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Property profile & analytics
OFF-MARKET
Estimated value
$2,675,000
Office buildings
529 Main St, Milpitas, CA 95035-5320
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0516260
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
WOOD
Total area
6,005 SF
Lot
0.57 ac (24,665 SF)
Zoning code
CS
APN
083-13-008
UPID
US09-0516260
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
-
Apolinar Tiongson Physician Medical Clinic
-
Pav Bhaji and More Milpitas Restaurant
-
Greater Love Church-God In Christ Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.47M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$2.68M
Owner & transaction history
Sgayona Management LLC · 3 yrs held
Sgayona Management LLC
since 2022
7 recorded transactions
Zoning & alternative use
CS · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.9M
+10.5%
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%
$3,755,000
6.5%
$3,465,000
7%
$3,220,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,565,000
Current use
RETAIL STORES
$3,935,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$2.68M
Range $2.41M – $2.94M · ±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
$445 / 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
$28,284
Tax year 2024
Assessed value
$2,403,643
Assessed 2024
Previous assessed
$2,403,643
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,073,145
Assessed improvement
$330,498
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
1962
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
6,005 SF
Lot
0.57 ac (24,665 SF)
Zoning code
CS
APN
083-13-008
UPID
US09-0516260
Jurisdiction
SANTA CLARA
Zoning & alternative use
CS · Milpitas, CA
Zoning CS · permitted uses
CS · 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
OFFICE BUILDING Current
Est. value
$3.6M
RETAIL STORES
Est. value
$3.9M
OFFICE BUILDING Current
RETAIL STORES
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
1962
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Sgayona Management LLC
Entity
Free & Clear · 3 yrs held
Mailing address
485 S MAIN ST, MILPITAS, CA 95035-5318
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2022
—
Sgayona Management LLC
Vandana Management Group INC
Correction Deed
related
—
Apr 23, 2021
—
Shayona Management LLC
Vandana Management Group INC
Grant Deed
$6,200,000 · State Bank Of Texas
Apr 18, 2019
—
Shayona Management LLC
Vandana Management Group INC
Quit Claim Deed
—
Mar 26, 2014
$2,000,000
Vandana Management Group INC
Biala,fe T & Charito M
Grant Deed
$1,190,000 · Bank Of Guam
Jul 12, 2006
$2,475,000
Fe T Biala
Djp Enterprises LLC
Grant Deed
$1,608,000 · Valley Community Bank
Sep 16, 2004
—
Djp Ents LLC
Peoples,donald R & Janice L
Grant Deed
$1,123,576 · Citibank West Fsb
Oct 23, 2000
$1,255,000
Donald R Peoples
Meriwest Cu
Grant Deed
$627,500 · California Federal Bank
—
—
Donald R Peoples
—
Deed Of Trust
related
$517,000 · Bay Area Emp Development
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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