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Property profile & analytics
FOR LEASE
Hotels
227 Lewers St, Honolulu, HI 96830
Trust Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0160847
For Lease
1 / 8
Contact for pricing
227 Lewers St, Honolulu, HI 96830
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Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1958
Total area
91,203 SF
Lot
1.09 ac (47,317 SF)
Zoning code
U/X6/20
APN
1-2-6-002-027
UPID
US24-0160847
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
-
Club Wyndham at Waikiki Beach Walk Hotel & Motel Resort
-
Waikiki Business Improvement District Association / Organization
-
Pull-in Honolulu (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Taormina Sicilian Cuisine Restaurant
-
Honolulu Cookie Company (Bike/Boat/Book/etc) Store Bakery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$78.55M
Blend (final)
Blend
$73.01M
Owner & transaction history
Gonzales Family Trust · 8 yrs held
Gonzales Family Trust
since 2018
7 recorded transactions
Zoning & alternative use
U/X6/20 · Honolulu, 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 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
Alternative Use
Use
Estimation
HOTEL/MOTEL
$78,550,000
Current use
COMMERCIAL (GENERAL)
$63,335,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$73.01M
Range $65.70M – $80.31M · ±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
$800 / 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
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
Hotels
Use group
HOTEL-RESORT
Status
For Lease
Year built
1958
Heating
NONE
Stories
1
Bathrooms
11
Total area
91,203 SF
Lot
1.09 ac (47,317 SF)
Zoning code
U/X6/20
APN
1-2-6-002-027
UPID
US24-0160847
Jurisdiction
HONOLULU
Zoning & alternative use
U/X6/20 · Honolulu, HI
Zoning U/X6/20 · permitted uses
U/X6/20 · 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
HOTEL/MOTEL Current
Est. value
$78.6M
COMMERCIAL (GENERAL)
Est. value
$63.3M
HOTEL/MOTEL 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
1958
Heating
NONE
Stories
1
Bathrooms
11
Lot
1.09 ac
Current owner
From public records · entity-resolved
Gonzales Family Trust
Trust
Free & Clear · 8 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
32 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2018
—
Gonzales Family Trust
Gonzales,family Tr (pt)
Quit Claim Deed
related
—
Jun 18, 2018
—
Wyndham Vacation Resorts INC
—
Deed
related
—
Feb 3, 2010
—
City & Cnty Of Honolulu
Wyndham Vacation Resorts INC
Grant Deed
related
—
May 18, 2009
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Mar 7, 2008
$18,200
Robin L Lowe
Wyndham Vacation Resorts INC
Grant Deed
related
$12,927 · Wyndham Vacation Resorts
Feb 15, 2008
$18,090
Miguel A Palacios
Wyndham Vacation Resorts INC
Grant Deed
related
$12,927 · Wyndham Vacation Resorts
Feb 15, 2008
$76,630
Francisco A Gonzalez
Fairfield Resorts INC
Grant Deed
related
—
Feb 15, 2008
$192,090
Richard A Phillips
Wyndham Vacation Resorts INC
Grant Deed
related
—
Feb 15, 2008
$15,950
Philip J Gallipo
Wyndham Vacation Resorts INC
Grant Deed
related
$12,567 · Wyndham Vacation Resorts
Feb 15, 2008
$55,080
Peter L Leong
Wyndham Vacation Resorts INC
Grant Deed
related
$8,935 · Wyndham Vacation Resorts
Feb 15, 2008
$22,430
David Fingers
Wyndham Vacation Resorts INC
Grant Deed
related
$16,707 · Wyndham Vacation Resorts
Feb 15, 2008
$183,720
Kirk R Dise
Wyndham Vacation Resorts INC
Grant Deed
related
$114,039 · Wyndham Vacation Resorts
Feb 15, 2008
$160,410
Carlos J Aguilar
Fairfield Resorts INC
Grant Deed
related
—
Feb 15, 2008
$71,830
Ervin Nadler
Wyndham Vacation Resorts INC
Grant Deed
related
—
Feb 15, 2008
$53,110
Jeremy M Abiva
Wyndham Vacation Resorts INC
Grant Deed
related
—
Feb 15, 2008
$17,250
John E Vargas
Wyndham Vacation Resorts INC
Grant Deed
related
$12,927 · Wyndham Vacation Resorts
Feb 15, 2008
$42,130
Damon T Wei
Wyndham Vacation Resorts INC
Grant Deed
related
$17,829 · Wyndham Vacation Resorts
Feb 15, 2008
$33,320
Roy B Woods
Wyndham Vacation Resorts INC
Grant Deed
related
$20,559 · Wyndham Vacation Resorts
Feb 15, 2008
$22,970
Christopher J Debesis
Fairfield Resorts INC
Grant Deed
related
—
Feb 15, 2008
$58,210
Stewart,marlee M
Wyndham Vacation Resorts INC
Grant Deed
related
—
Feb 15, 2008
$66,300
Therryll A Leblanc
Wyndham Vacation Resorts INC
Grant Deed
related
$32,876 · Wyndham Vacation Resorts
Feb 15, 2008
$42,470
Seigen Hung-roberts
Wyndham Vacation Resorts INC
Grant Deed
related
$16,087 · Wyndham Vacation Resorts
Feb 15, 2008
$27,090
John T Seifert
Wyndham Vacation Resorts INC
Grant Deed
related
$22,197 · Wyndham Vacation Resorts
Feb 15, 2008
$21,190
Linda L Hanley
Wyndham Vacation Resorts INC
Grant Deed
related
$15,807 · Wyndham Vacation Resorts
Feb 15, 2008
$89,020
James R Lair
Wyndham Vacation Resorts INC
Grant Deed
related
$53,118 · Wyndham Vacation Resorts
Oct 31, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Oct 26, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Nov 13, 2006
$42,140
Jack D Laymon III
Fairfield Resorts INC
Grant Deed
related
$34,347 · Fairfield Resorts INC
Nov 7, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jan 19, 2005
$12,000,000
Fairfield Resorts INC
Outrigger Hotels Hawaii
Warranty Deed
—
Jul 2, 2002
$5,630,000
Outrigger Hotels Hawaii
Central Pacific Bank Trustee
Grant Deed
—
—
—
Wyndham Vacation Resorts INC
—
Deed Of Trust
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.
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