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Property profile & analytics
OFF-MARKET
Estimated value
$9,100,000
Office buildings
612 Main St, Milpitas, CA 95035
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3288127
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
WOOD
Total area
29,520 SF
Lot
1.65 ac (71,874 SF)
Zoning code
CS
APN
086-25-027
UPID
US09-3288127
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.04M
Blend (final)
Blend
$9.10M
Owner & transaction history
Toll West Coast LLC · 2 yrs held
Toll West Coast LLC
since 2023
Last sale
$9.1M
7 recorded transactions
Zoning & alternative use
CS · 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
$9,160,000
ML approach
$8,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.10M
Range $8.19M – $10.01M · ±10% · vs last sale $9.10M (Aug 31 2023)
Last sale anchor
$9.10M
Aug 31 2023
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
$308 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$4,400,280
Assessed 2023
Previous assessed
$4,400,280
+0.0% YoY
Assessed land
$2,364,329
Assessed improvement
$2,035,951
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
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
29,520 SF
Lot
1.65 ac (71,874 SF)
Zoning code
CS
APN
086-25-027
UPID
US09-3288127
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.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Toll West Coast LLC
Entity
Mailing address
6800 KOLL CTR PKWY STE #320, PLEASANTON, CA 94566-7053
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$9,100,000
Toll West Coast LLC
Djp Enterprises LLC
Grant Deed
—
Feb 28, 2018
—
Djp Enterprises LLC
—
Deed
related
$1,900,000 · United American Bank
Aug 3, 2005
$3,350,000
Djp Ents LLC
Nshe Harleysville LLC
Quit Claim Deed
related
—
Jun 29, 2005
$3,200,000
Nshe Harleysville LLC
Daniel Jensen
Grant Deed
$2,512,500 · Stanford FCU
Apr 3, 2001
$77,500
Andy Kettle
Stancato,joe
Quit Claim Deed
related
$77,305 · Joe
Jul 9, 1999
$2,805,000
Daniel Jensen
Lalanne LLC
Grant Deed
$2,523,960 · Sierrawest Bank
Sep 8, 1997
$2,700,000
Lelanne LLC
Lelanne Trust
Grant Deed
related
—
Aug 8, 1997
—
Lalanne Trust
Lalanne,roger S & Gennine
Quit Claim Deed
related
—
—
—
Djp Ents LLC
—
Deed Of Trust
related
—
—
—
Daniel Jensen
—
Deed Of Trust
related
$750,000 · American Honda Finance Corp
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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