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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Warehouses
2028 Dillingham Blvd Honolulu, HI 96819-4009
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0560647
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,727 SF
Lot
0.25 ac (10,974 SF)
Zoning code
BMX-3 BUS MIXED USE-CMNTY
APN
1-1-2-010-075
UPID
US24-0560647
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
-
'/Kestem Stylz Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
GO DIRECT PROPERTIES LLC Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.77M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.84M
Owner & transaction history
Dh Auto LLC · 3 yrs held
Dh Auto LLC
since 2023
5 recorded transactions
Zoning & alternative use
BMX-3 BUS MIXED USE-CMNTY · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+47.1%
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
$1,885,000
ML approach
$1,770,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,310,000
Current use
COMMERCIAL (GENERAL)
$1,925,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±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
$388 / 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
$32,884
Tax year 2023
Assessed value
$2,655,100
Assessed 2024
Previous assessed
$2,655,100
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$2,360,700
Assessed improvement
$294,400
Land market value
$2,360,700
Improvement market value
$294,400
Total market value
$2,655,100
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Total area
4,727 SF
Lot
0.25 ac (10,974 SF)
Zoning code
BMX-3 BUS MIXED USE-CMNTY
APN
1-1-2-010-075
UPID
US24-0560647
Jurisdiction
HONOLULU
Zoning & alternative use
BMX-3 BUS MIXED USE-CMNTY · Honolulu, HI
Zoning BMX-3 BUS MIXED USE-CMNTY · permitted uses
BMX-3 BUS MIXED USE-CMNTY · 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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE 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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Lot
0.25 ac
Current owner
From public records · entity-resolved
Dh Auto LLC
Entity
Mailing address
2232 KAMEHAMEHA HWY, HONOLULU, HI 96819-2308
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2023
$2,800,000
Dh Auto LLC
Robert W Teixeira
Deed
$2,240,000 · First Hawaiian Bank
Jan 26, 2007
$450,000
Craven & Griffin LLC
Griffin,stephen W
Grant Deed
related
—
Nov 1, 2004
$260,000
Stephen W Griffin
Leandro,henry H
Grant Deed
$195,000 · First Hawaiian Bank
Nov 1, 2004
—
Loren Pieterson
Goodwill Industries Of Honolul
Grant Deed
related
—
Jul 17, 2002
$85,000
Peiterson LP
Loren Peiterson
—
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.
Try Rey
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