Sign Up Successful!
You now have access to more from Realmo!
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

    2028 Dillingham Blvd Honolulu, HI 96819-4009

    • Warehouses
    • 4,727 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    May 09, 2024
    Value Estimations
    $1,835,000
    Show details
    Cap Rate Potential
    4%
    Warehouses
    Location Intelligence
    Property ID
    US24-0560647
    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

    • '/Kestem Stylz / Gold Dealer
    • GO DIRECT PROPERTIES LLC / Property Management Company

    Property Details for 2028 Dillingham Blvd

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    4,727 SF
    Zone code
    BMX-3 BUS MIXED USE-CMNTY
    Property type
    Warehouses
    APN
    1-1-2-010-075
    APU
    112010075

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,852,000
      Market price range: $550k - $1.91M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,310,000
      Current use
      COMMERCIAL (GENERAL)
      $1,925,000
      Change: +47% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.882
    Latitude
    21.3295
    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
    $32,884
    $2,360,700
    $294,400
    $2,655,100
    -
    $2,360,700
    $294,400
    $2,655,100

    Comparable in this City

    • Value Estimation
      $2,330,000
      11,450 SF

      212 Mohonua Pl

      WAREHOUSE, STORAGE • 11,450 SF
      212 Mohonua Pl, Honolulu, HI 96819-2265
      View Details
    • Value Estimation
      $2,940,000
      10,920 SF

      148 Mokauea St

      WAREHOUSE, STORAGE • 10,920 SF
      148 Mokauea St, Honolulu, HI 96819-3161
      View Details
    • Value Estimation
      $705,000
      6,636 SF

      109 Mokuea Pl

      WAREHOUSE, STORAGE • 6,636 SF
      109 Mokuea Pl, Honolulu, HI 96819-1847
      View Details
    • Value Estimation by Request
      241 SF

      90 Nakolo Pl

      WAREHOUSE, STORAGE • 241 SF
      90 Nakolo Pl, Honolulu, HI 96819-1860
      View Details
    • Value Estimation by Request
      1,255 SF

      Lagoon Dr

      WAREHOUSE, STORAGE • 1,255 SF
      Lagoon Dr, Honolulu, HI 96819
      View Details
    • Value Estimation by Request
      1,247 SF

      18 Lagoon Dr

      WAREHOUSE, STORAGE • 1,247 SF
      18 Lagoon Dr, Honolulu, HI 96819-1813
      View Details

    Similar Nearby for Sale

    • $5,495,000

      Honolulu Multi-Tenant Office and Warehouse

      Well-maintained multi-tenant office building and high-cube warehouse for sale.
      2045 Kamehameha Iv Rd, Honolulu, HI 96819
      View Details
    • $1,750,000

      Honolulu Warehouse For Sale

      Tenant-occupied warehouse property available for purchase in Honolulu.
      1923 Democrat St, Honolulu, HI 96819
      View Details
    • $2,750,000

      Kalihi Warehouse with Fenced Yard

      Honolulu warehouse space with mezzanine office and convenient access.
      2110 Auiki St, Honolulu, HI 96819
      View Details
    • $4,000,000
      27,027 SF

      Sand Island Warehouse with Yard

      Large lot with warehouse and office space for sale.
      1002 Puuwai St, Honolulu, HI 96819
      View Details
    • Contact for pricing

      Kalihi Industrial Property For Sale

      I-1 zoned property in Kalihi with flexible industrial/commercial uses.
      1924 Democrat St, Honolulu, HI 96819
      View Details
    • Contact for pricing
      5,000 SF

      Honolulu Industrial Warehouse For Lease

      High-cube warehouse, excellent location.
      2010 Democrat St, Honolulu, HI 96819
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,856 SF

      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
      21,240 SF

      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
      3,767 SF

      Mapunapuna Submarket Ground Lease Opportunity

      35,000 SF lot with office and warehouse space.
      659 Ahua St, Honolulu, HI 96819
      View Details
    • $1.55 SF/Yr
      7,815 SF

      Honolulu Warehouse Space Available

      7,815 square foot warehouse space for lease in Honolulu.
      330 Sand Island Access Rd, Honolulu, HI 96819
      View Details
    • Contact for pricing
      16,400 SF

      Warehouse and Office Space Available

      16,400 SF warehouse/office space for lease in Mapunapuna.
      669 Ahua St, Honolulu, HI 96819
      View Details
    • Contact for pricing
      9,696 SF

      Mapunapuna Industrial Lot For Lease

      35,000 SF lot with office and warehouse space available.
      673 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.
    2028 Dillingham Blvd
    Honolulu, HI 96819-4009
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.