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Property profile & analytics
FOR LEASE
Warehouses
155 Hamakua Dr, Kailua, HI 96734
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0152758
For Lease
1 / 5
$18 SF/Yr
155 Hamakua Dr, Kailua, HI 96734
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Property summary
AI-generated overview
This exceptional property at 155 Hamakua Drive in Kailua, Hawaii (zip code 96734), offers a unique blend of retail, office, and industrial space, ideal for a variety of businesses. The single, two-story building, constructed in 1976, boasts a total of 3,516 square feet across multiple suites. Currently, approximately 2,594 square feet of ground floor space and 922 square feet of second-floor mezzanine space are available. The property's APN is 1-4-2-038-054-0000. Its convenient location within the Kailua Town submarket offers excellent visibility and accessibility. The property benefits from its proximity to major retailers such as Safeway, Target, and Foodland, ensuring high foot traffic and convenient access for employees and customers. Neighboring businesses include Kailua Physical Therapy and Times Coffee Shop, creating a vibrant and established commercial environment. This flex space presents a rare opportunity to establish a presence in the thriving Kailua market. The property is zoned for multiple tenancies, providing flexibility for various business models. Interested parties should schedule a viewing
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
STEEL FRAME
Total area
4,226 SF
Lot
0.22 ac (9,500 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-4-2-038-054
UPID
US24-0152758
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
-
Kailua Physical Therapy Clinic Clunic Medical Clinic
-
CENSEO AV+Acoustics Acoustical Consultant
-
Lifted Spirits Corporation Brewery & Distillery Specialty Food Shop
-
Stephanie Domingo Physician
-
Gaye Nakaji Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$818k
Blend (final)
Blend
$615k
Owner & transaction history
Kalama Land Co Ltd · 26 yrs held
Kalama Land Co Ltd
since 1999
1 recorded transaction
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Kailua, 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 Kailua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kailua 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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$146 / 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
$14,675
Tax year 2023
Assessed value
$1,189,500
Assessed 2024
Previous assessed
$1,189,500
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$880,400
Assessed improvement
$309,100
Land market value
$880,400
Improvement market value
$309,100
Total market value
$1,189,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1976
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
12
Total area
4,226 SF
Lot
0.22 ac (9,500 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-4-2-038-054
UPID
US24-0152758
Jurisdiction
HONOLULU
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Kailua, HI
Zoning IMX-1 IND-COMM MIXED USE · permitted uses
IMX-1 IND-COMM MIXED USE · Kailua, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kailua. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
12
Lot
0.22 ac
Current owner
From public records · entity-resolved
Kalama Land Co Ltd
Entity
Free & Clear · 26 yrs held
Mailing address
600 KAPIOLANI BLVD STE #200, HONOLULU, HI 96813-5139
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 1999
$1,466,100
Kalama Land Co Ltd
Dowsett,allan M
Quit Claim Deed
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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