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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Residential income homes
1806 Algaroba St, Honolulu, HI 96826-2604
Entity Owned
4-yr Hold
Property ID
US24-0173117
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,976 SF
Lot
0.07 ac (3,002 SF)
Zoning code
BMX-3
APN
1-2-3-028-012
UPID
US24-0173117
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
$505k
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$827k
Blend (final)
Blend
$825k
Owner & transaction history
Sjb Algaroba LLC · 4 yrs held
Sjb Algaroba LLC
since 2021
Last sale
$780,000
7 recorded transactions
Zoning & alternative use
BMX-3 · Honolulu, 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 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
$505,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,320,000
Current use
COMMERCIAL (GENERAL)
$1,095,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $780k (Dec 28 2021)
Last sale anchor
$780k
Dec 28 2021
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
$277 / 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
$13,182
Tax year 2023
Assessed value
$1,102,000
Assessed 2024
Previous assessed
$1,102,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$910,400
Assessed improvement
$191,600
Land market value
$910,400
Improvement market value
$191,600
Total market value
$1,102,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Units
1
Bathrooms
12
Total area
2,976 SF
Lot
0.07 ac (3,002 SF)
Zoning code
BMX-3
APN
1-2-3-028-012
UPID
US24-0173117
Jurisdiction
HONOLULU
Zoning & alternative use
BMX-3 · Honolulu, HI
Zoning BMX-3 · permitted uses
BMX-3 · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Honolulu. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Units
1
Bathrooms
12
Lot
0.07 ac
Current owner
From public records · entity-resolved
Sjb Algaroba LLC
Entity
Mailing address
5820 BROADWELL DR, PLANO, TX 75093-4717
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
$1,000
Sjb Algaroba LLC
Cuong Hoang Tran
Quit Claim Deed
related
—
Nov 3, 2021
$1,000
Sjb Algaroba LLC
Cuong Hoang Tran
Quit Claim Deed
related
—
Feb 29, 2012
$780,000
Cuong H Tran
Nagatani,linda
Warranty Deed
—
Dec 1, 2011
—
Linda H Nagatani
Nagatani Linda H Trust
Quit Claim Deed
related
—
Jan 21, 2009
$1,000
Sato Mary K Trust
Nagatani Linda H Trust
Grant Deed
related
—
Apr 28, 2008
—
Nagatani Linda H Trust
Sato Mary K U S Trust
Grant Deed
related
—
Apr 28, 2008
$1,000
Sato Mary K Trust
Nagatani Linda H U Trust
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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