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Property profile & analytics
OFF-MARKET
Estimated value
$3,410,000
Commercial land
1651 Kamehameha Hwy, Kaneohe, HI 96744
Individually Owned
1-yr Hold
Free & Clear
Property ID
US24-0419606
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.61 ac (26,615 SF)
Zoning code
B-2
APN
1-4-6-011-037
UPID
US24-0419606
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.41M
Owner & transaction history
Wayne Y Takazono · 1 yrs held
Wayne Y Takazono
since 2025
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
B-2 · Kaneohe, 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 Kaneohe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kaneohe 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
$2,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.41M
Range $3.07M – $3.75M · ±10% · vs last sale $3.41M (May 5 2025)
Last sale anchor
$3.41M
May 5 2025
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
—
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
$32,343
Tax year 2023
Assessed value
$2,661,500
Assessed 2024
Previous assessed
$2,608,300
+2.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,661,500
Land market value
$2,661,500
Total market value
$2,661,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.61 ac (26,615 SF)
Zoning code
B-2
APN
1-4-6-011-037
UPID
US24-0419606
Jurisdiction
HONOLULU
Zoning & alternative use
B-2 · Kaneohe, HI
Zoning B-2 · permitted uses
B-2 · Kaneohe, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kaneohe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.61 ac
Current owner
From public records · entity-resolved
Wayne Y Takazono
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 1623, KANEOHE, HI 96744-1623
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
May 5, 2025
—
Wayne Y Takazono
Wayne Y Takazono
Deed
related
—
Aug 7, 2013
$3,411,200
Starbucks Corp
Bishop Bernice P
Grant Deed
—
May 8, 2012
$52,972,785
Tsa Stores INC
Bishop Bernice P
Grant Deed
—
Feb 28, 2012
$1,143,412
Hawaiiusa FCU
Bishop Bernice P
Grant Deed
related
—
Oct 1, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Dec 29, 2006
$2,659,976
Borders INC
Bishop,bernice P
Grant Deed
—
Oct 19, 2004
$100,000
Regal Cinemas INC
Signature Theatres LLC
Grant Deed
—
Oct 19, 2004
—
Signature Theatres LLC
Bishop,bernice P
Grant Deed
related
—
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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