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Property profile & analytics
OFF-MARKET
Hotels
2540 Kalakaua Ave, Honolulu, HI 96815-3641
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US24-0045324
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Lot
0.18 ac (7,654 SF)
Zoning code
U/X6/20
APN
1-2-6-026-002
UPID
US24-0045324
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Leigh Duggan
Leigh Duggan
since 2025
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
$163,498
Tax year 2023
Assessed value
$12,361,200
Assessed 2024
Previous assessed
$11,407,500
+8.4% YoY
Effective rate
1.32%
On assessed value
Assessed land
$12,361,200
Land market value
$12,361,200
Total market value
$12,361,200
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
0.18 ac (7,654 SF)
Zoning code
U/X6/20
APN
1-2-6-026-002
UPID
US24-0045324
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
0.18 ac
Current owner
From public records · entity-resolved
Leigh Duggan
Individual
Mailing address
12735 MORRIS RD EXT STE #400, ALPHARETTA, GA 30004-8904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
—
Leigh Duggan
Leigh Duggan
Deed
—
Jun 16, 2025
—
W2005 Wki Realty LLC
—
Deed
related
$340,000 · Wells Fargo Bank NA
Jul 23, 2019
—
James A Bolte
Bolte James A Trust
Quit Claim Deed
related
—
Jan 7, 2019
—
W2005 Wki Realty LLC
—
Grant Deed
related
$336,500,000 · Wells Fargo Bk
Jul 5, 2018
$3,600,000
Gmb Properties LLC
Charitable James A B Trust
Warranty Deed
—
Aug 10, 2017
$500,000
Gm B Properties LLC
Davis Family Trust
Warranty Deed
—
Jun 26, 2017
—
Cutting Living Trust
Cutting,antonia M W
Quit Claim Deed
related
—
Apr 7, 2017
$2,142,813
Gmb Properties LLC
Bolte,gloria M
Warranty Deed
—
Jan 4, 2012
—
Duggan Family Trust
Duggan,curtis J
Affidavit Of Death
related
—
Jun 24, 2011
—
B Family Trust
Bolte F & G M Living Trust
Quit Claim Deed
related
—
Sep 18, 2009
—
Antonia M W Cutting
Smith Margaret B W Trust
Grant Deed
related
—
Nov 12, 2008
—
Frederick Bolte
Bolte Investments
Quit Claim Deed
related
—
Jun 30, 2008
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Apr 23, 2008
—
Margaret Bolte Wagner Smith
Smith,margaret Bolte W
Quit Claim Deed
related
—
Mar 31, 2008
—
Bolte James A Trust
Bolte James A Trust
Quit Claim Deed
related
—
May 2, 2007
—
W2005 Wki Realty LLC
—
Deed Of Trust
related
$350,000,000 · J P Morgan Chase Bank
Nov 22, 2005
$254,818,466
W2005 Wki Realty LLC
Wbm Resort
Grant Deed
—
Nov 22, 2005
—
Wbm Resort LP
Wbr Tenant Corp
Grant Deed
related
—
Mar 22, 2005
—
Bolte James A Trust
Bolte,james A
Quit Claim Deed
related
—
Dec 27, 2004
—
Investments Bolte
Bolte Frederick & G M Trust
Quit Claim Deed
related
—
Dec 7, 2004
—
Kimberly K Romero
Bolte,donald O
Grant Deed
related
—
Nov 16, 2000
$119,973,600
Mrwb LLC
Otaka LP
—
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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