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Property profile & analytics
OFF-MARKET
Hotels
150 Kaiulani Ave, Honolulu, HI 96815-3227
Entity Owned
4-yr Hold
Property ID
US24-0350647
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1971
Construction
CONCRETE
Total area
264,846 SF
Lot
1.17 ac (50,940 SF)
Zoning code
U/X6/20
APN
1-2-6-022-040
UPID
US24-0350647
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Outrigger East LLC · 4 yrs held
Outrigger East LLC
since 2022
Last sale
$37.0M
7 recorded transactions
Zoning & alternative use
U/X6/20 · Honolulu, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,618,245
Tax year 2023
Assessed value
$121,414,800
Assessed 2024
Previous assessed
$112,907,400
+7.5% YoY
Effective rate
1.33%
On assessed value
Assessed land
$75,710,300
Assessed improvement
$45,704,500
Land market value
$75,710,300
Improvement market value
$45,704,500
Total market value
$121,414,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
22
Units
445
Bathrooms
12
Total area
264,846 SF
Lot
1.17 ac (50,940 SF)
Zoning code
U/X6/20
APN
1-2-6-022-040
UPID
US24-0350647
Jurisdiction
HONOLULU
Zoning & alternative use
U/X6/20 · Honolulu, HI
Zoning U/X6/20 · permitted uses
U/X6/20 · 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.
Building & site characteristics
From public records
Year built
1971
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
22
Units
445
Bathrooms
12
Lot
1.17 ac
Current owner
From public records · entity-resolved
Outrigger East LLC
Entity
Mailing address
1301 PUNCHBOWL ST, HONOLULU, HI 96813-2413
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
—
Outrigger East LLC
—
Deed
related
$85,000,000 · Bank Of Hawaii
Apr 1, 2022
$12,103,796
Outrigger East LLC
Outrigges Hotles Hawaii
Assignment Of Lease (leasehold Sale)
—
Apr 1, 2022
$36,989,757
Outrigger East LLC
Queen Emma Land Co
Lease
—
Sep 7, 2017
—
Outrigger Hotels Hawaii
—
Loan Modification
related
$50,000,000 · Bank Of Hi
Apr 4, 2017
—
Outrigger Hotels Hawaii
—
Loan Modification
related
$40,000,000 · Bank Of Hi
Nov 9, 2016
—
Maruei Restaurants Ltd
Outrigger Hotels Hawaii
Grant Deed
—
Jun 12, 2009
—
Outrigger Ents INC
—
Deed Of Trust
related
$45,000,000 · Bank Of Hawaii
Mar 27, 1998
$8,414,100
Outrigger Hotels Hawaii
Arctic Passage INC
Grant Deed
—
—
—
Outrigger Hotels Hawaii
—
Loan Modification
related
$30,000,000 · Bank Of Hi
—
—
Outrigger Ents INC
—
Loan Modification
related
—
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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