Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1618 Frog Ln, Unit C Honolulu, HI 96817-3185

    • Residential income homes
    • 2,378 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Nov 12, 2021
    $2,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US24-0063697
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1618 Frog Ln

    Year built
    1967
    Lot size
    0.26 lot acres
    Property size
    2,378 SF
    Zone code
    A-1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    1-1-7-018-049
    APU
    117018049

    Description

    This exceptional investment opportunity presents a stabilized, four-unit multifamily property located at 1618 Frog Lane, Honolulu, HI 96817. The property consists of two duplex buildings, each featuring two 2-bedroom, 1-bathroom units, totaling 2,240 square feet on a 5,339 square foot lot. Built in 1942, the property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $72,158, resulting in a compelling 5.15% capitalization rate. The asking price is $1,400,000, or $350,000 per unit. Each unit is separately metered for electricity, water, sewer, and gas, with tenants responsible for all utilities. Operating expenses are low, excluding garbage and flood insurance. The property benefits from A-1 Apartment zoning and includes six parking spaces. This cash-flowing asset is a strong contender for investors seeking a stable, high-return investment, and qualifies for a VA loan. The property's strong performance and low maintenance requirements make it an attractive addition to any portfolio. The Tax Map Key (TMK) is 1-1-7-18-50.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.858
    Latitude
    21.3205
    CBSA code
    46520
    CBSA name
    URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,580
    $1,827,200
    $348,700
    $2,175,900
    -
    $1,827,200
    $348,700
    $2,175,900

    Comparable in this City

    • Value Estimation by Request
      6,867 SF

      400 Vineyard Blvd

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,867 SF
      400 Vineyard Blvd, Honolulu, HI 96817
      View Details
    • Value Estimation
      $180,000
      12,240 SF

      1333 Nuuanu Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 12,240 SF
      1333 Nuuanu Ave, Honolulu, HI 96817-4033
      View Details
    • Value Estimation
      $295,000
      17,616 SF

      1438 Liliha St

      APARTMENT HOUSE (UNDER 5 UNITS) • 17,616 SF
      1438 Liliha St, Honolulu, HI 96817-6106
      View Details
    • Value Estimation
      $205,000
      2,262 SF

      1649 Liliha St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,262 SF
      1649 Liliha St, Honolulu, HI 96817-3154
      View Details
    • Value Estimation
      $190,000
      1,872 SF

      215 Puuhue Pl

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,872 SF
      215 Puuhue Pl, Honolulu, HI 96817-3128
      View Details
    • Value Estimation
      $185,000
      1,664 SF

      1417 Ahiahi St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,664 SF
      1417 Ahiahi St, Honolulu, HI 96817-1972
      View Details

    Similar Nearby for Sale

    • $2,988,000

      Renovated Multifamily Property in Honolulu

      Completely renovated 12-unit multifamily property with strong income potential.
      815 Lopez Ln, Honolulu, HI 96817
      View Details
    • $2,988,000

      Renovated Multifamily Property in Honolulu

      Completely renovated 12-unit multifamily property with high return potential.
      815 Lopez Ln, Honolulu, HI 96817
      View Details
    • $1,950,000

      Honolulu Multifamily Investment Opportunity

      Renovated units, central location, and income potential in Honolulu.
      1313 Ahiahi St, Honolulu, HI 96817
      View Details
    • $1,490,000
      3,308 SF

      Honolulu Multifamily Property Built in 2018

      Well-maintained multifamily property built in 2018 with strong rental income.
      1654 Olona Ln, Honolulu, HI 96817
      View Details
    • $3,790,000

      Honolulu Multifamily Investment Opportunity

      15-unit apartment building in Honolulu, near Costco and Home Depot.
      954 Akepo Ln, Honolulu, HI 96817
      View Details
    • $1,950,000

      Honolulu Multifamily Investment Opportunity

      Renovated units, central location, and strong income potential.
      1313 Ahiahi St, Honolulu, HI 96817
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      26,991 SF

      Iwilei Flex Space: Colburn Street

      Free-standing building & land, prime Iwilei location.
      1369 Colburn St, Honolulu, HI 96817
      View Details
    • $18 SF/Yr
      15,635 SF

      Industrial Land Lease: Kalihi, Oahu

      15,635 SF Industrial Land - Long-Term Lease
      1385 Colburn St, Honolulu, HI 96817
      View Details
    • $1.00 SF/Yr
      16,073 SF

      Honolulu Commercial Space for Rent

      Commercial space in Honolulu, suitable for medical or non-profit use.
      810 N Vineyard Blvd, Honolulu, HI 96817
      View Details
    • $19 SF/Yr
      28,061 SF

      Honolulu Flex Space Available

      Versatile Honolulu warehouse/retail space.
      743 Waiakamilo Rd, Honolulu, HI 96817
      View Details
    • $120 SF/Yr
      59,347 SF

      Maunakea Marketplace Retail Spaces

      Honolulu Retail & Restaurant Units Available
      1120 Maunakea St, Honolulu, HI 96817
      View Details
    • $19 SF/Yr
      86,412 SF

      Castle Cooke Office Suites Available

      Honolulu Executive Office Space, 173-1,952 SF
      200 Vineyard Blvd, Honolulu, HI 96817
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1618 Frog Ln, Unit C
    Honolulu, HI 96817-3185
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.