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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Commercial real estate
2329 King St Honolulu, HI 96819
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US24-0202181
Property summary
AI-generated overview
This exceptional 1.77-acre property at 2329 N King Street in Honolulu, Hawaii presents a significant development or owner-user opportunity. Strategically located adjacent to the New City Nissan dealership, this parcel includes a portion of a 36,024 square foot former supermarket structure situated on parcel 2 and neighboring parcel 5, featuring a substantial photovoltaic (PV) system. Three additional smaller structures totaling approximately 4,109 square feet are also included. The property is zoned BMX-3, allowing for a diverse range of commercial and residential uses, subject to a 200-foot height restriction. Its prime location offers unparalleled convenience, being within a half-mile radius of Middle Street rail and bus stations. Furthermore, it enjoys close proximity to the Daniel K. Inouye International Airport, Honolulu Harbor, and the Central Business District. Note that an additional ~6.24 acres (TMK: 1-1-2-14:49,62,63,64,82,83,93
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1961
Construction
CONCRETE
Total area
1,956 SF
Lot
1.77 ac (77,279 SF)
Zoning code
BMX-3
APN
1-1-2-015-002
UPID
US24-0202181
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
$1.32M
Blend (final)
Blend
$1.04M
Owner & transaction history
Central Pacific Bank · 2 yrs held
Central Pacific Bank
since 2024
4 recorded transactions
Zoning & alternative use
BMX-3 · 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
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$532 / 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
$149,610
Tax year 2023
Assessed value
$12,063,400
Assessed 2024
Previous assessed
$12,065,300
0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$11,962,300
Assessed improvement
$101,100
Land market value
$11,962,300
Improvement market value
$101,100
Total market value
$12,063,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
12
Total area
1,956 SF
Lot
1.77 ac (77,279 SF)
Zoning code
BMX-3
APN
1-1-2-015-002
UPID
US24-0202181
Jurisdiction
HONOLULU
Zoning & alternative use
BMX-3 · Honolulu, HI
Zoning 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
Honolulu. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
12
Lot
1.77 ac
Current owner
From public records · entity-resolved
Central Pacific Bank
Entity
Mailing address
220 S KING ST, HONOLULU, HI 96813-4530
Ownership since
2024
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
Mar 21, 2024
—
Central Pacific Bank
Rosebridge LLC
Assignment Of Lease (leasehold Sale)
$33,350,000 · Central Pacific Bank
May 2, 2005
$20,999,000
Rosebridge LLC
U Yamane Ltd
Trustees Deed
$19,900,000 · First Hawaiian Bk
May 2, 2005
—
Rosebridge LLC
U Yamane Ltd
Grant Deed
related
—
Oct 19, 2004
—
Record Owner
Owner,record
Quit Claim Deed
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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