41-61 Serra Way

Milpitas, CA 95035

$11,988,000
Price
—
Beds
—
Baths
18,164 Sq. Ft.
$660 / Sq. Ft.
18,164
Sq. Ft.
$660
per Sq. Ft.
a front view of a building with streets and trees
a view of a building with street
a car parked in front of a building
a front view of a building with retail shops and traffic signal
a view of a entryway door front of house
a view of a car garage with a chair
a couple of cars parked in front of a building
a front view of a house with a garden
a car parked on the side of the road
a view of a white house with a large tree
a view of a building with sitting area
a view of a white house with a yard
a view of a swimming pool with a patio
a view of a fountain in front of a building
a view of street with parked cars
a view of road with card parked on side and retail shops

Description

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...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.
  1. Listed by Guy Fong • DRE #01207835 • Brokerage DRE #01207835 • Citistar Properties • 415-467-1818

Property Details for 41-61 Serra Way

MLS City Name
MILPITAS
Building Type
OTHER
Garage Spaces
0
Parking Spaces
122
LISTING UPDATED: 11/12/2025 07:36 PM

Property Details for 41-61 Serra Way

StatusActive
MLS #ML82026626
Days on Compass48
Taxes$116,793 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeRESIDENTIAL INCOME / OTHER
Year Built1999
Lot Size1.98 AC / 86,248 SF
CountySanta Clara County

Location

Listing Courtesy of Citistar Properties, Guy Fong, DRE #01207835
Add your commute

Building Information for 41-61 Serra Way

Stories-Residences-Year Built1999Lot Size1.98 AC / 86,248 SF

Payment Calculator

$68,970 per month

30 year fixed, 6.28% Interest

Principal and Interest

$59,237

Property Taxes

$9,733

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 41-61 Serra Way

Features
Features
  • Fireplace: No
  • Living SqFt: 18164
  • Pool: No
  • Security Features: Fire Alarm, Security Alarm
  • Special Features: Bathroom Features, Elevator / Lift, Parking, Wheelchair Access
Utilities
  • Cooling: Central AC, Multi-Zone
  • Heating: Central Forced Air
  • Meters: Master Electric, Separate Common Area
  • Sewer Septic: Sewer Available
  • Utilities: Public Utilities
  • Water: Individual Water Meter, Water On Site
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Guest / Visitor Parking, Parking Area, Unassigned Spaces, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Milpitas
  • Roof: Wood Shakes / Shingles
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 41-61
  • Street Name: Serra
  • Street Suffix: Way
  • Area ID: 6
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 18164
  • Structure SqFt Source: Other
  • Age: 26
Development Information
  • Zoning Detail: C2
Location Information
  • Parcel Number: 022-24-041
  • 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
  • Foundation: Concrete Grid
  • Horse Property: No
  • Lot Acres: 1.98
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 9
General Information
  • Annual Tax Amount: $116,793
  • Capitalization Rate: 2.15
  • Tenant Expenses: Miscellaneous/Other, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 10
Income / Expense Details
  • Expense Insurance: $13,808
  • Expense Landscape: $11,576
  • Expense Maintenance: $36,344
  • Expense Management: $70,579
  • Expense Trash: $25,995
  • Expenses Other: $186,977
  • Expenses Utility: $53,416
  • Expenses Total: $515,488
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Capital Improvements, Maintenance - Repair, Miscellaneous/Other, Services - Sewer, Utilities
  • Gross Rent Multiplier: 13.96
  • Income Annual Gross: $773,050
  • Income Annual Rental: $610,092
  • Income Gross Scheduled: $858,944
  • Income Other: $248,852

Property History for 41-61 Serra Way

DateEvent & SourcePriceAppreciation
Nov 3, 2025

Listed (Active)

MLSListings #ML82026626

$11,988,000—
Nov 3, 2025

Listed (Active)

EBRD #ML82026626

$11,988,000—
DateEvent & SourcePrice
11/03/2025

Listed (Active)

MLSListings #ML82026626

$11,988,000
11/03/2025

Listed (Active)

EBRD #ML82026626

$11,988,000

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

Schools near 41-61 Serra Way

This home is within Milpitas Unified School District.
Rating
School
Type
Grades
Distance
Anthony Spangler Elementary School
Public - K to 6
Thomas Russell Middle School
Public - 7 to 8
Milpitas High School
Public - 9 to 12
Calaveras Hills School
Public - 9 to 12
Rating
School
Distance
Anthony Spangler Elementary School
PublicK to 6

Thomas Russell Middle School
Public7 to 8

Milpitas High School
Public9 to 12

Calaveras Hills 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 41-61 Serra Way, Milpitas, CA 95035

41-61 Serra Way is for sale in Milpitas, CA 95035. This property was listed for sale on November 3, 2025 by Citistar Properties, it's currently listed at $11,988,000. This listing's school district is Milpitas Unified School District. Nearby schools include Anthony Spangler Elementary School, Thomas Russell Middle School and Milpitas High School. 41-61 Serra Way is a 0-bed, 0-bath, 18,164 sqft built in 1999.

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 Citistar Properties, Guy Fong, DRE #01207835

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.