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Property profile & analytics
OFF-MARKET
Hotels
2424 Kalakaua Ave, Honolulu, HI 96815-3233
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US24-0399284
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Lot
0.4 ac (17,455 SF)
Zoning code
U/X6/20
APN
1-2-6-023-011
UPID
US24-0399284
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
-
Cesere Brothers Photography Art Gallery
-
Kintetsu International Hawaii Company Tour Desk Travel Agency
-
Crazy Shirts Clothing Store Men'S Clothing Store
-
Martin Benedek Enterprises Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Maps Hotels And Resorts Hawaii 2 Ll · 1 yrs held
Maps Hotels And Resorts Hawaii 2 Ll
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$621,431
Tax year 2023
Assessed value
$47,425,200
Assessed 2024
Previous assessed
$47,425,200
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$47,425,200
Land market value
$47,425,200
Total market value
$47,425,200
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-RESORT
Status
Off-Market
Heating
NONE
Lot
0.4 ac (17,455 SF)
Zoning code
U/X6/20
APN
1-2-6-023-011
UPID
US24-0399284
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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.4 ac
Current owner
From public records · entity-resolved
Maps Hotels And Resorts Hawaii 2 Ll
Individual
Mailing address
2424 N KALAKAUA AVE STE #600, HONOLULU, HI 96815-3233
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
—
Maps Hotels And Resorts Hawaii 2 Ll
Maps Waikiki Hotel LLC
Lease
—
Sep 16, 2016
—
Maps Waikiki Hotel LLC
Bre Waikiki Owner LLC
Grant Deed
$400,000,000 · Jp Morgan Chase Bk
Dec 27, 2012
—
W2007 Wkh Owner LLC
Bea Investments LLC
Grant Deed
related
—
Mar 31, 2011
$42,499,000
Bea Investments LLC
C K Nevada LLC
Grant Deed
related
$28,000,000 · Bank Of Hi
Feb 6, 2009
—
W2007 Wkh Owner LLC
—
Deed Of Trust
related
$277,500,000 · Sdi INC
Oct 9, 2008
—
Ck Nevada LLC
—
Deed Of Trust
related
$22,687,000 · First Hawaiian Bank
Sep 15, 2008
—
W2007 Wkh Hotel Trust INC
W2007 Wkh Owner LLC
Quit Claim Deed
related
—
Jul 30, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 14, 2008
—
Azabu Newco INC
Azabu Buildings Co Ltd
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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