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    Property profile & analytics

    556 Milpitas Blvd Milpitas, CA 95035-5454

    • Manufacturing properties
    • 71,475 SF
    • 4.00 lot acres
    OFF-MARKET
    Value Estimations
    $9,150,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0362325
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • nextglare.com / (Bike/Boat/Book/etc) Store / Corporate Office
    • Amber India Milpitas / Restaurant
    • Platinum Subzero Repair / Home Appliance Store
    • Noah / Corporate Office
    • Amber India / Restaurant

    Property Details for 556 Milpitas Blvd

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    4.00 lot acres
    Property size
    71,475 SF
    Zone code
    M2
    Property type
    Manufacturing properties
    APN
    086-38-003
    APU
    8638003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milpitas
    County
    Santa Clara
    State
    California
    Longitude
    -121.894
    Latitude
    37.4261
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $464,622
    $5,857,851
    $6,322,473
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $6,440,000
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      980 Ames Ave

      MANUFACTURING (LIGHT) • 10,573 SF
      980 Ames Ave, Milpitas, CA 95035-6303
      View Details
    • Value Estimation
      $810,000
      3,084 SF

      1125 Milpitas Blvd

      PROCESSING PLANT (CEMENT, GRAVEL) • 3,084 SF
      1125 Milpitas Blvd, Milpitas, CA 95035-3152
      View Details
    • Value Estimation
      $12,820,000
      100,190 SF

      865 Sinclair Frontage Rd

      MANUFACTURING (LIGHT) • 100,190 SF
      865 Sinclair Frontage Rd, Milpitas, CA 95035-6308
      View Details
    • Value Estimation
      $725,000
      20,232 SF

      960 Ames Ave

      CHEMICAL • 20,232 SF
      960 Ames Ave, Milpitas, CA 95035-6303
      View Details
    • Value Estimation
      $4,265,000
      24,784 SF

      901 Montague Expy

      MANUFACTURING (LIGHT) • 24,784 SF
      901 Montague Expy, Milpitas, CA 95035-6817
      View Details
    • Value Estimation
      $2,705,000
      21,056 SF

      945 Ames Ave

      MANUFACTURING (LIGHT) • 21,056 SF
      945 Ames Ave, Milpitas, CA 95035-6326
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,640 SF

      Milpitas Industrial Condominium For Sale

      Two-unit industrial condominium totaling 2,640 SF in Milpitas, CA.
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    • New
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      44,815 SF

      Milpitas Flex Space Available

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      Industrial Land Near Milpitas BART

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      1,700 SF

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      Rare Silicon Valley parcel with panoramic views and boundless possibilities.
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    Similar Nearby for Lease

    • Contact for pricing
      3,360 SF

      Manufacturing/Warehouse Space Available

      Office and manufacturing/warehouse space for lease.
      901-943 Hanson Ct, Milpitas, CA 95035
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    • Contact for pricing
      294,000 SF

      Industrial Building Near Transportation Hub

      294,000 SF industrial building with convenient access to transportation.
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    • Contact for pricing
      1,680 SF

      Milpitas Warehouse Space Available Now

      Warehouse space with office, grade level door, and sprinklers.
      1001-1047 Pecten Ct, Milpitas, CA 95035
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    • Contact for pricing
      2,401 SF

      Milpitas Flex Space Available Now

      Flex space with office and warehouse components available for rent.
      773-783 Ames Ave, Milpitas, CA 95035
      View Details
    • Contact for pricing
      4,755 SF

      Milpitas Flex/Industrial Space Available

      Flex/Industrial spaces for rent with excellent highway access.
      400-462 S Hillview Dr, Milpitas, CA 95035
      View Details
    • Contact for pricing
      10,781 SF

      Milpitas Flex/Industrial Space Available

      Flex/industrial spaces with high power, loading docks, and easy access.
      510-530 Alder Dr, Milpitas, CA 95035
      View Details
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    556 Milpitas Blvd
    Milpitas, CA 95035-5454
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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