Retail Properties in Milpitas, California, offer a unique investment opportunity in the heart of Silicon Valley. With a diverse economic landscape and a strong presence of tech companies, Milpitas provides an ideal location for businesses to thrive. Retail Properties in Milpitas can represent a variety of investments, from shopping centers to restaurants, and office properties to hotels. The city's amenities, such as the Great Mall of the Bay Area and McCarthy Ranch Marketplace, make it an attractive location for businesses and residents alike. Additionally, Milpitas' proximity to major transportation hubs, including the Milpitas BART station and the San Jose International Airport, provides easy access to the surrounding area. The city's Mediterranean climate and mild temperatures also make it a pleasant place to live and work. With attractions like Ed R. Levin County Park and the Milpitas public library, there's no shortage of things to do in Milpitas.
Currently, there are 7 Retail Properties available for sale in Milpitas, offering a range of options for investors. The average price per square foot for Retail Properties in Milpitas is $486 USD, with an average size of 3,785 square feet. The largest Retail Property available for sale in Milpitas is 6,260 square feet. In addition to Retail Properties, Milpitas also offers a range of other property types, including Shopping Centers, which provide a hub for local businesses and services. Restaurants in Milpitas offer a variety of dining options, from casual eateries to fine dining establishments. Office Properties in Milpitas provide a professional environment for businesses, with many amenities and services available. Hotels in Milpitas offer a convenient place for travelers to stay, with many options available to suit different budgets and preferences. Overall, Milpitas offers a unique blend of business and leisure opportunities, making it an attractive location for investors and visitors alike.
What is the average cap rate for retail properties in Milpitas?
For investors seeking retail properties in Milpitas, understanding the average cap rate is crucial. According to current listings, the average cap rate for retail properties in Milpitas is 4.7%, which is a key metric to consider when evaluating investment opportunities, as explained in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Milpitas, California, location and foot traffic play a significant role in determining retail property values. Properties situated in high-traffic areas, such as the Great Mall of the Bay Area or McCarthy Ranch Marketplace, tend to have higher values due to their proximity to major transportation hubs and dense population centers, whereas those in less accessible areas may have lower values.
