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Property profile & analytics
OFF-MARKET Estimated value $4,310,000
Warehouses

975 Montague Expy Milpitas, CA 95035-6818

15,911 SF 4.5 ac lot Built 2018
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-2708354
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2018
Total area 15,911 SF
Lot 4.5 ac (196,127 SF)
Zoning code M2
APN 086-32-080
UPID US09-2708354
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
by Request
CAP Approach CAP
$4.96M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.31M
Owner & transaction history
Santa Clara Vly Water District · 7 yrs held
Santa Clara Vly Water District
since 2018
4 recorded transactions
2018
Price N/A
2017
Price N/A
2005
$1.9M
2001
Price N/A
Zoning & alternative use
M2 · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B. Heavy Industrial (M2) Zone. The Heavy Industrial (M2) Zone is reserved for the construction, use, and occupancy of buildings and facilities for office, research, general manufacturing, warehousing and distribution, and other uses compatible with the Zone. C. Industrial Park (MP) Zone. The Industrial Park (MP) Zone is intended to accommodate, in a park- li…

Zone name Heavy Industrial
General category INDUSTRIAL
Zone area 576.11 ac
Source Updated Zoning Ordinance Final
Top alternative use upside
Apartment house (5+ units) $6.7M +17.6%
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