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    Five Star Realty Inc

    250 Ward Ave Suite 230, Honolulu, HI 96814
    (808) 382-6871
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Sale
    • Residential Multi Family

    Listings

    For Sale (23)

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    Wahiawa Commercial Property For Sale
    $150,000

    Wahiawa Commercial Property For Sale

    Free-standing convenience store/restaurant with parking and high visibility.

    198 S Kamehameha Hwy, Wahiawa, HI 96786
    View details
    Haiku Multi-Family Home on Acreage
    $1,950,000
    2,920 SF

    Haiku Multi-Family Home on Acreage

    Two homes on 2.86 acres in Haiku, Hawaii.

    44 Kaupakalua Rd, Haiku, HI 96708
    View details
    Honolulu Multifamily Investment Opportunity
    $2,700,000
    0.49 Acres

    Honolulu Multifamily Investment Opportunity

    Income-producing property with eight detached homes on a large lot.

    1039 Wong Ln, Honolulu, HI 96817
    View details
    Honolulu Multifamily Investment Opportunity
    $2,480,000

    Honolulu Multifamily Investment Opportunity

    Turn-key 8-unit property near University of Hawai'i at Manoa.

    2908 Varsity Cir, Honolulu, HI 96826
    View details
    Turn-Key Vietnamese Restaurant For Sale
    $235,000

    Turn-Key Vietnamese Restaurant For Sale

    Established Honolulu restaurant with strong local and visitor following.

    1694 Kalakaua Ave, Honolulu, HI 96826
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    Honolulu Tea Shop For Sale
    $80,000

    Honolulu Tea Shop For Sale

    Charming tea shop near Convention Center, ideal for beverage business.

    1617 Kapiolani Blvd, Honolulu, HI 96814
    View details
    Turnkey Restaurant in Honolulu Chinatown
    $175,000
    1,048 SF

    Turnkey Restaurant in Honolulu Chinatown

    Authentic Vietnamese restaurant for sale in Honolulu's Chinatown.

    1145 Maunakea St, Honolulu, HI 96817
    View details
    Retail Store in Chinatown
    $30,000
    554 SF

    Retail Store in Chinatown

    Prime retail space in Honolulu's busy Chinatown district.

    1120 Maunakea St, Honolulu, HI 96817
    View details
    Honolulu Fourplex with Development Potential
    $1,250,000

    Honolulu Fourplex with Development Potential

    Two-story fourplex in Honolulu with development opportunities and income potential.

    710 Umi St, Honolulu, HI 96819
    View details
    Honolulu Multifamily Property with Views
    $1,260,000
    2,260 SF

    Honolulu Multifamily Property with Views

    Multifamily property in Honolulu with city, mountain, and ocean views.

    1565 Moani St, Honolulu, HI 96819
    View details
    Turn-Key Restaurant in Kapolei Village
    $235,000

    Turn-Key Restaurant in Kapolei Village

    Established Pho restaurant in Kapolei Village Center for sale.

    4850 Kapolei Pkwy, Kapolei, HI 96707
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    Wailuku Commercial Property with Bakery
    $3,750,000

    Wailuku Commercial Property with Bakery

    Metal frame building with land and solar panels in Wailuku.

    1005 Lower Main St, Wailuku, HI 96793
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    Wahiawa Multifamily Investment Opportunity
    $1,980,000

    Wahiawa Multifamily Investment Opportunity

    Eleven-unit apartment building in a desirable location with recent upgrades.

    142 Lakeview Cir, Wahiawa, HI 96786
    View details
    Honolulu Multifamily Investment Opportunity
    $4,850,000

    Honolulu Multifamily Investment Opportunity

    20-unit apartment buildings on a corner lot with value-add potential.

    705 Hoawa St, Honolulu, HI 96826
    View details
    Turnkey Salon in Honolulu
    $185,000

    Turnkey Salon in Honolulu

    Thriving salon in high-traffic Kaka'ako area with loyal customer base.

    400 Keawe St, Honolulu, HI 96813
    View details
    Renovated Multi-Family Home, Ocean Views
    $1,699,000

    Renovated Multi-Family Home, Ocean Views

    Move-in ready home with ADU, ideal for rental income.

    1758 Mikahala Way, Honolulu, HI 96816
    View details
    Indoor Golf Simulator Business
    $250,000

    Indoor Golf Simulator Business

    Turnkey indoor golf simulator business with premium technology in Honolulu.

    1500 S King St, Honolulu, HI 96826
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    Wailuku Commercial Building and Land
    Contact for pricing

    Wailuku Commercial Building and Land

    10,564 sq ft building on 2.848 acres of land.

    1005 Lower Main St, Wailuku, HI 96793
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    Wailuku Mixed-Use Property with Bakery
    Contact for pricing
    11,748 SF

    Wailuku Mixed-Use Property with Bakery

    Mixed-use property with retail, office, and industrial space.

    1005 Lower Main St, Wailuku, HI 96793
    View details
    Teapresso Bar Franchise Opportunity
    $50,000

    Teapresso Bar Franchise Opportunity

    Thriving Teapresso Bar franchise for sale in Honolulu.

    1450 Ala Moana Blvd, Honolulu, HI 96814
    View details
    Freestanding Storefront on Corner Lot
    $150,000

    Freestanding Storefront on Corner Lot

    Well-maintained store/restaurant with parking, high visibility, and traffic.

    198 S Kamehameha Hwy, Wahiawa, HI 96786
    View details
    Honolulu Chinatown Restaurant Opportunity
    $175,000

    Honolulu Chinatown Restaurant Opportunity

    Authentic Vietnamese restaurant for sale in Honolulu's Chinatown.

    1145 Maunakea St, Honolulu, HI 96817
    View details
    Multi-Generational Property with Income Potential
    $2,100,000

    Multi-Generational Property with Income Potential

    Expansive residence with remodeled main home and separate Ohana dwelling.

    Unknown, Honolulu, HI 96822
    View details

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    Five Star Realty Inc
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Five Star Realty Inc
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