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Property profile & analytics
OFF-MARKET
Estimated value
$3,475,000
Gas stations
2105th S King St Honolulu, HI 96826-3274
Entity Owned
5-yr Hold
Free & Clear
Property ID
US24-0149926
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,431 SF
Lot
0.37 ac (15,986 SF)
Zoning code
BMX-3
APN
1-2-7-007-012
UPID
US24-0149926
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.48M
Owner & transaction history
Mdc Coast Hi 1 LLC · 5 yrs held
Mdc Coast Hi 1 LLC
since 2021
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
BMX-3 · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
272 (d) Use Regulations. (1) Permitted uses and structures for all zoning districts other than the BMX-4 central business mixed use district may be any of those uses permitted in the BMX-3 community business mixed use district; except that a hotel is not permitted on any zoning lot unless it is otherwise in compliance with the standards enumerated by Section…
Zone name
Community Business Mixed Use District
General category
MIXED_USE
Zone area
545.96 ac
Source
Article 2
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±10% · vs last sale $5.97M (Feb 25 2021)
Last sale anchor
$5.97M
Feb 25 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
$2,428 / 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
$61,273
Tax year 2023
Assessed value
$4,491,900
Assessed 2024
Previous assessed
$4,941,400
-9.1% YoY
Effective rate
1.36%
On assessed value
Assessed land
$4,375,100
Assessed improvement
$116,800
Land market value
$4,375,100
Improvement market value
$116,800
Total market value
$4,491,900
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Bathrooms
12
Total area
1,431 SF
Lot
0.37 ac (15,986 SF)
Zoning code
BMX-3
APN
1-2-7-007-012
UPID
US24-0149926
Jurisdiction
HONOLULU
Zoning & alternative use
BMX-3 · Honolulu, HIZoning 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
Zoning description
272 (d) Use Regulations. (1) Permitted uses and structures for all zoning districts other than the BMX-4 central business mixed use district may be any of those uses permitted in the BMX-3 community business mixed use district; except that a hotel is not permitted on any zoning lot unless it is otherwise in compliance with the standards enumerated by Section 21-5.360, or on a lot within the Convention
Zone name
Community Business Mixed Use District
General category
MIXED_USE
Zone area
545.96 ac
Source
Article 2
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Bathrooms
12
Lot
0.37 ac
Current owner
From public records · entity-resolved
Mdc Coast Hi 1 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2105 S KING ST, HONOLULU, HI 96826-2223
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2021
$5,970,416
Mdc Coast Hi 1 LLC
Par Pacific Hawaii Property Company
Limited Warranty Deed
—
Feb 24, 2021
—
Par Hawaii LLC
Par Pacific Hawaii Property Company
Release/satis. Of Agrem. Of Sale (leasehold)
related
—
Mar 29, 2019
$1,400,000
Par Pacific Hawaii Prop Co LLC
Mid Pac Petroleum LLC
Grant Deed
—
Mar 29, 2019
—
Mid Pac Petroleum LLC
Par Pacific Hawaii Prop Co LLC
Grant Deed
related
—
Apr 8, 2013
—
Mid Pac Petroleum LLC
—
Deed Of Trust
related
$7,500,000 · First Hawaiian Bank
Jan 11, 2013
$21,700,000
Mccully 2105 King LLC
T/m/f/i Partners
Grant Deed
—
Jan 11, 2013
$6,196,078
Mid Pac Petroleum LLC
Mccully 2105 King LLC
Grant Deed
—
Apr 17, 2012
$385,600
Tokumura Frances Y Living Trust
T/m/f/i Partners
Quit Claim Deed
related
—
Nov 21, 2008
$559,087
Psi Properties LLC
Ichida Patrick S Fam Trust
Grant Deed
—
May 13, 2008
—
May K Sofge
Ichida Marie M Trust
Grant Deed
related
—
—
—
Mid Pac Petroleum LLC
—
Deed Of Trust
related
$55,000,000 · Bank Of Hi
—
—
Mid Pac Petroleum LLC
—
Deed Of Trust
related
$115,000,000 · Keybank USA
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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