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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Parking lots & garages
1703 Bingham St Honolulu, HI 96826
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0011838
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2013
Construction
CONCRETE
Total area
337,406 SF
Lot
1.11 ac (48,206 SF)
Zoning code
A-2
APN
1-2-8-011-005
UPID
US24-0011838
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
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$898k
Blend (final)
Blend
$660k
Owner & transaction history
Hawaii Pacific Health · 20 yrs held
Hawaii Pacific Health
since 2005
1 recorded transaction
Zoning & alternative use
A-2 · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
for low density, multifamily dwellings. It may be applied as a buffer between residential districts and other more intense, noncompatible districts. It would be applicable throughout the city. (c) The intent of the A-2 medium density apartment district is to provide areas for medium density, multifamily dwellings. It is intended primarily for concentrated ur…
Zone name
Medium Density Apartment District
General category
RESIDENTIAL
Zone area
1,261.99 ac
Source
Article 2
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 Honolulu submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Honolulu 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$2 / 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
$178,685
Tax year 2023
Assessed value
$35,206,400
Assessed 2024
Previous assessed
$36,930,100
-4.7% YoY
Effective rate
0.51%
On assessed value
Assessed land
$11,238,400
Assessed improvement
$23,968,000
Land market value
$11,238,400
Improvement market value
$23,968,000
Total market value
$35,206,400
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
NONE
Buildings
2
Stories
17
Bathrooms
12
Total area
337,406 SF
Lot
1.11 ac (48,206 SF)
Zoning code
A-2
APN
1-2-8-011-005
UPID
US24-0011838
Jurisdiction
HONOLULU
Zoning & alternative use
A-2 · Honolulu, HIZoning A-2 · permitted uses
A-2 · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
for low density, multifamily dwellings. It may be applied as a buffer between residential districts and other more intense, noncompatible districts. It would be applicable throughout the city. (c) The intent of the A-2 medium density apartment district is to provide areas for medium density, multifamily dwellings. It is intended primarily for concentrated urban areas where public services are centrally located and infrastructure ca
Zone name
Medium Density Apartment District
General category
RESIDENTIAL
Zone area
1,261.99 ac
Source
Article 2
Building & site characteristics
From public records
Year built
2013
Construction
CONCRETE
Heating
NONE
Stories
17
Buildings
2
Bathrooms
12
Lot
1.11 ac
Current owner
From public records · entity-resolved
Hawaii Pacific Health
Individual
Free & Clear · 20 yrs held
Mailing address
55 MERCHANT ST FL #27, HONOLULU, HI 96813-4333
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2005
$6,200,000
Hawaii Pacific Health
Shingon Shu Hawaii
Warranty 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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