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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Parking lots & garages
1200 Ala Moana Blvd Honolulu, HI 96814-4271
Entity Owned
13-yr Hold
Free & Clear
Property ID
US24-0124945
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1981
Total area
174,096 SF
Lot
4.52 ac (196,817 SF)
Zoning code
KAKAAKO CO
APN
1-2-3-005-006
UPID
US24-0124945
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
-
The HUB Exhibit
-
Sweat + Soul Gym & Fitness Center
-
BoxJelly | Hawaii's Original Coworking Space Coworking & Hybrid Office
-
BoxJelly - Ward Coworking & Hybrid Office
-
Volta Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.25M
Owner & transaction history
Bed Bath & Beyond INC · 13 yrs held
Bed Bath & Beyond INC
since 2012
5 recorded transactions
Zoning & alternative use
KAKAAKO CO · Honolulu, HI
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
by Request
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$975,000
Current use
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10%
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
$7 / 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
$890,344
Tax year 2023
Assessed value
$72,160,500
Assessed 2024
Previous assessed
$71,801,900
+0.5% YoY
Effective rate
1.23%
On assessed value
Assessed land
$45,464,700
Assessed improvement
$26,695,800
Land market value
$45,464,700
Improvement market value
$26,695,800
Total market value
$72,160,500
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1981
Heating
NONE
Buildings
6
Stories
1
Units
1
Bathrooms
13
Total area
174,096 SF
Lot
4.52 ac (196,817 SF)
Zoning code
KAKAAKO CO
APN
1-2-3-005-006
UPID
US24-0124945
Jurisdiction
HONOLULU
Zoning & alternative use
KAKAAKO CO · Honolulu, HIZoning KAKAAKO CO · permitted uses
KAKAAKO CO · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Article 2
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$975,000
PARKING LOT Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
1
Buildings
6
Units
1
Bathrooms
13
Lot
4.52 ac
Current owner
From public records · entity-resolved
Bed Bath & Beyond INC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 131298, CARLSBAD, CA 92013-1298
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2012
$5,520,000
Bed Bath & Beyond INC
Victoria Ward Center LLC
Grant Deed
—
Jan 7, 2010
—
Victoria Ward Entertainment Ce
—
Deed Of Trust
related
$63,000,000 · Ge Com'l Mtg Corp #2005-c1
Nov 3, 2004
—
Bank Of Hawaii Trust
Victoria Ward Ltd
Grant Deed
related
—
—
—
Victoria Ward Ltd
—
Loan Modification
related
$238,717,625 · Wells Fargo Bk
—
—
Bank Of Hawaii
—
Deed Of Trust
related
$63,000 · Bank Of America
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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