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Property profile & analytics
OFF-MARKET Estimated value $6,360,000
Industrial properties

990 Ames Ave Milpitas, CA 95035-6303

22,000 SF 2 ac lot Built 1993
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US09-2293115
Property summary
AI-generated overview

This exceptional 22,000-square-foot industrial warehouse, situated on a two-acre lot in Milpitas, California, presents a compelling investment opportunity. Built in 1993, the property boasts a desirable M2 Heavy Industrial District zoning (buyer to independently verify), allowing for a wide range of uses. The warehouse features 4 ground-level loading doors in the main building and an additional 2 in a separate rear building, ensuring efficient loading and unloading. Inside, discover approximately 4,000 square feet of office space, complete with reception, bullpen, multiple private offices, and a breakroom. A significant bonus is the 4,000-square-foot unfinished second-story mezzanine area, offering substantial potential for expansion or additional storage. The property also includes ample rear yard space ideal for staging and maneuvering. The high ceilings, ranging from 18 to 22 feet (buyer to independently verify), provide ample vertical space. The electrical service is 1200 amps, 277/480 volts (buyer to independently verify). Its strategic location in Santa Clara County offers easy access to major freeways, including I-680 and I-880, and San Jose International Airport, making it an ideal location for manufacturing or distribution. The property's APN is 086-31-050. The asking price is $7,700,000. Buyers are advised to independently verify all information.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1993
Construction TILT-UP CONCRETE
Total area 22,000 SF
Lot 2 ac (87,120 SF)
Zoning code M2
APN 086-31-050
UPID US09-2293115
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
  • BMI 690 Plaster Renovation Specialist General Contractor
  • Sr22 Insurance Marketing & Advertising
  • Sika Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.65M
Comparable Approach Comparable
$4.38M
Blend (final) Blend
$6.36M
Owner & transaction history
Alc Investments LLC · 1 yrs held
Alc Investments LLC
since 2024
Last sale
$7.7M
7 recorded transactions
2024
$7.7M
2006
Price N/A
2004
Price N/A
1994
Price N/A
1994
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M2 · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $9.2M +35.9%
Warehouse, storage $7.8M +15.6%
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