Individually Owned Property summary
AI-generated overview
This exceptional Class A warehouse, built in 2024, offers 4,158 square feet of space on a 10,521 square foot lot in Honolulu's Sand Island Industrial Park. The property features two 14-foot roll-up doors, ceiling heights ranging from 19 to 25 feet, and two restrooms. Its design allows for flexible use: occupy the entire space or easily divide it for owner-occupancy and leasing opportunities, offsetting costs. The secure site includes a gated entry, open parking, and a yard area. Located conveniently near Daniel K. Inouye International Airport and harbor depots, this property provides easy container transport access. The building boasts brand new water and electrical utilities and has never been occupied. This is a rare opportunity in Honolulu's tight industrial market, characterized by low vacancy rates and limited new construction. The property is zoned I-2 and the APN is 1-5-4-41:301. The asking price is $1,350,000, resulting in a price per square foot of $324.68. The ownership is leasehold.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2023
Total area
4,150 SF
Lot
0.24 ac (10,521 SF)
Zoning code
I-3 INDUSTRIAL-WATERFRONT
APN
1-1-5-041-301
UPID
US24-0069162
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.32M
Owner & transaction history
since 2025
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
I-3 INDUSTRIAL-WATERFRONT · Honolulu, HI
Top alternative use upside
Commercial (general)
$1.7M
+47.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.32M
Value range
$1.18M – $1.45M
±10% around blend
Estimated value / SF
$317 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$1.18M
blend $1.32M
$1.45M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,150 SF
Lot area
0.24 ac
Year built
2023
Stories
1
APN
1-1-5-041-301
Zoning
I-3 INDUSTRIAL-WATERFRONT
Assessed value
$2,342,500
Annual tax
$24,522
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.02M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.10M
@ 6.5% CAP return
$1.02M
@ 7% CAP return
$945k
4
Sales comparison
Partial preview
Sales approach indication
$1.79M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.7 mi away · 5,238 SF
1.8 mi away · 3,800 SF
1.8 mi away · 3,750 SF
1.8 mi away · 3,800 SF
1.9 mi away · 3,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.32M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 76 sales
$277
+14%
Submarket 125 sales
$278
+14%
County 249 sales
$251
+26%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $317/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+47%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.30M
Move the market yield to see immediate price impact.
Value / SF
$313
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$82k
$1.64M
$1.17M
$910k
$91k
$1.82M
$1.30M
$1.01M
$100k
$2.00M
$1.43M
$1.11M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$1.85M
1.5 mi · Sep 2025 · $524/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,522
Tax year 2023
Assessed value
$2,342,500
Assessed 2024
Previous assessed
$2,342,500
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$2,021,500
Assessed improvement
$321,000
Land market value
$2,021,500
Improvement market value
$321,000
Total market value
$2,342,500
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2023
Heating
NONE
Stories
1
Bathrooms
13
Total area
4,150 SF
Lot
0.24 ac (10,521 SF)
Zoning code
I-3 INDUSTRIAL-WATERFRONT
APN
1-1-5-041-301
UPID
US24-0069162
Jurisdiction
HONOLULU
Zoning & alternative use
I-3 INDUSTRIAL-WATERFRONT · Honolulu, HIZoning I-3 INDUSTRIAL-WATERFRONT · permitted uses
I-3 INDUSTRIAL-WATERFRONT · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Stories
1
Bathrooms
13
Lot
0.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I-3 INDUSTRIAL-WATERFRONT
Jurisdiction
Honolulu, HI
Recorded code
I-3 INDUSTRIAL-WATERFRONT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-3 INDUSTRIAL-WATERFRONT in Honolulu, HI.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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