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Property profile & analytics
OFF-MARKET
Commercial land
98-199 Kamehameha Hwy, Aiea, HI 96701-4821
Entity Owned
21-yr Hold
Free & Clear
Property ID
US24-0095380
Property summary
AI-generated overview
This exceptional retail opportunity is located at 98-199 Kamehameha Hwy, Aiea, HI 96701, conveniently situated near Kamehameha Hwy. The Pearl Kai Shopping Center offers a total of 12,860 square feet of retail space within a thriving commercial environment. Currently, there are multiple units available, ranging from a minimum of 780 square feet to a maximum contiguous space of 2,016 square feet, with a total of 3,216 square feet currently vacant. The property sits on a substantial 2.14 acres (93,281 square feet) and is zoned B-2. This center boasts a diverse and successful tenant mix, including retail, restaurant, office, and professional services. A key advantage is the absence of percentage rent, offering predictable and stable operating costs. This presents a unique chance to establish or expand your business in a high-traffic location with a strong existing customer base. The property's size and flexible unit options cater to a wide range of business needs. Contact us today to learn more about this exciting investment opportunity.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.83 ac (36,218 SF)
Zoning code
B-2
APN
1-9-8-014-007
UPID
US24-0095380
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
H&R Block Tax Preparation
-
Pearl Kai Dentistry Dental Office
-
Gale Marana DDS Dental Office
-
Yakiniku Jang Su Korean Barbecue Restaurant
-
Powerhouse Gym Aiea Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pccp Ldc Pearl Kai LLC · 21 yrs held
Pccp Ldc Pearl Kai LLC
since 2005
4 recorded transactions
Zoning & alternative use
B-2 · Aiea, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Aiea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aiea submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,142
Tax year 2023
Assessed value
$2,541,600
Assessed 2024
Previous assessed
$2,430,800
+4.6% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,541,600
Land market value
$2,541,600
Total market value
$2,541,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.83 ac (36,218 SF)
Zoning code
B-2
APN
1-9-8-014-007
UPID
US24-0095380
Jurisdiction
HONOLULU
Zoning & alternative use
B-2 · Aiea, HI
Zoning B-2 · permitted uses
B-2 · Aiea, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aiea. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.83 ac
Current owner
From public records · entity-resolved
Pccp Ldc Pearl Kai LLC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 3466, HONOLULU, HI 96801-3466
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2005
$3,925,000
Pccp Ldc Pearl Kai LLC
Anuenue Properties LLC
Grant Deed
—
Feb 1, 2005
—
Anuenue Properties LLC
Pccp Ldc Pearl Kai LLC
Grant Deed
related
—
Mar 24, 2004
—
Pccp/ldc Pearl Kai LLC
Pearl Kai Corp
Quit Claim Deed
related
$8,550,000 · Legg Mason Real Estate Capital
Mar 27, 2001
$3,450,000
Anuenue Properties LLC
Real Estate Delivery INC
Grant Deed
$3,250,000 · First Hawaiian Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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