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Property profile & analytics
OFF-MARKET
Estimated value
$4,135,000
Commercial real estate
16-204 Melekahiwa Pl Keaau, HI 96749-8010
Individually Owned
1-yr Hold
Free & Clear
Property ID
US24-0159992
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1993
Total area
29,082 SF
Lot
3.48 ac (151,766 SF)
Zoning code
4G
APN
3-1-6-146-019
UPID
US24-0159992
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
-
Pepsi-Cola Co Big Box & Wholesale Store Distribution Center
-
La Hana Vista Government Office
-
Easter Seals Charitable Organization Social Service Agency
-
Tisha Takazawa Community Health Centre
-
Hawaii Island Hiv-Aids Foundat Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.14M
Owner & transaction history
State Of Hawaii · 1 yrs held
State Of Hawaii
since 2024
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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,435,000
Current use
Blend value · Realmo final
$4.14M
Range $3.72M – $4.55M · ±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
$142 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$49,950
Tax year 2024
Assessed value
$5,421,700
Assessed 2024
Previous assessed
$5,421,700
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$1,284,200
Assessed improvement
$4,137,500
Land market value
$1,284,200
Improvement market value
$4,137,500
Total market value
$5,421,700
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1993
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
13
Total area
29,082 SF
Lot
3.48 ac (151,766 SF)
Zoning code
4G
APN
3-1-6-146-019
UPID
US24-0159992
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
COMMERCIAL (GENERAL) Current
Est. value
$6.4M
COMMERCIAL (GENERAL) Current
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
1993
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
13
Lot
3.48 ac
Current owner
From public records · entity-resolved
State Of Hawaii
Individual
Free & Clear · 1 yrs held
Mailing address
16-204 MELEKAHIWA PL FL #6, KEAAU, HI 96749-8010
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
—
State Of Hawaii
Melekahiwa Watumull LLC
Lease
—
Sep 21, 2020
—
State Of Hi
Melekahiwa Watumull LLC
Grant Deed
related
—
Jun 25, 2019
$238,909
Spectrasite Communications LLC
Melekahiwa Watumull LLC
Grant Deed
—
Sep 13, 2017
$118,563
Hawaii Easter S
Melekahiwa Watumull LLC
Grant Deed
—
Jul 28, 2016
—
Hawaii Island Hiv Of Aids Foun
Melekahiwa Watumull LLC
Grant Deed
related
—
Feb 25, 2015
$2,000,000
Pacific Guardian Life Ins Co L
Melekahiwa Watumull LLC
Grant Deed
$2,000,000 · Miscellaneous Ins Co
Nov 15, 2005
$127,516
Melekahiwa Watumull LLC
Hawaii Island Hiv Aids Found
Grant Deed
—
May 13, 2004
$2,000,000
Melekahiwa Watumull LLC
Lee Accommodations LLC
Grant Deed
—
Oct 23, 2003
$2,000,000
Lee Accomodations LLC
Hilo Investments LLC
Grant Deed
—
Aug 13, 1999
$4,000,000
Hilo Investments LLC
Sure Save Super Market Ltd
Grant Deed
—
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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