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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Showrooms
16-175 Melekahiwa St Keaau, HI 96749-8028
Entity Owned
1-yr Hold
Free & Clear
Property ID
US24-0176360
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1991
Construction
STEEL FRAME
Total area
18,000 SF
Lot
1 ac (43,560 SF)
Zoning code
4G
APN
3-1-6-146-045
UPID
US24-0176360
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
-
Big Island Distributing, Inc / Big Island Poultry Big Box & Wholesale Store
-
Hawaii Bookmark Big Box & Wholesale Store
-
Jeff's Work Bench Construction Company General Contractor
-
Marcus custom cabinets LLC General Contractor Renovation Specialist
-
Pono Creations Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$935k
Owner & transaction history
R K Builders INC · 1 yrs held
R K Builders INC
since 2025
7 recorded transactions
Zoning & alternative use
4G · Keaau, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$52 / 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
$15,043
Tax year 2023
Assessed value
$1,405,900
Assessed 2024
Previous assessed
$1,405,900
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$500,900
Assessed improvement
$905,000
Land market value
$500,900
Improvement market value
$905,000
Total market value
$1,405,900
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
1991
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Total area
18,000 SF
Lot
1 ac (43,560 SF)
Zoning code
4G
APN
3-1-6-146-045
UPID
US24-0176360
Jurisdiction
HAWAII
Zoning & alternative use
4G · Keaau, HI
Zoning 4G · permitted uses
4G · Keaau, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Keaau. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Lot
1 ac
Current owner
From public records · entity-resolved
R K Builders INC
Entity
Free & Clear · 1 yrs held
Mailing address
1068 LELEPAU ST, HILO, HI 96720-3614
Ownership since
2025
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
Jun 6, 2025
—
R K Builders INC
Bank Of Hawaii
Deed
—
May 14, 2025
—
First Hawaiian Bank
Joshua Ethan Gaul
Deed
—
May 14, 2025
$1,100,000
Joshua Ethan Gaul
R K Builders INC
Warranty Deed
$825,000 · First Hawaiian Bank
Jul 29, 2022
—
R K Builders INC
—
Deed
related
$500,000 · Bank Of Hawaii
Aug 26, 2020
$769,400
R K Builders INC
Raymond M Kobayashi JR.
Grant Deed
—
—
—
Raymond M Kobayashi JR.
—
Deed Of Trust
related
$500,000 · Hawaii National Bank
—
—
Raymond M Kobayashi JR
—
Deed Of Trust
related
$274,000 · Private Individual
—
—
Raymond M Kobayashi JR.
—
Deed Of Trust
related
$585,000 · Private Lender
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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