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Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Commercial real estate
1035 University Ave, Honolulu, HI 96826-1500
Entity Owned
20-yr Hold
Free & Clear
Property ID
US24-0034247
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,559 SF
Lot
0.32 ac (13,816 SF)
Zoning code
A-2
APN
1-2-8-024-032
UPID
US24-0034247
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
-
Tanto Gyoza and Ramen Bar Restaurant
-
Honolulu Affordable Car Rental - University Location Car Rental Facility
-
Happy Keiki Preschool High School Daycare Center
-
KansaiYamato Corporation Bakery Take-out & Catering
-
Elevate Church HI Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.97M
Owner & transaction history
Hidc Coolidge Street Ptrs LLC · 20 yrs held
Hidc Coolidge Street Ptrs LLC
since 2006
4 recorded transactions
Zoning & alternative use
A-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$157 / SF
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
$33,947
Tax year 2023
Assessed value
$4,343,800
Assessed 2024
Previous assessed
$4,626,800
-6.1% YoY
Effective rate
0.78%
On assessed value
Assessed land
$3,726,800
Assessed improvement
$617,000
Land market value
$3,726,800
Improvement market value
$617,000
Total market value
$4,343,800
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
12
Total area
12,559 SF
Lot
0.32 ac (13,816 SF)
Zoning code
A-2
APN
1-2-8-024-032
UPID
US24-0034247
Jurisdiction
HONOLULU
Zoning & alternative use
A-2 · Honolulu, HI
Zoning A-2 · permitted uses
A-2 · 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
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Bathrooms
12
Lot
0.32 ac
Current owner
From public records · entity-resolved
Hidc Coolidge Street Ptrs LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 3466, HONOLULU, HI 96801-3466
Ownership since
2006
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
Jun 30, 2006
$512,635
Hidc Coolidge Street Ptrs LLC
University Plaza
Grant Deed
—
Jun 30, 2006
$457,073
Bernice P Bishop
Hidc Coolidge Street Ptrs LLC
Grant Deed
—
Jun 27, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
James W Wong
—
Deed Of Trust
related
$325,000 · Central Pacific 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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