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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Strip malls
342 Calaveras Blvd Milpitas, CA 95035-5131
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1919052
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
13,900 SF
Lot
1.34 ac (58,370 SF)
Zoning code
MI
APN
083-05-004
UPID
US09-1919052
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Labcorp Diagnostic Center Drug Testing Service
-
FedEx OnSite Postal Service Courier Service
-
LibertyX Bitcoin ATM Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
200 Serra Way LLC · 18 yrs held
200 Serra Way LLC
since 2008
7 recorded transactions
Zoning & alternative use
MI · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±10%
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
$130 / 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
$90,443
Tax year 2024
Assessed value
$7,800,000
Assessed 2024
Previous assessed
$7,800,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,875,000
Assessed improvement
$3,925,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Units
1
Total area
13,900 SF
Lot
1.34 ac (58,370 SF)
Zoning code
MI
APN
083-05-004
UPID
US09-1919052
Jurisdiction
SANTA CLARA
Zoning & alternative use
MI · Milpitas, CAZoning MI · permitted uses
MI · Milpitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Stories
1
Units
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
200 Serra Way LLC
Entity
Mailing address
200 SERRA WAY STE #20, MILPITAS, CA 95035-5245
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
—
200 Serra Way LLC
—
Deed
related
$12,100,000 · Cathay Bank A Californi
Jul 17, 2019
—
200 Serra Way LLC
—
Deed
related
$17,000,000 · Cathay Bank
Jan 7, 2008
—
200 Serra Way LLC
George Edwin Donovan
Grant Deed
$26,500,000 · East West Bank
Aug 31, 2007
—
Donovan,george E
Biakanja,susan R
Quit Claim Deed
related
—
May 31, 2007
—
Corrigan,marian D
Corrigan,marian D
Quit Claim Deed
related
—
May 8, 2007
—
Szarnicki,mary D
Donovan 1997 Trust
Grant Deed
related
—
Apr 16, 2007
—
Szarnicki,mary D Trust
Szarnicki,mary D
Quit Claim Deed
related
—
Apr 11, 2007
—
Corrigan,marian D
Corrigan,marian D
Quit Claim Deed
related
—
Nov 27, 2006
—
Szarnicki,mary D
Abel,h Gertrude
Quit Claim Deed
related
—
Aug 22, 2006
—
Jelley,patricia D Etal
Jelley,patricia D
Quit Claim Deed
related
—
Aug 25, 1997
—
George E Donovan
Donovan,susan B
Quit Claim Deed
related
$1,750,000 · Silicon Valley Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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