375 Dempsey Rd

Milpitas, CA 95035

$1,700,000
Price
31,957 / 0.73
Lot Size / Acres
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Description

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...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.
  1. Listed by Christina Khosrowabadi • DRE #01820250 • Brokerage DRE #02101181 • Christie's International Real Estate Sereno • 408-318-4863

Property Details for 375 Dempsey Road

MLS City Name
MILPITAS
Building Type
Lots and Land
LISTING UPDATED: 03/20/2026 03:07 PM

Property Details for 375 Dempsey Road

StatusActive
MLS #ML82039657
Days on Compass12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLOTS AND LAND / Lots and Land
Year Built-
Lot Size0.73 AC
CountySanta Clara County
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Location

Listing Courtesy of Christie's International Real Estate Sereno, Christina Khosrowabadi, DRE #01820250
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Building Information for 375 Dempsey Road

Lot Size0.73 AC

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$9,029 per month

30 year fixed, 6.11% Interest

Principal and Interest

$8,250

Property Taxes

$779

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 375 Dempsey Road

Features
Features
  • Fireplace: No
  • Pool: No
Utilities
  • Sewer Septic: Sewer Available
  • Utilities: Electricity - Available at Street
  • Water: Water Available at Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Milpitas
  • Subclass: Residential Development Land
  • Street Number: 375
  • Street Name: Dempsey
  • Street Suffix: Road
  • Area ID: 6
Lot / Property Details
Development Information
  • Zoning Detail: CO
Location Information
  • Parcel Access: City Street
  • Parcel Number: 088-01-002
  • County Name: Santa Clara
  • City Name: MILPITAS
  • City Postal ID: 35
  • Postal Code: 95035
  • Elementary School District: 479
  • High School District Text: Milpitas Unified
Lot Information
  • Development Status: Other
  • Fencing: Chain Link
  • Horse Property: No
  • Lot Description: None
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
  • Present Use: Vacant

Property History for 375 Dempsey Road

DateEvent & SourcePriceAppreciation
Mar 20, 2026

Listed (Active)

MLSListings #ML82039657

$1,700,000—
Mar 20, 2026

Listed (Active)

EBRD #ML82039657

$1,700,000—
Nov 11, 2022

Expired

RESFAR #81879892

—
Feb 28, 2022

Price Change

RESFAR #81879892

$1,999,000—
Jan 27, 2021

Sold (Public Record)

Public Record #689082037

$725,000—
Jan 27, 2021

Sold (Public Record)

Public Record #1449294258

$725,000

+5.7% / yr

Jul 31, 2018

Sold (Public Record)

Public Record #627821619

$632,000

-1.3% / yr

Sep 22, 2000

Sold (Public Record)

Public Record #29449589

$795,000

+35.6% / yr

Apr 4, 1995

Sold (Public Record)

Public Record #27269668

$150,000—
DateEvent & SourcePrice
03/20/2026

Listed (Active)

MLSListings #ML82039657

$1,700,000
03/20/2026

Listed (Active)

EBRD #ML82039657

$1,700,000
11/11/2022

Expired

RESFAR #81879892

—
02/28/2022

Price Change

RESFAR #81879892

$1,999,000
01/27/2021

Sold (Public Record)

Public Record #689082037

$725,000
01/27/2021

Sold (Public Record)

Public Record #1449294258

$725,000

+5.7% / yr

07/31/2018

Sold (Public Record)

Public Record #627821619

$632,000

-1.3% / yr

09/22/2000

Sold (Public Record)

Public Record #29449589

$795,000

+35.6% / yr

04/04/1995

Sold (Public Record)

Public Record #27269668

$150,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 375 Dempsey Road

Taxable ValueLand$784,762Additions-Total$784,762
Tax Record2025$9,344 ($779 / month)
Home Facts
Beds0Lot Size25,027 SqFtStyleMiscellaneous Vacant LandZoningCOCountySANTA CLARAAPN088-01-002

Schools near 375 Dempsey Road

This home is within Milpitas Unified School District.
Rating
School
Type
Grades
Distance
Alexander Rose Elementary School
Public - K to 6
Robert Randall Elementary School
Public - K to 8
Rancho Milpitas Middle School
Public - 7 to 8
Milpitas High School
Public - 9 to 12
Rating
School
Distance
Alexander Rose Elementary School
PublicK to 6

Robert Randall Elementary School
PublicK to 8

Rancho Milpitas Middle School
Public7 to 8

Milpitas High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 375 Dempsey Road, Milpitas, CA 95035

375 Dempsey Road is a 0.73 ac of land for sale in Milpitas, CA 95035. This property was listed for sale on March 20, 2026 by Christie's International Real Estate Sereno, it's currently listed at $1,700,000. It has been on the market for a total of 12 days and was last sold on January 27, 2021. This listing's school district is Milpitas Unified School District. Nearby schools include Alexander Rose Elementary School, Robert Randall Elementary School and Rancho Milpitas Middle School. 375 Dempsey Road is a 0-bed, 0-bath, 0.73 ac of land on a 31,957 sq. ft. / 0.73 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Christie's International Real Estate Sereno, Christina Khosrowabadi, DRE #01820250

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.