Back to Search
Property profile & analytics
OFF-MARKET
Commercial land
28-2903 Mamalahoa Hwy Pepeekeo, HI 96783
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US24-0446346
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.06 ac (46,348 SF)
Zoning code
3M
APN
3-2-8-007-068
UPID
US24-0446346
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
Gec Dev Group LLC · 10 yrs held
Gec Dev Group LLC
since 2015
7 recorded transactions
Zoning & alternative use
3M · Pepeekeo, 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 Pepeekeo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pepeekeo 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
$5,187
Tax year 2023
Assessed value
$484,800
Assessed 2024
Previous assessed
$484,800
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$484,800
Land market value
$484,800
Total market value
$484,800
Applied tax rate
3.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1.06 ac (46,348 SF)
Zoning code
3M
APN
3-2-8-007-068
UPID
US24-0446346
Jurisdiction
HAWAII
Zoning & alternative use
3M · Pepeekeo, HIZoning 3M · permitted uses
3M · Pepeekeo, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.06 ac
Current owner
From public records · entity-resolved
Gec Dev Group LLC
Entity
Mailing address
PO BOX 608, PEPEEKEO, HI 96783-0608
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2026
—
Gec Development Group LLC
—
Deed
related
$1,249,000 · Business Finance Capital
Apr 29, 2024
—
Gec Development Group LLC
—
Deed
related
$1,216,421 · Stearns Bank NA
Mar 21, 2024
—
Gec Development Group LLC
—
Deed
related
$250,000 · Hawaii Community FCU
May 15, 2020
—
Gec Dev Group LLC
—
Deed
related
$242,539 · Hawaii Cmnty FCU
Nov 7, 2017
—
Gec Development Group LLC
—
Deed
related
$250,000 · Hawaii Community FCU
Sep 14, 2015
$245,000
Gec Dev Group LLC
Lee Samuel M
Grant Deed
$195,000 · Colleen G Lee
Apr 4, 2011
$1,531,799
Samuel M Lee
Commissioner Of Hawaii County
Trustees Deed
related
—
Jun 4, 2009
—
Watumull Inv Co LLC
Watumull Inv Co LLC
Quit Claim Deed
related
—
Mar 25, 2008
—
Matthew L Pritchard-tage
—
Trustees Deed
related
$700,000 · Healy Mortgage
Jul 26, 2007
—
Matthew L Pritchard-tage
Watumull Investment Co LLC
Warranty Deed
related
—
Nov 3, 2006
$1,000
Shaun G Lether
Park Center Exchange I LLC
Grant Deed
related
—
Oct 31, 2005
$825,000
Park Center Exchange I LLC
Watumull Investment Co LLC
Grant Deed
related
—
—
—
Gec Dev Group LLC
—
Loan Modification
related
$242,539 · Hawaii Cmnty FCU
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 28-2903 Mamalahoa Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
