375 Dempsey Rd Milpitas, CA 95035
About This Lot
Rare development opportunity in the heart of Silicon Valley. This strategically located parcel in Milpitas is zoned NCMU-3 (Neighborhood Commercial Mixed-Use), offering exceptional flexibility for a variety of potential uses (buyer to verify with the City of Milpitas). Possible development options include residential projects such as townhomes, condominiums, or multi-family housing, as well as commercial retail, office, or mixed-use configurations with ground-floor commercial and residential units above. Ideally situated near major transportation corridors including I-880, I-680, and Highway 237, and with convenient access to BART and VTA transit, the property benefits from strong regional connectivity. The surrounding area is supported by a robust local economy, proximity to major Silicon Valley employers, and continued growth and investment. With strong housing demand and long-term appreciation potential, this property presents a compelling opportunity for developers, investors, and builders seeking a well-located site in a high demand market.
Listing Agent
Christie's International Real Estate Sereno License #01820250 Listed on: 03/20/2026
Property Details
Property Type
- Land
Additional Features
- Chain Link Fence
- Electricity Available at Street
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,533 | $784,762 | $784,762 | -- |
| 2024 | $11,533 | $769,375 | $769,375 | -- |
| 2023 | $9,556 | $754,290 | $754,290 | $0 |
| 2022 | $9,503 | $739,500 | $739,500 | $0 |
| 2021 | $10,073 | $618,340 | $618,340 | $0 |
| 2020 | $8,067 | $612,000 | $612,000 | $0 |
| 2019 | $7,379 | $1,317,033 | $1,317,033 | $0 |
| 2018 | $18,988 | $1,291,209 | $1,291,209 | $0 |
| 2017 | $15,353 | $1,265,892 | $1,265,892 | $0 |
| 2016 | $16,723 | $1,241,071 | $1,241,071 | $0 |
| 2015 | $14,067 | $1,222,429 | $1,222,429 | $0 |
| 2014 | $15,517 | $1,198,484 | $1,198,484 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/20/2026 03/20/26 | For Sale | $1,700,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $725,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $632,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Ins | |
| Grant Deed | $795,000 | Fidelity National Title Ins | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Individual Deed | $150,000 | North American Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $725,000 | Commercial | |
| Previous Owner | $516,750 | No Value Available |
Source: MLSListings
MLS Number: ML82039657
APN: 088-01-002
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