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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Showrooms
159 Kalanikoa St Hilo, HI 96720-4607
Entity Owned
6-yr Hold
Free & Clear
Property ID
US24-0240248
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1994
Construction
MIXED
Total area
36,000 SF
Lot
1.34 ac (58,336 SF)
Zoning code
4M
APN
3-2-2-032-104
UPID
US24-0240248
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
-
Carrier Corporation Hardware & Home Improvement HVAC Service
-
StorQuest Self Storage Storage Facility
-
Alu Like Inc Charitable Organization Social Service Agency
-
American Medical Response Ambulance Service
-
'Iolani Furniture Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$2.84M
Owner & transaction history
159 Kalanikoa Sp LLC · 6 yrs held
159 Kalanikoa Sp LLC
since 2020
Last sale
$2.9M
2 recorded transactions
Zoning & alternative use
4M · Hilo, 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 Hilo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilo 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
$2,735,000
ML approach
$2,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10% · vs last sale $2.93M (Feb 13 2020)
Last sale anchor
$2.93M
Feb 13 2020
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
$79 / 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
$39,892
Tax year 2023
Assessed value
$3,728,200
Assessed 2024
Previous assessed
$3,728,200
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,057,000
Assessed improvement
$2,671,200
Land market value
$1,057,000
Improvement market value
$2,671,200
Total market value
$3,728,200
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
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1994
Construction
MIXED
Heating
NONE
Stories
2
Units
1
Bathrooms
13
Total area
36,000 SF
Lot
1.34 ac (58,336 SF)
Zoning code
4M
APN
3-2-2-032-104
UPID
US24-0240248
Jurisdiction
HAWAII
Zoning & alternative use
4M · Hilo, HI
Zoning 4M · permitted uses
4M · Hilo, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Construction
MIXED
Heating
NONE
Stories
2
Units
1
Bathrooms
13
Lot
1.34 ac
Current owner
From public records · entity-resolved
159 Kalanikoa Sp LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 2034, SANTA MONICA, CA 90406-2034
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
$2,925,000
159 Kalanikoa Sp LLC
3900 LLC
Grant Deed
—
Jun 13, 2005
—
Record Owner
Owner,record
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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