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Property profile & analytics
OFF-MARKET
Estimated value
$8,440,000
Industrial land
1019 Waimanu St, Honolulu, HI 96814-3415
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0037680
Property summary
AI-generated overview
This Kakaako, Honolulu office building offers 24,064 square feet of creative office space in a single, one-story building constructed in 1986. Located at 1019 Waimanu St, Honolulu, HI 96814, this Class C property sits on 0.69 acres and is zoned KAK. The building features multiple tenancies, with four spaces currently available, ranging from 262 to 3,713 square feet. While elevators are not present, the second-floor office space is conveniently accessible via a walk-up entrance. The property boasts a serene garden setting, just off Kapiolani Boulevard, in a peaceful residential and business area. Parking is available for an additional $125 + GET per month, and storage units are also available for $250 + GET per month. Enjoy the convenience of nearby restaurants and gathering spots in the vibrant Kakaako neighborhood. The building's air conditioning operates Monday through Friday, from 6:30 AM to 5:00 PM.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.21 ac (9,000 SF)
Zoning code
HCDA
APN
1-2-3-003-052
UPID
US24-0037680
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
-
Cheyenne T. Akana, LCSW Physician
-
Valley Health Care Systems Employment Agency
-
wendell k lee hawaii Consultant
-
Susan Snyder Facials & Massage Alternative Medicine Practice Spa & Massage Center
-
Higgins Realty Corporation Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.44M
Owner & transaction history
Jn Group INC · 2 yrs held
Jn Group INC
since 2023
Last sale
$10.3M
4 recorded transactions
Zoning & alternative use
HCDA · Honolulu, 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 Honolulu submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Honolulu 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
Method
Estimation
Statistic approach
$6,895,000
ML approach
$6,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.44M
Range $7.60M – $9.28M · ±10% · vs last sale $10.25M (Jul 26 2023)
Last sale anchor
$10.25M
Jul 26 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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
$36,270
Tax year 2023
Assessed value
$2,925,000
Assessed 2024
Previous assessed
$2,925,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$2,925,000
Land market value
$2,925,000
Total market value
$2,925,000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.21 ac (9,000 SF)
Zoning code
HCDA
APN
1-2-3-003-052
UPID
US24-0037680
Jurisdiction
HONOLULU
Zoning & alternative use
HCDA · Honolulu, HI
Zoning HCDA · permitted uses
HCDA · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Honolulu. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
Jn Group INC
Entity
Free & Clear · 2 yrs held
Mailing address
888 KAPIOLANI BLVD, HONOLULU, HI 96813-5245
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jul 26, 2023
$10,250,000
Jn Group INC
Kakaako Business Center Associates
Warranty Deed
—
Apr 29, 2008
—
Vernon Ying Tsai Woo
Kakaako Business Center Associ
Grant Deed
related
—
Dec 4, 2001
$3,826,400
Zobel Trust
—
Grant Deed
related
—
Jul 28, 2000
$2,300,000
Woo,vernon Y & Arlene G
Bank Of Hawaii
Trustees Deed
$1,700,000 · Hawaii National 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.
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