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Property profile & analytics
OFF-MARKET
Showrooms
16-180 Mikahala Pl Keaau, HI 96749-8004
Entity Owned
20-yr Hold
Free & Clear
Property ID
US24-0337961
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2009
Construction
STEEL FRAME
Total area
30,800 SF
Lot
4.77 ac (207,948 SF)
Zoning code
4G
APN
3-1-6-148-020
UPID
US24-0337961
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
-
Cano Electric Electrical Service General Contractor
-
Kipapa Traffic management Building Supply General Contractor
-
Hilo Service & Speed Auto Repair Shop
-
Stirling Screen Window & Door Fabrication & Repair LLC. Hardware & Home Improvement Interior Design
-
Pacific Solar Products Inc Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shipman Self Storage LLC · 20 yrs held
Shipman Self Storage LLC
since 2006
Last sale
$23.0M
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$40,774
Tax year 2023
Assessed value
$5,012,100
Assessed 2024
Previous assessed
$3,810,700
+31.5% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,420,400
Assessed improvement
$3,591,700
Land market value
$1,420,400
Improvement market value
$3,591,700
Total market value
$5,012,100
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
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
5
Stories
1
Units
1
Total area
30,800 SF
Lot
4.77 ac (207,948 SF)
Zoning code
4G
APN
3-1-6-148-020
UPID
US24-0337961
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
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
1
Lot
4.77 ac
Current owner
From public records · entity-resolved
Shipman Self Storage LLC
Entity
Free & Clear · 20 yrs held
Mailing address
16-180 MIKAHALA PL, KEAAU, HI 96749-8004
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2006
$1,325,000
Shipman Self Storage LLC
Wh Shipman Ltd
Grant Deed
—
—
—
Shipman Self Storage LLC
—
Deed Of Trust
related
$3,892,500 · Central Pacific Bank
—
—
Shipman Self Storage LLC
—
Deed Of Trust
related
$3,892,500 · Central Pacific 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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