New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Residential income homes
1433 Alexander St, Honolulu, HI 96822-4920
Individually Owned
2-yr Hold
Property ID
US24-0003016
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2001
Construction
CONCRETE
Total area
7,268 SF
Lot
0.14 ac (5,994 SF)
Zoning code
A-3
APN
1-2-8-013-030
UPID
US24-0003016
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$2.10M
Owner & transaction history
Warren F Wong · 2 yrs held
Warren F Wong
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
A-3 · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+10.7%
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
$2,100,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
$2,410,000
6.5%
$2,225,000
7%
$2,070,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,990,000
Current use
COMMERCIAL (GENERAL)
$3,305,000
Change: +11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,955,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.10M (Jun 5 2024)
Last sale anchor
$2.10M
Jun 5 2024
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
$289 / 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
$9,673
Tax year 2023
Assessed value
$2,873,600
Assessed 2024
Previous assessed
$2,873,600
+0.0% YoY
Effective rate
0.34%
On assessed value
Assessed land
$1,678,300
Assessed improvement
$1,195,300
Land market value
$1,678,300
Improvement market value
$1,195,300
Total market value
$2,873,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Stories
3
Units
4
Total area
7,268 SF
Lot
0.14 ac (5,994 SF)
Zoning code
A-3
APN
1-2-8-013-030
UPID
US24-0003016
Jurisdiction
HONOLULU
Zoning & alternative use
A-3 · Honolulu, HI
Zoning A-3 · permitted uses
A-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2001
Construction
CONCRETE
Heating
NONE
Stories
3
Units
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Warren F Wong
Individual
Mailing address
3231 ALLAN PL, HONOLULU, HI 96817-5234
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
—
Warren F Wong
Warren F Wong
Intrafamily Transfer
related
—
Nov 19, 2010
$2,100,000
Warren F Wong
Kim,sue H
Warranty Deed
$1,470,000 · Honolulu Homeloans INC
Oct 31, 2003
—
Sue H Kim
Choi,byung S
Grant Deed
$750,000 · National City Mortgage Co
Jun 30, 2000
$1,000
Byung S Choi
Choi,byung S
Grant Deed
related
$450,000 · Bnc Mortgage INC
Sep 22, 1998
$230,000
Byung S Choi
Waimanalo Investments INC
Grant Deed
$172,500 · International S & L Assn
—
—
Byung S Choi
—
Deed Of Trust
related
$150,000 · Hawaii National Bank
—
—
Sue H Kim
—
Deed Of Trust
related
$1,000,000 · First Hawaiian Bank
—
—
Byung S Choi
—
Deed Of Trust
related
$100,000 · Hawaii National Bank
—
—
Byung S Choi
—
Deed Of Trust
related
$575,000 · Countrywide Home Loans INC
—
—
Sue H Kim
—
Deed Of Trust
related
$100,000 · First Hawaiian Bank
—
—
Sue H Kim
—
Deed Of Trust
related
$753,000 · National City Mortgage Co
—
—
Sue H Kim
—
Deed Of Trust
related
$100,000 · First Hawaiian 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1433 Alexander St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
