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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Industrial properties
370 Fairview Way Milpitas, CA 95035-3062
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1886950
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2007
Total area
1,526 SF
Lot
0.2 ac (8,539 SF)
Zoning code
PD
APN
022-57-032
UPID
US09-1886950
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
-
SingularityAIX Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$390k
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$620k
Owner & transaction history
Jean Michel Thiers · 4 yrs held
Jean Michel Thiers
since 2022
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
PD · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+113.2%
Office building
$905,000
+93.0%
Warehouse, storage
$540,000
+15.6%
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
$610,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$425,000
6.5%
$390,000
7%
$365,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$470,000
Current use
RETAIL STORES
$1,000,000
Change: +113% · Conversion: Moderate
OFFICE BUILDING
$905,000
Change: +93% · Conversion: Difficult
WAREHOUSE, STORAGE
$540,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $650k (Apr 8 2022)
Last sale anchor
$650k
Apr 8 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
$406 / 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
$8,107
Tax year 2024
Assessed value
$676,260
Assessed 2024
Previous assessed
$676,260
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$442,170
Assessed improvement
$234,090
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2007
Heating
NONE
Stories
2
Units
1
Total area
1,526 SF
Lot
0.2 ac (8,539 SF)
Zoning code
PD
APN
022-57-032
UPID
US09-1886950
Jurisdiction
SANTA CLARA
Zoning & alternative use
PD · Milpitas, CA
Zoning PD · permitted uses
PD · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$470,000
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$905,000
WAREHOUSE, STORAGE
Est. value
$540,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
2
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Jean Michel Thiers
Individual
Free & Clear · 4 yrs held
Mailing address
1130 MANZANO WAY, SUNNYVALE, CA 94089-2322
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
$650,000
Jean Michel Thiers
Dhanalakshmi Gowthaman
Grant Deed
—
Jan 29, 2020
—
Dhanalakshmi Gowthaman
—
Deed
related
$380,000 · Bank Of The West
Dec 13, 2017
$465,000
Dhanalakshmi Gowthaman
Tse,tommy
Grant Deed
$40,000 · Lillian Wong
Dec 13, 2017
—
Dhanalakshmi Gowthaman
Subbarayalu,gowthaman
Quit Claim Deed
—
Aug 15, 2013
$350,000
Tommy Tse
Chiu,philander
Grant Deed
$314,000 · East-west Investment INC
Jun 29, 2007
—
Philander Chiu
Lb/vcc Milpitas LLC
Grant Deed
—
—
—
Dhanalakshmi Gowthaman
—
Deed Of Trust
related
$380,000 · Bank Of The West
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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