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Property profile & analytics
OFF-MARKET
Estimated value
$13,705,000
Industrial properties
575 Cottonwood Dr Milpitas, CA 95035-7402
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0155878
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Construction
TILT-UP CONCRETE
Total area
48,384 SF
Lot
3.26 ac (142,005 SF)
Zoning code
MPS
APN
083-31-029
UPID
US09-0155878
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
-
Zollner Electronics, Inc. Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.71M
Owner & transaction history
Zollner Electronics INC · 1 yrs held
Zollner Electronics INC
since 2025
Last sale
$14.3M
7 recorded transactions
Zoning & alternative use
MPS · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$20.2M
+35.9%
Warehouse, storage
$17.2M
+15.6%
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%
$13,460,000
6.5%
$12,425,000
7%
$11,535,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,880,000
Current use
APARTMENT HOUSE (5+ UNITS)
$20,225,000
Change: +36% · Conversion: Difficult
WAREHOUSE, STORAGE
$17,200,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$13.71M
Range $12.33M – $15.08M · ±10% · vs last sale $14.33M (Feb 1 2025)
Last sale anchor
$14.33M
Feb 1 2025
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
$283 / 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
$169,419
Tax year 2024
Assessed value
$14,520,933
Assessed 2024
Previous assessed
$14,520,933
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$6,884,178
Assessed improvement
$7,636,755
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
48,384 SF
Lot
3.26 ac (142,005 SF)
Zoning code
MPS
APN
083-31-029
UPID
US09-0155878
Jurisdiction
SANTA CLARA
Zoning & alternative use
MPS · Milpitas, CA
Zoning MPS · permitted uses
MPS · 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
INDUSTRIAL (GENERAL) Current
Est. value
$14.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.2M
WAREHOUSE, STORAGE
Est. value
$17.2M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
3.26 ac
Current owner
From public records · entity-resolved
Zollner Electronics INC
Entity
Free & Clear · 1 yrs held
Mailing address
3715 HVN AVE STE #210, MENLO PARK, CA 94025-1048
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
$14,330,000
Zollner Electronics INC
Deerfield Cottonwood LLC
Grant Deed
—
Mar 22, 2021
—
Deerfield Cottonwood LLC
Deerfield 2000 LLC
Grant Deed
—
Aug 7, 2020
$3,572,000
Deerfield 2000 LLC
Deerfield 2000 LLC
Grant Deed
—
Aug 1, 2018
—
Deerfield Tasman LLC
—
Deed
related
$6,300,000 · Wells Fargo Bank NA
Aug 16, 2011
$4,977,000
Zollner Electronics INC
Oak Creek Tc Investors LLC
Grant Deed
—
Feb 3, 2010
$12,938,000
Oak Creek Tc Investors LLC
Oa Oakcreek LLC
Grant Deed
—
Apr 27, 2007
—
Oa Oakcreek LLC
Crp Oak Creek V LLC
Trustees Deed
$18,400,000 · Aew Partners V LP
Dec 8, 2006
—
Crp Oak Creek V LLC
Nd Properties INC
Grant Deed
—
Dec 31, 2001
—
Nd Properties INC
Teachers Insurance & Annuity
Grant Deed
related
—
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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