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Property profile & analytics
OFF-MARKET
Estimated value
$5,240,000
Warehouses
1804 Hart St Honolulu, HI 96819-3204
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US24-0388308
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,500 SF
Lot
0.27 ac (11,648 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-1-2-003-077
UPID
US24-0388308
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
-
WindowWorld Inc. (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.22M
CAP Approach
CAP
$3.56M
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$5.24M
Owner & transaction history
Window World · 6 yrs held
Window World
since 2020
Last sale
$6.9M
4 recorded transactions
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Article 2
Top alternative use upside
Apartment house (5+ units)
$6.0M
+48.5%
Commercial (general)
$5.9M
+47.1%
Industrial (general)
$5.9M
+46.8%
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
$5,360,000
ML approach
$5,215,000
CAP Approach
CAP Return
Estimation
6%
$3,850,000
6.5%
$3,555,000
7%
$3,300,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,015,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,960,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,910,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,895,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$5.24M
Range $4.72M – $5.76M · ±10% · vs last sale $6.85M (Mar 27 2020)
Last sale anchor
$6.85M
Mar 27 2020
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
$361 / 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
$63,793
Tax year 2023
Assessed value
$5,176,600
Assessed 2024
Previous assessed
$5,176,600
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,796,100
Assessed improvement
$2,380,500
Land market value
$2,796,100
Improvement market value
$2,380,500
Total market value
$5,176,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
12
Total area
14,500 SF
Lot
0.27 ac (11,648 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-1-2-003-077
UPID
US24-0388308
Jurisdiction
HONOLULU
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Honolulu, HIZoning IMX-1 IND-COMM MIXED USE · permitted uses
IMX-1 IND-COMM MIXED USE · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Article 2
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.9M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
12
Lot
0.27 ac
Current owner
From public records · entity-resolved
Window World
Individual
Mailing address
1804 HART ST, HONOLULU, HI 96819-3204
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2020
$13,700,000
Window World
Arthur M Shintani
Grant Deed
$7,269,251 · Bank Of Hi
—
—
Arthur M Shintani Trustee
—
Deed Of Trust
related
$800,000 · Central Pacific Bank
—
—
Marc T Miyahira
—
Deed Of Trust
related
$125,000 · Hawaii National Bank
—
—
Arthur M Shintani
—
Deed Of Trust
related
$100,000 · First Hawaiian Bank
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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