4161 Serra Way, Milpitas, California 95035, Milpitas, 95035 - bed, bath

4161 Serra Way, Milpitas, California 95035 home-pic-0
ACTIVE$11,988,000
4161 Serra Way, Milpitas, California 95035
0Bed
0Bath
18,164Sqft
86,248.797Lot
Year Built
1999
Close
-
List price
$11.99M
Original List price
$11.99M
Price/Sqft
$660
HOA
-
Days on market
-
Sold On
-
MLS number
ML82026626
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros.

Exceptional Investment Opportunity: 41-61 Serra Way, Milpitas, CA Presenting a prime multi-tenant commercial investment opportunity in the core of Silicon Valley. 3 parcels totaling 1.98 acres across 2 adjacent properties in the high-visibility corner of Serra Way. The two-story building at 61 Serra Way features 1st floor retail and 2nd floor professional office suites with elevator access and fire-sprinklers. 41 Serra Way further anchors the asset within a thriving retail plaza, offering diverse tenancy and strong customer traffic. At the gateway to Silicon Valley, just minutes from I-880, I-680, and Hwy 237. Exceptional connectivity, dense daytime employment, and steady consumer activity generated by nearby tech campuses and the Great Mall of the Bay Area. Stabilized, income-producing asset (~95% occupancy) with value-add potential through lease optimization or repositioning. Highlights: Combined ±86,074 SF of mixed-use commercial office space ±1.98 acres across 3 parcels 34 Tesla charging stations on-site Strong visibility frontage and parking Demand drivers: Silicon Valley employment base, innovation economy, and retail services growth Rare opportunity to acquire a stabilized, income-producing commercial asset in one of the Bay Areas most resilient investment markets.

Price History

Date
Event
Price
11/03/25
Listing
$11,988,000
Condition Rating
Fair

This is a commercial mixed-use property built in 1999, making it 25 years old. While the exterior appears well-maintained and the property is described as a 'stabilized, income-producing asset' with high occupancy, its age suggests that major systems and interior finishes (not visible in the provided images) are likely original or have undergone only minor updates. The listing's own analysis notes 'value-add potential' and the possibility of 'future capital investments for system upgrades, renovations, or modernization,' indicating that while functional, some components may be outdated or nearing the end of their optimal lifespan. This aligns with the 'Fair' condition criteria for a property of this age, which is aged but maintained through regular upkeep, with functional major components that may show signs of being outdated. The absence of interior images prevents assessment of specific kitchen and bathroom conditions, but the overall context points to a functional but aging property that would benefit from updates.
Pros & Cons

Pros

Strategic Silicon Valley Location: Situated in the core of Silicon Valley with exceptional connectivity to major freeways (I-880, I-680, Hwy 237), dense employment, and proximity to tech campuses and the Great Mall, driving strong demand.
Stabilized Income & High Occupancy: An income-producing asset with approximately 95% occupancy, providing immediate and reliable cash flow for investors.
Mixed-Use & Diverse Tenancy: Comprising both retail and professional office suites across two adjacent properties, offering diversified revenue streams and market resilience.
Significant Scale & Modern Amenities: Features a combined ±86,074 SF of commercial space across 1.98 acres, including 34 on-site Tesla charging stations, enhancing tenant attraction and convenience.
Clear Value-Add Potential: Explicitly identified opportunities for lease optimization or repositioning, allowing for future growth in income and asset value.

Cons

Potential for Future Capital Expenditures: Built in 1999, the property may require future capital investments for system upgrades, renovations, or modernization to maintain its competitive edge and appeal.
Unquantified Value-Add Investment: While value-add potential is highlighted, the specific costs and scope of 'lease optimization or repositioning' are not detailed, representing an unknown financial commitment for a prospective buyer.
Market Concentration Risk: Despite its resilience, the property's performance is closely tied to the economic cycles of the Silicon Valley tech sector, posing a concentration risk in the event of a significant regional downturn.

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