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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Showrooms
203 Kekuanaoa St Hilo, HI 96720-4361
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US24-0299613
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1952
Construction
STEEL FRAME
Total area
21,000 SF
Lot
2.95 ac (128,285 SF)
Zoning code
4M
APN
3-2-2-053-024
UPID
US24-0299613
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
$4.85M
CAP Approach
CAP
$6.10M
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$4.78M
Owner & transaction history
Boschetti Giampaolo · 4 yrs held
Boschetti Giampaolo
since 2022
Last sale
$4.7M
4 recorded transactions
Zoning & alternative use
4M · Hilo, 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 Hilo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilo 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
$4,855,000
ML approach
$4,850,000
CAP Approach
CAP Return
Estimation
6%
$6,605,000
6.5%
$6,095,000
7%
$5,660,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,910,000
Current use
Blend value · Realmo final
$4.78M
Range $4.30M – $5.25M · ±10% · vs last sale $4.70M (Apr 26 2022)
Last sale anchor
$4.70M
Apr 26 2022
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
$227 / 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
$35,392
Tax year 2023
Assessed value
$3,307,700
Assessed 2024
Previous assessed
$3,307,700
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,123,200
Assessed improvement
$2,184,500
Land market value
$1,123,200
Improvement market value
$2,184,500
Total market value
$3,307,700
Applied tax rate
3.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1952
Construction
STEEL FRAME
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
21,000 SF
Lot
2.95 ac (128,285 SF)
Zoning code
4M
APN
3-2-2-053-024
UPID
US24-0299613
Jurisdiction
HAWAII
Zoning & alternative use
4M · Hilo, HI
Zoning 4M · permitted uses
4M · Hilo, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
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
1952
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
2.95 ac
Current owner
From public records · entity-resolved
Boschetti Giampaolo
Individual
Mailing address
3939 OLD PALI RD, HONOLULU, HI 96817-1001
Ownership since
2022
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
Apr 26, 2022
$4,700,000
Boschetti Giampaolo
Hsc INC
Warranty Deed
$3,525,000 · Bank Of Hawaii
May 31, 2011
—
Hsc INC
—
Deed Of Trust
related
$1,407,156 · First Hawaiian Bank
Apr 6, 2010
—
Hsc INC
—
Deed Of Trust
related
$1,600,000 · Central Pacific Bank
—
—
Hsc INC
—
Deed Of Trust
related
$200,000 · Central Pacific 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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