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Property profile & analytics
OFF-MARKET
Estimated value
$17,560,000
Office buildings
500 Calaveras Blvd, Milpitas, CA 95035-7703
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2426990
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
TILT-UP CONCRETE
Total area
51,359 SF
Lot
2.09 ac (91,040 SF)
Zoning code
TC
APN
086-28-021
UPID
US10-2426990
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
-
SJP ENGINEERING &MASTER CONSTRUCTION Construction Company
-
Bui Construction, Inc Construction Company
-
Praising Hands, LLC Medical Clinic
-
GoodDolphin Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
Dats Milpitas Inc Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.56M
Owner & transaction history
Thanh Lan Dang · 2 yrs held
Thanh Lan Dang
since 2023
7 recorded transactions
Zoning & alternative use
TC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$342 / 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
$163,785
Tax year 2024
Assessed value
$14,122,964
Assessed 2024
Previous assessed
$14,122,964
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$4,879,231
Assessed improvement
$9,243,733
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
3
Total area
51,359 SF
Lot
2.09 ac (91,040 SF)
Zoning code
TC
APN
086-28-021
UPID
US10-2426990
Jurisdiction
SANTA CLARA
Zoning & alternative use
TC · Milpitas, CA
Zoning TC · permitted uses
TC · 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.
Building & site characteristics
From public records
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
2.09 ac
Current owner
From public records · entity-resolved
Thanh Lan Dang
Individual
Free & Clear · 2 yrs held
Mailing address
5841 PISTOIA WAY, SAN JOSE, CA 95138-2352
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2023
—
500 East Calaveras Investments LLC
—
Deed
related
$4,454,000 · East West Bank
Jun 30, 2023
—
Thanh Lan Dang
Thanh Lan Dang
Correction Deed
related
—
Jun 4, 2019
—
Thanh L Dang
500 E Calaveras Invs LLC
Quit Claim Deed
—
Oct 26, 2018
—
Dang,thanh L Living Trust
Dang,thanh L
Quit Claim Deed
related
—
Dec 31, 2009
—
500 East Calaveras Invs LLC
—
Deed Of Trust
related
$5,787,036 · United Commercial Bank
Jun 27, 2007
$9,000,000
500 East Calaveras Invs LLC
Mclellan Properties LLC
Grant Deed
$6,000,000 · United Commercial Bank
Aug 28, 1998
—
Mclellan Properties LLC
Mclellan Trust
Quit Claim Deed
related
$5,100,000 · Column Financial INC
May 5, 1995
—
Calaveras Bavarian LLC
Peregrine Trust
Grant Deed
$2,240,000 · Seller
Oct 31, 1994
—
Peregrine Real Estate Trust
—
Deed Of Trust
related
$10,000,000 · Foothill Capital
Sep 17, 1990
$5,000,000
Jeffrey T Berger
Romder Karnan Pr
Grant Deed
—
—
—
Calaveras Bavarian LLC
—
Deed Of Trust
related
$3,500,000 · Cupertino National Bank
—
—
Romder Karnan Pr
—
Deed Of Trust
related
$500,000 · 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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