New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Industrial properties
615 Vis Way 4 Milpitas, CA 95035-5433
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-2597446
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1982
Construction
TILT-UP CONCRETE
Total area
16,062 SF
Lot
0.84 ac (36,474 SF)
Zoning code
M2S
APN
086-29-084
UPID
US10-2597446
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
-
Vista Meat Processing, LLC Take-out & Catering Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
Ehj16l LLC · 1 yrs held
Ehj16l LLC
since 2025
7 recorded transactions
Zoning & alternative use
M2S · 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
$140 / 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
$25,041
Tax year 2024
Assessed value
$2,103,184
Assessed 2024
Previous assessed
$2,103,184
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,622,460
Assessed improvement
$480,724
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
16,062 SF
Lot
0.84 ac (36,474 SF)
Zoning code
M2S
APN
086-29-084
UPID
US10-2597446
Jurisdiction
SANTA CLARA
Zoning & alternative use
M2S · Milpitas, CA
Zoning M2S · permitted uses
M2S · 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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Ehj16l LLC
Entity
Mailing address
615 VIS WAY #4, MILPITAS, CA 95035-5433
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
—
Ehj16l LLC
Ehj2 Property LLC
Grant Deed
$120,000,000 · Bsp Odf II Finance LLC
May 5, 2021
—
Ehj2 Property LLC
—
Deed
related
$2,640,000 · Comerica Bank
Sep 11, 2019
—
Ehj2 Property LLC
—
Deed
related
$630,000 · Bank Of The West
Sep 16, 2016
—
Ehj2 Property LLC
—
Deed
related
$1,946,000 · Bank Of The West
May 30, 2014
$1,750,000
Ehj2 Property LLC
HOA Trieu Hong
Grant Deed
$875,000 · East West Bank
Apr 15, 2010
$1,250,000
HOA T Hong
615 Vista Way Milpitas Invtrs
Grant Deed
$625,000 · Cathay Bank
Apr 15, 2010
—
HOA T Hong
Vu,hau T
Grant Deed
related
—
Feb 5, 2010
$800,000
615 Vista Way Milpitas Invstrs
Chicago Title Co
Trustees Deed
related
—
Oct 15, 2008
$1,300,000
Mariposa Tierra LLC
Edmond K Chu
Grant Deed
$1,300,000 · Dba Mortgage Co Of Santa Barbara
Jan 23, 2007
—
Mariposa Tierra LLC
Chu,edmond K
Grant Deed
related
—
Nov 3, 2006
$1,500,000
Edmond K Chu
Hong,hoa T
Grant Deed
$975,000 · Greenpoint Mortgage Funding
—
—
Ehj2 Property LLC
—
Deed Of Trust
related
$630,000 · Bank Of The West
—
—
Ehj2 Property LLC
—
Deed Of Trust
related
$1,946,000 · Bank Of The West
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 615 Vis Way, Unit 4?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
