Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1922 Kahai St Honolulu, HI 96819-4925

    • Residential income homes
    • 2,160 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2023
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US24-0374637
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1922 Kahai St

    Year built
    1976
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    2,160 SF
    Zone code
    I-2
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    1-1-2-008-085
    APU
    112008085

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $715,000
      6.5%
      $660,000
      7%
      $615,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $890,000
      Current use
      COMMERCIAL (GENERAL)
      $880,000
      Change: -1% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.886
    Latitude
    21.3245
    CBSA code
    46520
    CBSA name
    URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,221
    $1,300,000
    $194,400
    $1,494,400
    -
    $1,300,000
    $194,400
    $1,494,400

    Comparable in this City

    • Value Estimation
      $600,000
      2,880 SF

      1923 Kalani St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,880 SF
      1923 Kalani St, Honolulu, HI 96819-3218
      View Details
    • Value Estimation
      $560,000
      2,096 SF

      1822 Kalani St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,096 SF
      1822 Kalani St, Honolulu, HI 96819-3212
      View Details
    • Value Estimation
      $1,340,000
      4,684 SF

      2908 Kamehameha Hwy

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,684 SF
      2908 Kamehameha Hwy, Honolulu, HI 96819-2057
      View Details
    • Value Estimation by Request
      2,320 SF

      911 Kopke St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,320 SF
      911 Kopke St, Honolulu, HI 96819-3385
      View Details
    • Value Estimation
      $700,000
      3,752 SF

      1803 Democrat St, Unit A

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,752 SF
      1803 Democrat St, Honolulu, HI 96819-3197
      View Details
    • Value Estimation
      $765,000
      4,056 SF

      2135 Eluwene St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,056 SF
      2135 Eluwene St, Honolulu, HI 96819-2352
      View Details

    Similar Nearby for Sale

    • $5,590,000

      Mixed-Use Property in Kalihi Valley

      Two-story building with commercial and residential units in Honolulu.
      3075 Kalihi St, Honolulu, HI 96819
      View Details
    • $1,995,000

      Industrial-Zoned Investment Property

      Industrial-zoned property with renovated residential units and versatile industrial space.
      1768 Silva St, Honolulu, HI 96819
      View Details
    • New
      $2,140,000

      Honolulu Multifamily Property on Large Lot

      Multiple single-level wooden houses with long-term tenants in Honolulu.
      1424 Gulick Ave, Honolulu, HI 96819
      View Details
    • $1,649,400
      0.14 Acres

      Kalihi Fourplex: Investment Opportunity

      Family-owned fourplex in Kalihi, a solid investment opportunity.
      1636 Kahai St, Honolulu, HI 96819
      View Details
    • $3,600,000

      Multifamily Opportunity in Honolulu

      Two-parcel multifamily property with 12 units and reliable cash flow.
      1611 Kahai St, Honolulu, HI 96819
      View Details
    • New
      $1,170,000

      Honolulu Multifamily Property with Lanai

      Two-story, four-unit multifamily property with lanais and parking.
      910 Factory St, Honolulu, HI 96819
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Kalihi Retail Space For Rent

      Retail space with high visibility and ample parking available now.
      2046 N King St, Honolulu, HI 96819
      View Details
    • $2 SF/Yr

      Prime Kalihi Retail Space Available

      Retail space with excellent visibility in prime Kalihi location.
      1935-1947 N King St, Honolulu, HI 96819
      View Details
    • Contact for pricing

      Honolulu Hi-Cube Warehouse with Yard

      21,240sf warehouse with yard/parking and loading dock.
      645 Ahua St, Honolulu, HI 96819
      View Details
    • Contact for pricing

      Honolulu Industrial Ground Lease Opportunity

      Long-term ground lease near Honolulu Airport and Harbor.
      685 Ahua St, Honolulu, HI 96819
      View Details
    • Contact for pricing
      114,296 SF

      Airport Center Office Building

      Honolulu Office Space Near Airport
      3049 Ualena St, Honolulu, HI 96819
      View Details
    • Contact for pricing

      Mapunapuna Submarket Ground Lease Opportunity

      35,000 SF lot with office and warehouse space.
      659 Ahua St, Honolulu, HI 96819
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1922 Kahai St
    Honolulu, HI 96819-4925
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!