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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1045 Waimanu St Honolulu, HI 96814-3411

    • Warehouses
    • 16,480 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Aug 18, 2022
    $8,400,000
    Value Estimations
    $6,050,000
    Show details
    Cap Rate Potential
    4.4%
    Warehouses
    Location Intelligence
    Property ID
    US24-0040691
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1045 Waimanu St

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    0.47 lot acres
    Property size
    16,480 SF
    Zone code
    HCDA
    Property type
    Warehouses
    APN
    1-2-3-003-038
    APU
    123003038

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,000,000
      ML approach
      $5,750,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,375,000
      6.5%
      $4,040,000
      7%
      $3,750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,707,000
      Market price range: $2.24M - $6.90M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,580,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $6,775,000
      Change: +48% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $6,700,000
      Change: +46% Conversion: Easy
      COMMERCIAL (GENERAL)
      $6,515,000
      Change: +42% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.851
    Latitude
    21.2958
    CBSA code
    46520
    CBSA name
    URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $92,438
    $6,084,700
    $1,714,800
    $7,799,500
    -
    $6,084,700
    $1,714,800
    $7,799,500

    Comparable in this City

    • Value Estimation
      $570,000
      2,500 SF

      1319 Beretania St Sta, Unit A

      WAREHOUSE, STORAGE • 2,500 SF
      1319 Beretania St Sta, Honolulu, HI 96814-1821
      View Details
    • Value Estimation
      $9,270,000
      63,580 SF

      1687 Kalauokalani Way

      WAREHOUSE, STORAGE • 63,580 SF
      1687 Kalauokalani Way, Honolulu, HI 96814-3795
      View Details
    • Value Estimation
      $1,225,000
      5,776 SF

      1124 Kona St

      WAREHOUSE, STORAGE • 5,776 SF
      1124 Kona St, Honolulu, HI 96814-3424
      View Details
    • Value Estimation
      $720,000
      3,234 SF

      824 Sheridan St

      WAREHOUSE, STORAGE • 3,234 SF
      824 Sheridan St, Honolulu, HI 96814
      View Details
    • Value Estimation
      $510,000
      3,558 SF

      1352 Beretania St Ste

      WAREHOUSE, STORAGE • 3,558 SF
      1352 Beretania St Ste, Honolulu, HI 96814-1508
      View Details
    • Value Estimation
      $985,000
      43,100 SF

      1217 Hopaka St

      WAREHOUSE, STORAGE • 43,100 SF
      1217 Hopaka St, Honolulu, HI 96814-4302
      View Details

    Similar Nearby for Sale

    • $5,750,000

      Honolulu Mixed-Use Property For Sale

      Mixed-use property with warehouse, office, and retail space in Honolulu.
      1079-1085 S Beretania St, Honolulu, HI 96814
      View Details
    • Contact for pricing
      8,000 SF

      Pensacola Plaza: Honolulu Retail Center

      Fully Leased Kaka'ako Shopping Center
      1175 Hopaka St, Honolulu, HI 96814
      View Details
    • $6,250,000
      12,573 SF

      Honolulu Storefront: Prime Location

      12,573 SF Retail, Office, Warehouse
      1079 Beretania St, Honolulu, HI 96814
      View Details
    • $120,000
      34.93 Acres

      Ala Moana Cafe Space - Lease Takeover

      Turnkey cafe, prime Honolulu location, high foot traffic.
      1450 Ala Moana Blvd, Honolulu, HI 96814
      View Details
    • $2,550,000
      1,326 SF

      Honolulu Restaurant & Duplex

      Prime Honolulu location, owner-user opportunity.
      1246 King St, Honolulu, HI 96814
      View Details
    • $6,250,000

      Mixed-Use Property on Beretania Street

      Mixed-use property with warehouse, office, and retail space for sale.
      1079-1085 S Beretania St, Honolulu, HI 96814
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,308 SF

      Honolulu Executive Office Space

      1,825 SF Available in Prime Location
      771 Amana St, Honolulu, HI 96814
      View Details
    • $1,200 /Mo
      600 SF

      Salon Space in Honolulu

      Salon space available for rent in a high-traffic location.
      1302 S Beretania St, Honolulu, HI 96814
      View Details
    • Contact for pricing
      24,064 SF

      Kakaako Creative Office Space

      Honolulu Office Suites, 262-3713 sq ft
      1019 Waimanu St, Honolulu, HI 96814
      View Details
    • $66 SF/Yr
      2,183 SF

      Hokua Retail Space: Honolulu

      Prime Honolulu retail space, 2,183 sq ft.
      1288 Ala Moana Blvd, Honolulu, HI 96814
      View Details
    • $0.09 SF/Yr
      24,686 SF

      Office Building with Parking

      Two-story office building with parking in lower Makiki.
      1257-1259 S Beretania St, Honolulu, HI 96814
      View Details
    • $6 SF/Yr
      1,320 SF

      Executive Office Suite, Honolulu

      1,320 SF Office Space Available
      1296 Beretania St, Honolulu, HI 96814
      View Details
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    Honolulu, HI 96814-3411
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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
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