464 Vista WayMilpitas, CA 95035

Property Details for 464 Vista Way

Year built

1985

Construction

TILT-UP CONCRETE

Lot size

1.80 AC

Property size (Sq ft)

29,630 SF

Zone code

M2

Property type

Industrial properties

APN

086-29-068

APU

8629068

Description

This single-story warehouse, located at 464 Vista Way in Milpitas, California, offers 29,630 square feet of functional space. Built in 1985, the property sits on a 1.8-acre lot, providing ample room for maneuvering and potential expansion. The warehouse features a sprinkler system, enhancing safety and security. Its strategic location offers excellent highway access via Highways 237, 680, and 880, ensuring efficient transportation and logistics. The property's address is 464 Vista Way, Milpitas, CA 95035, situated in Santa Clara County. This industrial property is ideal for businesses requiring significant storage and distribution capabilities, benefiting from its size, location, and convenient access to major transportation arteries. The cross street is Wrigley Way, providing additional access points. The property's classification is industrial, specifically a warehouse subtype. This presents a compelling opportunity for businesses seeking a well-established and strategically located warehouse in the thriving Milpitas market. The property is currently available for sale.

• CAP approach

  CAP return

  Valuation

  6%

  $20,097,100

  6.5%

  $18,551,100

  7%

  $17,226,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,222,600

  Geo Method

  $13,222,600

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $9,422,240

  Mixed-Use / Specialty

  $9,317,190

  Hospitality / Lodging

  $6,742,690

  Office

  $9,187,410

  Institutional / Educational

  $9,660,590

  Residential Income

  $11,302,900

  Multifamily

  $13,952,200

  Automotive / Energy

  $8,280,500

  Parking / Income-Based Land

  $2,928,100

  Restaurant / Food Service

  $4,693,440

  Healthcare / Senior Housing

  $9,627,890

Location Insight

City

Milpitas

County

Santa Clara

State

California

Latitude

37.4276

Longitude

-121.889

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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