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Property profile & analytics
OFF-MARKET
Estimated value
$4,445,000
Warehouses
420 Railroad Ct Milpitas, CA 95035-4339
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5639399
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
2.95 ac (128,648 SF)
Zoning code
M2S
APN
022-31-033
UPID
US09-5639399
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
-
CubeSmart Self Storage Storage Facility
-
Melissa Toocute Henderson Pen Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.45M
Owner & transaction history
Mhc 180 Milpitas Ca LLC · 4 yrs held
Mhc 180 Milpitas Ca LLC
since 2022
Last sale
$4.7M
5 recorded transactions
Zoning & alternative use
M2S · 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
$4,445,000
ML approach
$4,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.45M
Range $4.00M – $4.89M · ±10% · vs last sale $4.73M (Apr 8 2022)
Last sale anchor
$4.73M
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
—
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
$59,257
Tax year 2024
Assessed value
$4,915,890
Assessed 2024
Previous assessed
$4,915,890
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$4,015,944
Assessed improvement
$899,946
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Lot
2.95 ac (128,648 SF)
Zoning code
M2S
APN
022-31-033
UPID
US09-5639399
Jurisdiction
SANTA CLARA
Zoning & alternative use
M2S · Milpitas, CAZoning M2S · permitted uses
M2S · 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
Heating
NONE
Lot
2.95 ac
Current owner
From public records · entity-resolved
Mhc 180 Milpitas Ca LLC
Entity
Mailing address
5 OLD LANCASTER RD, MALVERN, PA 19355-2132
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
—
Mhc 180 Milpitas Ca LLC
—
Deed
related
$425,000,000 · Goldman Sachs Bank USA A New York State-
Apr 8, 2022
$4,725,000
Mhc 180 Milpitas Ca LLC
Dailey Walwark Milpitas LLC
Grant Deed
$150,000,000 · Goldman Sachs Bank USA
Apr 8, 2022
—
Mhc 180 Milpitas Ca LLC
Dailey Walwark Milpitas LLC
Intrafamily Transfer
related
—
Nov 14, 2017
$3,900,000
Dailey Walwark Milpitas LLC
Horner,brian
Grant Deed
$2,000,000 · Brian Horner
Aug 13, 2004
$835,000
Horner,brian E
Mefferd,miriam R T
Grant Deed
$835,000 · Us Bk
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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