Property profile

1521 Palama St Honolulu, HI 96817

OFF-MARKET
Commercial real estate
Property ID
US24-0169783
1,677 SF 0.11 ac lot Built 1953
Individually Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1953
Total area 1,677 SF
Lot 0.11 ac (4,642 SF)
Zoning code R-5
APN 1-1-6-008-029
UPID US24-0169783

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

1521 Palama St Honolulu, HI 96817-3041
Honolulu metro Census 5500 URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
$445k
Comparable Approach Comparable
$652k
Blend (final) Blend
$730k

Owner & transaction history

since 2022
Last sale
$1.0M
1 recorded transaction
2022
$1.0M

Zoning & alternative use

R-5 · Honolulu, HI
Zoning description

ZONING DISTRICTS USES (Note: Certain uses are defined in Article 10.) 57 Revised February 6, 2023 P-2 AG-1 AG-2 Country R-20, R-10 R-7.5, R-5, R-3.5 A-1 A-2 A-3 AMX-1 AMX-2 AMX-3 Resort B-1 B-2 BMX-3 BMX-4 I-1 I-2 I-3 IM…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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