For sale

$1,528,000

Est. $10,381/mo —

Land

•

0.73

acre (lot)

Dempsey, Milpitas, CA 95035

About this home

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. ( confirm with city)

Vacant landProperty Type

0.73 acresLot Size

$2,093,151Price/Acres

Listed by Hamid Abtahi •DRE #01071456 • Elite Realty Services

Listing updated: Aug 14, 2026 at 12:41pm

Redfin checked: 2 minutes ago

•Source:MLSListings #ML82053506

Payment calculator

$10,381 per month

Principal and interest$8,547

Property taxes

$1,592

HOA dues

Home insurance

$242

Utilities

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Nearby open houses (10)

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Around this home

Schools

K - 12
Preschool & daycare

We couldn't find any schools that service this home or are within 5 miles of this home.

Provided by GreatSchools

About Southeastern

Milpitas

Southeastern Milpitas, located between Interstate 880 and the foothills of the Diablo Range, is a residential and commercial Milpitas neighborhood with hillside views and a strong retail corridor. The scene concentrates around the Great Mall Parkway and Montague Expressway junction, where big-box storefronts, dessert counters, and late-night eateries keep the sidewalks active. Nearby, the Great Mall anchors local routines with indoor promenades and a steady calendar of pop-ups. Ed R. Levin County Park frames the edge of the area with trailheads and hang-gliding launch points above the valley. Housing reads as late-20th-century subdivisions and newer townhome clusters, with wide arterials and pocket parks shaping daily movement. The landscape shifts quickly from shopping plazas to open space, giving the neighborhood a distinctly Silicon Valley-meets-foothills feel.

Provided by Walk Score and Local Logic

Property details

Exterior

Exterior features
Fenced front yard
Property currently categorized for multiple potential uses including vacant/bare land, commercial, educational, family care, medical/dental, multi-family, office, personal family care, and planned unit development
Development status: contact listing agent for details

Home design
Located on Dempsey in Milpitas, CA

Utilities
Gas available at the street
Public water
Public sewer
Public utilities available

Sale and tax history for Dempsey

Sale History
Tax History

Public record

Beds

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Baths

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Stories

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Lot width

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Lot depth

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Lot size

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Year renovated

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Finished Sq. Ft.

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Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

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Style

Vacant Land

County

Santa Clara County

APN

08801002

Parking Spaces

—

Basement

—

Accessible

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HOA Dues

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Garage

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Features

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Last updated by owner on Sep 22, 2026.

Local insights from Redfin agents

Milpitas' fall market offers balanced opportunities. Median prices sit near $1.3M with homes averaging 18 days on market. While move-in-ready properties still spark quick bidding wars, you'll find breathing room to negotiate on homes needing updates....
14 hours ago • Milpitas
Johnny Singh
Redfin Premier agent
148 deals
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Milpitas market remains competitive but more selective. Buyers have more choices and negotiating opportunities, while sellers can still attract strong demand with the right price and presentation. Homes are moving quickly when priced correctly,...
2 weeks ago • Milpitas
Gagan Singh
Redfin Premier agent
656 deals
Was this helpful?
The Milpitas housing market remains competitive, supported by its top-rated schools, Silicon Valley location, and convenient access to I-680, I-880, and Highway 237. Well-maintained homes in desirable neighborhoods continue to attract strong buyer...
2 months ago • Milpitas
Fifi Li
Redfin Premier agent
124 deals
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Historical weather

Milpitas, CA • 95035

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for Dempsey

Public record

Local insights from Redfin agents

Historical weather

Redfin Estimate for Dempsey

Early Access listings

Nearby similar homes

New listings for sale in 95035

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