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Property profile & analytics
OFF-MARKET
Estimated value
$6,555,000
Showrooms
17 Makaala St Hilo, HI 96720-5118
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US24-0310386
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1962
Construction
MIXED
Total area
15,780 SF
Lot
1.01 ac (44,164 SF)
Zoning code
4M
APN
3-2-2-050-091
UPID
US24-0310386
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
-
Honda Food Processing Food Processing Plant Factory
-
Benefits Consultants-Hawaii Insurance Agency
-
Ray's Repair Auto Repair Shop
-
Ed's Custom Auto Glass-Repair Vehicle Inspection Center
-
Hawaii Sheetmetal & Mechanical Inc. Production Facility Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.87M
CAP Approach
CAP
$4.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.56M
Owner & transaction history
Hawaii Sheetmetal & Mechanical INC · 2 yrs held
Hawaii Sheetmetal & Mechanical INC
since 2023
Last sale
$6.3M
6 recorded transactions
Zoning & alternative use
4M · Hilo, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.1M
+175.3%
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 Hilo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilo 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
$6,815,000
ML approach
$6,865,000
CAP Approach
CAP Return
Estimation
6%
$4,965,000
6.5%
$4,580,000
7%
$4,255,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,085,000
Change: +175% · Conversion: Moderate
Blend value · Realmo final
$6.56M
Range $5.90M – $7.21M · ±10% · vs last sale $6.27M (Nov 6 2023)
Last sale anchor
$6.27M
Nov 6 2023
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
$415 / 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
$21,122
Tax year 2023
Assessed value
$1,974,000
Assessed 2024
Previous assessed
$1,974,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$729,600
Assessed improvement
$1,244,400
Land market value
$729,600
Improvement market value
$1,244,400
Total market value
$1,974,000
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
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1962
Construction
MIXED
Heating
NONE
Stories
1
Units
1
Bathrooms
12
Total area
15,780 SF
Lot
1.01 ac (44,164 SF)
Zoning code
4M
APN
3-2-2-050-091
UPID
US24-0310386
Jurisdiction
HAWAII
Zoning & alternative use
4M · Hilo, HI
Zoning 4M · permitted uses
4M · Hilo, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
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
1962
Construction
MIXED
Heating
NONE
Stories
1
Units
1
Bathrooms
12
Lot
1.01 ac
Current owner
From public records · entity-resolved
Hawaii Sheetmetal & Mechanical INC
Entity
Mailing address
2610 KILIHAU ST, HONOLULU, HI 96819-2020
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
—
Hawaii Sheetmetal & Mechanical INC
Goodwill Beretania Center LLC
Release/satis. Of Agrem. Of Sale (leasehold)
related
—
Oct 17, 2023
$6,265,000
Goodwill Beretania Center LLC
S Ikeda Factory
Warranty Deed
—
Jan 11, 2017
—
S Ikeda Factory Ltd
—
Deed
related
$510,000 · First Hawaiian Bk
Feb 12, 2013
$350,000
Hawaii Sheetmetal & Mechanical
S Ikeda Factory Ltd
Grant Deed
—
Dec 20, 2006
—
S Ikeda Factory Ltd
—
Trustees Deed
related
$500,000 · First Hawaiian Bank
—
—
S Ikeda Factory Ltd
—
Deed Of Trust
related
$510,000 · First Hawaiian Bk
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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