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Lot/land
  • $1,599,000

    375 Dempsey Rd, Milpitas, CA 95035

    --beds
    --baths
    0.73Acres
    Residential Development Land, Unimproved Land
    Built in ----
    0.73 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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, apartments, 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.
    17 hours
    |
    27
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Christina Khosrowabadi 01820250 408-318-4863,

    Christie's International Real Estate Sereno 408-335-1400

    Source: MLSListings Inc,MLS#: ML82039657MLS Logo

      Facts & features

      Property

      Features
      • Fencing: Chain Link
      Lot
      • Size: 0.73 Acres
      • Features: None
      Details
      • Additional structures: None
      • Parcel number: 08801002
      • Zoning: CO
      • Special conditions: Standard

      Community & HOA

      Location
      • Region: Milpitas

      Financial & listing details

      • Tax assessed value: $784,762
      • Annual tax amount: $9,344
      • Date on market: 3/20/2026
      • Listing agreement: ExclusiveRightToSell

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,260/mo

        Price history

        DateEventPrice
        5/14/2026Listed for sale$1,599,000-5.9%
        Source: MLSListings Inc #ML82039657 Report a problem
        4/3/2026Listing removed$1,700,000
        Source: MLSListings Inc #ML82039657 Report a problem
        3/20/2026Listed for sale$1,700,000+134.5%
        Source: MLSListings Inc #ML82039657 Report a problem
        2/2/2021Sold$725,000+14.7%
        Source: Public Record Report a problem
        8/8/2018Sold$632,000-20.5%
        Source: Public Record Report a problem
        9/22/2000Sold$795,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,344 -19%$784,762 +2%
        2024$11,533 +20.7%$769,375 +2%
        2023$9,556 +0.6%$754,290 +2%
        2022$9,503 -5.7%$739,500 +19.6%
        2021$10,073 +24.9%$618,340 +1%
        2020$8,067 $612,000 -53.5%
        2019$8,067 -57.5%$1,317,033 +2%
        2018$18,988 $1,291,209 +2%
        2017$18,988 +23.7%$1,265,892 +2%
        2016$15,353 +9.1%$1,241,071 +1.5%
        2015$14,067 -9.3%$1,222,429 +2%
        2014$15,517 $1,198,484 +2.5%
        2012-- $1,169,675 +2%
        2011-- $1,146,741 +0.8%
        2010-- $1,138,171 -0.2%
        2009-- $1,140,875 +2%
        2008-- $1,118,505

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 95035

        Getting around

        71 / 100
        Very Walkable
        31 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: MilpitasUnified

        Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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