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Property profile & analytics
OFF-MARKET
Estimated value
$6,310,000
Showrooms
16-151 Melekahiwa St Keaau, HI 96749-8017
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US24-0098431
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,550 SF
Lot
3 ac (130,681 SF)
Zoning code
4G
APN
3-1-6-146-043
UPID
US24-0098431
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
-
Storage Star Hilo Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.39M
CAP Approach
CAP
$4.52M
Comparable Approach
Comparable
$5.79M
Blend (final)
Blend
$6.31M
Owner & transaction history
Keaau Storage Investors LLC · 6 yrs held
Keaau Storage Investors LLC
since 2020
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
4G · Keaau, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.4M
+143.1%
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 Keaau submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keaau 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
$6,175,000
ML approach
$6,390,000
CAP Approach
CAP Return
Estimation
6%
$4,890,000
6.5%
$4,515,000
7%
$4,190,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,360,000
Change: +143% · Conversion: Moderate
Blend value · Realmo final
$6.31M
Range $5.68M – $6.94M · ±10% · vs last sale $6.60M (Feb 13 2020)
Last sale anchor
$6.60M
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
$406 / 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
$66,810
Tax year 2023
Assessed value
$6,243,900
Assessed 2024
Previous assessed
$6,243,900
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,189,200
Assessed improvement
$5,054,700
Land market value
$1,189,200
Improvement market value
$5,054,700
Total market value
$6,243,900
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
9
Stories
1
Units
1
Total area
15,550 SF
Lot
3 ac (130,681 SF)
Zoning code
4G
APN
3-1-6-146-043
UPID
US24-0098431
Jurisdiction
HAWAII
Zoning & alternative use
4G · Keaau, HIZoning 4G · permitted uses
4G · Keaau, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS)
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
9
Units
1
Lot
3 ac
Current owner
From public records · entity-resolved
Keaau Storage Investors LLC
Entity
Mailing address
3600 AMERICAN RIV DR STE #215, SACRAMENTO, CA 95864-5950
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
$6,600,000
Keaau Storage Investors LLC
Mhc 8 LLC
Grant Deed
—
Jun 19, 2019
—
Mhc 8 LLC
—
Loan Modification
related
$350,000,000 · Jp Morgan Chase Bk
Nov 22, 2017
—
Mhc 8 Ca Hi Mo LLC
Keaau Storage Partners LLC
Warranty Deed
$308,700,000 · Jpmorgan Chase Bank NA
Jul 1, 2004
$2,260,000
Keaau Storage Partners LLC
Power Storage Keaau LLC
Grant Deed
related
$1,700,000 · City Bank
Jul 1, 2004
—
City Bank
Keaau Storage Partners LLC
—
related
—
Mar 19, 2002
$1,300,000
Power Storage Keaau LLC
Dynasty Developments
Grant Deed
$910,000 · Central Pacific Bank
—
—
Keaau Storage Partners LLC
—
Deed Of Trust
related
$3,000,000 · Wells Fargo Bank
—
—
Keaau Storage Partners LLC
—
Deed Of Trust
related
$1,000,000 · First Hawaiian 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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