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Property profile & analytics
OFF-MARKET
Estimated value
$138,825,000
Hotels
2335 Kalakaua Ave, Honolulu, HI 96815-2946
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US24-0262854
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1967
Total area
330,238 SF
Lot
1.84 ac (80,289 SF)
Zoning code
U/X6/20
APN
1-2-6-002-017
UPID
US24-0262854
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
-
Outrigger Hotel Hotel & Motel
-
Beach public access Gym & Fitness Center
-
CocoNene (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$138.83M
Owner & transaction history
Outrigger Waikiki LLC · 1 yrs held
Outrigger Waikiki LLC
since 2024
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
COMMERCIAL (GENERAL)
$229,335,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$138.83M
Range $124.94M – $152.71M · ±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
$420 / 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
$4,089,959
Tax year 2023
Assessed value
$307,188,200
Assessed 2024
Previous assessed
$307,188,200
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$223,301,900
Assessed improvement
$83,886,300
Land market value
$223,301,900
Improvement market value
$83,886,300
Total market value
$307,188,200
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
Status
Off-Market
Year built
1967
Heating
NONE
Stories
19
Units
525
Bathrooms
12
Total area
330,238 SF
Lot
1.84 ac (80,289 SF)
Zoning code
U/X6/20
APN
1-2-6-002-017
UPID
US24-0262854
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
COMMERCIAL (GENERAL)
Est. value
$229.3M
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
1967
Heating
NONE
Stories
19
Units
525
Bathrooms
12
Lot
1.84 ac
Current owner
From public records · entity-resolved
Outrigger Waikiki LLC
Entity
Mailing address
2375 KUHIO AVE, HONOLULU, HI 96815-2939
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
Outrigger Waikiki LLC
—
Deed
related
$190,000 · Wells Fargo Bank NA
Sep 26, 2024
—
Outrigger Waikiki LLC
Queen Emma Land Co
Lease
—
Jul 5, 2024
$20,000,000
Outrigger Waikiki LLC
Outrigger Hotels Hawaii
Assignment Of Lease (leasehold Sale)
—
Jul 5, 2024
—
Outrigger Waikiki LLC
Queen Emma Land Co
Lease
$20,000,000 · Bank Of Hawaii
Jul 5, 2024
$206,468,065
Outrigger Waikiki LLC
Queen Emma Land Co
Lease
$20,000,000 · Bank Of Hawaii
Jul 1, 2024
—
Queen Emma Land Company
The Queens Medical Center
Intrafamily Transfer
related
—
Jun 25, 2024
—
Queen Emma Land Company
The Queens Medical Center
Intrafamily Transfer
related
—
Aug 9, 2023
—
Bank Of Hawaii
Outrigger Hotels Hawaii
Assignment Of Lease (leasehold Sale)
$20,000,000 · Bank Of Hawaii
Sep 7, 2017
—
Outrigger Hotels Hawaii
—
Loan Modification
related
$50,000,000 · Bank Of Hi
Apr 4, 2017
—
Outrigger Hotels Hawaii
—
Loan Modification
related
$40,000,000 · Bank Of Hi
Jun 30, 2009
—
Outrigger Ents INC
—
Grant Deed
related
$5,000,000 · Bank Of Hawaii
Feb 22, 2002
—
Outrigger Enterprises INC
—
Deed Of Trust
related
$150,000,000 · Bank Of Hawaii
—
—
Outrigger Hotels Hawaii
—
Loan Modification
related
$30,000,000 · Bank Of Hi
—
—
Outrigger Ents INC
—
Deed Of Trust
related
$45,000,000 · Bank Of Hawaii
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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