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Property profile & analytics
OFF-MARKET
Estimated value
$6,500,000
Commercial real estate
15-1450 Kahakai Blvd, Pahoa, HI 96778-6604
Individually Owned
10-yr Hold
Free & Clear
Property ID
US24-0148554
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,466 SF
Lot
4.9 ac (213,488 SF)
Zoning code
3J
APN
3-1-5-007-020
UPID
US24-0148554
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
by Request
CAP Approach
CAP
$7.40M
Comparable Approach
Comparable
$7.44M
Blend (final)
Blend
$6.50M
Owner & transaction history
First Hawaiian Bk · 10 yrs held
First Hawaiian Bk
since 2015
7 recorded transactions
Zoning & alternative use
3J · Pahoa, 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 Pahoa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pahoa 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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,010,000
6.5%
$7,395,000
7%
$6,865,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,635,000
Current use
Blend value · Realmo final
$6.50M
Range $5.85M – $7.15M · ±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
$255 / 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
$84,241
Tax year 2023
Assessed value
$7,873,000
Assessed 2024
Previous assessed
$7,873,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,648,000
Assessed improvement
$6,225,000
Land market value
$1,648,000
Improvement market value
$6,225,000
Total market value
$7,873,000
Applied tax rate
3.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
25,466 SF
Lot
4.9 ac (213,488 SF)
Zoning code
3J
APN
3-1-5-007-020
UPID
US24-0148554
Jurisdiction
HAWAII
Zoning & alternative use
3J · Pahoa, HI
Zoning 3J · permitted uses
3J · Pahoa, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pahoa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.6M
COMMERCIAL (GENERAL) 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
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Rooms
3
Bathrooms
1
Lot
4.9 ac
Current owner
From public records · entity-resolved
First Hawaiian Bk
Individual
Free & Clear · 10 yrs held
Mailing address
PO BOX 384, PAHOA, HI 96778-0384
Ownership since
2015
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
Aug 31, 2015
$5,079,000
First Hawaiian Bk
Hnmp LLC
Grant Deed
—
Oct 5, 2009
$1,000
Record Owner
Owner,record
Grant Deed
related
—
Dec 30, 2008
$2,456,000
Record Owner
Owner,record
Grant Deed
related
—
Nov 1, 2001
$230,000
Hnmp LLC
Kaneshiro & Sons Enterprise
Grant Deed
—
—
—
Hnmp LLC
—
Deed Of Trust
related
$680,000 · Hawaii National Bank
—
—
Hnmp LLC
—
Deed Of Trust
related
$250,000 · Hawaii National Bank
—
—
Kaneshiro & Sons Enterprises
—
Deed Of Trust
related
$300,000 · Bank Of Hawaii
—
—
Pacific Hawaiian Ltd
—
Deed Of Trust
related
$250,000 · First Hawaiian Bank
—
—
Hnmp LLC
—
Deed Of Trust
related
$340,000 · Hawaii National Bank
—
—
Hnmp LLC
—
Deed Of Trust
related
$860,000 · Hawaii National Bank
—
—
Hnmp LLC
—
Deed Of Trust
related
$4,890,000 · Hawaii National Bank
—
—
Hnmp LLC
—
Deed Of Trust
related
$550,000 · Hawaii National 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.
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