509,000 Nov 2023 139,508 SF
951 Sandisk, Milpitas, CA 95035-7933 $192,450,000 Sep 2023 172,103 SF
1101 Sandisk, Milpitas, CA 95035-7936 $192,450,000 Sep 2023 92,507 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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