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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Warehouses
2529 Makiki Hts Dr, Honolulu, HI 96822-2549
Trust Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0565876
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2010
Total area
5,952 SF
Lot
0.65 ac (28,292 SF)
Zoning code
R-10 RESIDENTIAL
APN
1-2-5-009-013
UPID
US24-0565876
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
$1.46M
Comparable Approach
Comparable
$804k
Blend (final)
Blend
$1.22M
Owner & transaction history
Michaud,ann H Trust · 10 yrs held
Michaud,ann H Trust
since 2015
7 recorded transactions
Zoning & alternative use
R-10 RESIDENTIAL · 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%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,655,000
Current use
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$205 / 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
$16,758
Tax year 2023
Assessed value
$5,469,500
Assessed 2024
Previous assessed
$5,469,500
+0.0% YoY
Effective rate
0.31%
On assessed value
Assessed land
$4,778,800
Assessed improvement
$690,700
Land market value
$4,778,800
Improvement market value
$690,700
Total market value
$5,469,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2010
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Rooms
2
Bathrooms
2
Total area
5,952 SF
Lot
0.65 ac (28,292 SF)
Zoning code
R-10 RESIDENTIAL
APN
1-2-5-009-013
UPID
US24-0565876
Jurisdiction
HONOLULU
Zoning & alternative use
R-10 RESIDENTIAL · Honolulu, HI
Zoning R-10 RESIDENTIAL · permitted uses
R-10 RESIDENTIAL · 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
WAREHOUSE, STORAGE Current
Est. value
$1.7M
WAREHOUSE, STORAGE Current
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
2010
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
2
Bathrooms
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Michaud,ann H Trust
Trust
Free & Clear · 10 yrs held
Mailing address
6415 S WANETA RD, SPOKANE, WA 99223-1741
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2015
—
Michaud,ann H Trust
Holt Daniel A F Trust
Quit Claim Deed
related
—
Nov 26, 2007
$2,600,000
Daniel A F Holt
Lee,sang C & Jung O
Warranty Deed
—
Jul 31, 2001
$1,530,000
Sang C Lee
Pearl Kai Corp
Grant Deed
$1,000,000 · Bank Of Hawaii
—
—
Sang C Lee
—
Deed Of Trust
related
$975,000 · Bank Of Hawaii
—
—
Sang C Lee
—
Deed Of Trust
related
$500,000 · First Hawaiian Bank
—
—
Sang C Lee
—
Deed Of Trust
related
$750,000 · Bank Of Hawaii
—
—
Sang C Lee
—
Deed Of Trust
related
$995,000 · Bank Of Hawaii
—
—
Sang C Lee
—
Deed Of Trust
related
$500,000 · 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.
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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