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Property profile & analytics
OFF-MARKET
Estimated value
$3,730,000
Commercial real estate
3036 Waialae Ave Honolulu, HI 96816-1555
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US24-0125212
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1962
Total area
2,695 SF
Lot
0.22 ac (9,409 SF)
Zoning code
B-2
APN
1-2-8-028-037
UPID
US24-0125212
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
-
Babes Bakery Bakery Specialty Food Shop
-
Oahu Mexican Grill (OMG) - Kaimuki Restaurant
-
Waialae Barber & Hair Salon Hair Salon
-
Vons Chicken Kaimuki Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.73M
Owner & transaction history
Lee 2008 Family Trust · 6 yrs held
Lee 2008 Family Trust
since 2020
Last sale
$5.6M
3 recorded transactions
Zoning & alternative use
B-2 · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
78 Revised February 6, 2023 a large scale basis. It would also be applied to rural and urban fringe town centers which may or may not be located along major travel routes. (c) The intent of the B-2 community business district is to provide areas for community-wide business establishments, serving several neighborhoods and offering a wider range of uses than…
Zone name
Community Business District
General category
COMMERCIAL
Zone area
491.84 ac
Source
Article 2
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.73M
Range $3.36M – $4.10M · ±10% · vs last sale $5.60M (Jan 29 2020)
Last sale anchor
$5.60M
Jan 29 2020
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
$1,384 / 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
$32,481
Tax year 2023
Assessed value
$2,624,000
Assessed 2024
Previous assessed
$2,619,400
+0.2% YoY
Effective rate
1.24%
On assessed value
Assessed land
$2,290,700
Assessed improvement
$333,300
Land market value
$2,290,700
Improvement market value
$333,300
Total market value
$2,624,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1962
Heating
NONE
Stories
1
Bathrooms
12
Total area
2,695 SF
Lot
0.22 ac (9,409 SF)
Zoning code
B-2
APN
1-2-8-028-037
UPID
US24-0125212
Jurisdiction
HONOLULU
Zoning & alternative use
B-2 · Honolulu, HIZoning B-2 · permitted uses
B-2 · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
78 Revised February 6, 2023 a large scale basis. It would also be applied to rural and urban fringe town centers which may or may not be located along major travel routes. (c) The intent of the B-2 community business district is to provide areas for community-wide business establishments, serving several neighborhoods and offering a wider range of uses than is permitted in the B-1 district. The intent is to app
Zone name
Community Business District
General category
COMMERCIAL
Zone area
491.84 ac
Source
Article 2
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
1
Bathrooms
12
Lot
0.22 ac
Current owner
From public records · entity-resolved
Lee 2008 Family Trust
Trust
Mailing address
1585 KAPIOLANI BLVD STE #1206, HONOLULU, HI 96814-4527
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2020
$11,200,000
Lee 2008 Family Trust
F & F Land Corp
Warranty Deed
$2,258,958 · Bank Of Hi
Aug 31, 2012
—
Ted T Sung
F & F Land Corp
Grant Deed
related
—
Aug 28, 2007
$3,897,383
Ted T Sung
F & F Land Corp
Grant Deed
—
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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