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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Office buildings
40 Park Victoria Dr Milpitas, CA 95035-4600
Trust Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2473142
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
WOOD
Total area
7,114 SF
Lot
0.65 ac (28,314 SF)
Zoning code
COS
APN
029-13-014
UPID
US09-2473142
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
-
Great Care Dental 大愛牙醫 Dental Office
-
Dr. Marlene M. Mao, DDS Dental Office
-
Dr. Yoo J. Kim DDS Dental Office
-
AAA Dental Care Dental Office
-
Dr. Dhanish Patel Chiropractor, Milpitas Spine Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
Labarbera,marion Trust · 12 yrs held
Labarbera,marion Trust
since 2013
5 recorded transactions
Zoning & alternative use
COS · 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
$2.34M
Range $2.10M – $2.57M · ±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
$328 / 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
$20,052
Tax year 2024
Assessed value
$1,682,550
Assessed 2024
Previous assessed
$1,682,550
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,081,640
Assessed improvement
$600,910
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
1967
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
7
Total area
7,114 SF
Lot
0.65 ac (28,314 SF)
Zoning code
COS
APN
029-13-014
UPID
US09-2473142
Jurisdiction
SANTA CLARA
Zoning & alternative use
COS · Milpitas, CAZoning COS · permitted uses
COS · 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
1967
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
7
Lot
0.65 ac
Current owner
From public records · entity-resolved
Labarbera,marion Trust
Trust
Free & Clear · 12 yrs held
Mailing address
633 E 14TH ST #100, SAN LEANDRO, CA 94577-2819
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Aug 20, 2013
$1,400,000
Labarbera,marion Trust
Dagostino Family Ptshp LP
Grant Deed
—
Jul 30, 2013
—
Dagostino Family Ptshp LP
Dagostino,sebastian & Meldorese J
Quit Claim Deed
related
—
Jan 14, 2013
—
Sebastian Dagostino
Dagostino 1991 Trust
Quit Claim Deed
—
Dec 30, 1988
$1,100,000
Sebast Dagostino
Mccarthy,w.&c./h
Grant Deed
$770,000 · Bay View Federal Bank
—
—
Clair
—
Deed Of Trust
related
$40,000 · Individual
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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