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Property profile & analytics
OFF-MARKET
Estimated value
$4,495,000
Warehouses
269 Palii St 1, Mililani, HI 96789-3964
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0264016
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
38,919 SF
Lot
3.89 ac (169,274 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-9-5-046-028
UPID
US24-0264016
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
-
The Islander Group Inc Distribution Center Logistics Company
-
Hawaiian Island Salt Company Discount Store Grocery & Convenience Store
-
Beachcomber Budd’s® Pure Coconut Oil (Bike/Boat/Book/etc) Store Cosmetic Store
-
Island Woods Department Store
-
Adoboloco® Food Processing Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.16M
Blend (final)
Blend
$4.50M
Owner & transaction history
Palii Partners LLC · 9 yrs held
Palii Partners LLC
since 2016
7 recorded transactions
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Mililani, 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 Mililani submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mililani 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
Blend value · Realmo final
$4.50M
Range $4.05M – $4.94M · ±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
$115 / 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
$108,154
Tax year 2023
Assessed value
$8,960,000
Assessed 2024
Previous assessed
$8,960,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$3,578,500
Assessed improvement
$5,381,500
Land market value
$3,578,500
Improvement market value
$5,381,500
Total market value
$8,960,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
38,919 SF
Lot
3.89 ac (169,274 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-9-5-046-028
UPID
US24-0264016
Jurisdiction
HONOLULU
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Mililani, HI
Zoning IMX-1 IND-COMM MIXED USE · permitted uses
IMX-1 IND-COMM MIXED USE · Mililani, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mililani. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
3.89 ac
Current owner
From public records · entity-resolved
Palii Partners LLC
Entity
Free & Clear · 9 yrs held
Mailing address
201 MERCHANT ST STE #2050, HONOLULU, HI 96813-2977
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2020
—
Palii Partners LLC
—
Deed
related
$10,400,000 · American Svgs Bk
Nov 28, 2016
—
Palii Partners LLC
—
Deed
related
$8,500,000 · American Savings Bank Fsb
Jul 21, 2016
$10,000,000
Palii Partners LLC
Palka Corp
Warranty Deed
—
Sep 22, 2005
—
Palka Corp
—
Trustees Deed
related
$4,000,000 · Nathan Investment Co
Jul 31, 2001
$1,900,000
Palka Corp
Castle & Cooke Properties INC
Grant Deed
—
—
—
Palii Partners LLC
—
Deed Of Trust
related
$10,400,000 · American Svgs Bk
—
—
Palka Corp
—
Deed Of Trust
related
$2,816,112 · Cana Investors
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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