Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2444 Kalakaua Ave Honolulu, HI 96815

    • Parking lots & garages
    • 176,687 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    May 21, 2025
    Value Estimations
    $415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US24-0320523
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 2444 Kalakaua Ave

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    0.23 lot acres
    Property size
    176,687 SF
    Zone code
    U/X6/20
    Property type
    Parking lots & garages
    APN
    1-2-6-023-005
    APU
    126023005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.825
    Latitude
    21.2753
    CBSA code
    46520
    CBSA name
    URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $530,829
    $27,170,000
    $12,332,400
    $39,502,400
    -
    $27,170,000
    $12,332,400
    $39,502,400

    Comparable in this City

    • Value Estimation by Request

      2211 Ala Wai Blvd, Unit PKG

      RESIDENTIAL PARKING GARAGE
      2211 Ala Wai Blvd, Honolulu, HI 96815-2440
      View Details
    • Value Estimation by Request

      134 Kapahulu Ave

      RESIDENTIAL PARKING GARAGE
      134 Kapahulu Ave, Honolulu, HI 96815-4014
      View Details
    • Value Estimation by Request

      2211 Ala Wai Blvd, Unit PKG

      RESIDENTIAL PARKING GARAGE
      2211 Ala Wai Blvd, Honolulu, HI 96815-2440
      View Details
    • Value Estimation by Request

      2211 Ala Wai Blvd

      RESIDENTIAL PARKING GARAGE
      2211 Ala Wai Blvd, Honolulu, HI 96815-2437
      View Details
    • Value Estimation
      $1,205,000
      264,109 SF

      1765 Ala Moana Blvd, Unit GAR1

      PARKING GARAGE, PARKING STRUCTURE • 264,109 SF
      1765 Ala Moana Blvd, Honolulu, HI 96815-1435
      View Details
    • Value Estimation by Request

      2211 Ala Wai Blvd

      RESIDENTIAL PARKING GARAGE
      2211 Ala Wai Blvd, Honolulu, HI 96815-2437
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Waikiki Restaurant Space For Sale

      2,295 SF restaurant space in the heart of Waikiki.
      444 C7, Honolulu, HI 96815
      View Details
    • $5,400,000
      3,936 SF

      Waikiki Storefront Investment Opportunity

      Prime Waikiki location, 3,936 SF, $5.4M
      1980 Kalākaua Ave, Honolulu, HI 96815
      View Details
    • $6,000,000
      4,333 SF

      Waikiki Retail Gem: Prime Location

      Iconic Waikiki building, redevelopment opportunity.
      1988 Kalākaua Ave, Honolulu, HI 96815
      View Details
    • $1,888,000

      Waikiki Land with Development Potential

      5,000 sq ft lot in Waikiki Special District.
      419 Pau St, Honolulu, HI 96815
      View Details
    • New
      $3,900,000

      Four Homes Near Diamond Head

      Rental investment property near Kapiolani Park and Kahala Mall.
      3331 Hayden St, Honolulu, HI 96815
      View Details
    • $225,000
      680 SF

      Hobron Lane Commercial Space

      Honolulu Office/Retail Opportunity
      400 Hobron Ln, Honolulu, HI 96815
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,938 SF

      Waikiki Galleria Tower Office Space

      Prime Waikiki Office Suites Available
      2222 Kalākaua Ave, Honolulu, HI 96815
      View Details
    • Contact for pricing
      11,276 SF

      Waikiki Beachfront Retail Spaces

      Prime Waikiki location, two cafe spaces available.
      2556 Lemon Rd, Honolulu, HI 96815
      View Details
    • Contact for pricing
      54,040 SF

      Waikiki Beachfront Executive Suites

      Prime Waikiki Office & Retail Space Available
      2552 Kalākaua Ave, Honolulu, HI 96815
      View Details
    • Contact for pricing
      70 SF

      Waikiki Retail Kiosk Space

      Prime Waikiki location, 70 sq ft kiosk.
      5 Dukes Ln, Honolulu, HI 96815
      View Details
    • Contact for pricing
      19,225 SF

      Waikiki Retail Space Available

      Prime Waikiki location, multiple suites
      325 Seaside Ave, Honolulu, HI 96815
      View Details
    • Contact for pricing
      4,150 SF

      Kapahulu Ave Retail Space For Lease

      Prime Honolulu Retail, Multiple Tenancy
      415 Kapahulu Ave, Honolulu, HI 96815
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2444 Kalakaua Ave
    Honolulu, HI 96815
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.