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Property profile & analytics
FOR SALE
Commercial real estate
3113 Olu St Honolulu, HI 96816
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US24-0575745
For Sale
$4,000,000
3113 Olu St, Honolulu, HI 96816
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,480 SF
Lot
0.13 ac (5,600 SF)
Zoning code
B-2
APN
1-3-1-003-045
UPID
US24-0575745
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
-
Lee Financial Group Hawaii Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$915k
Owner & transaction history
Lee,terrence K H Trust · 11 yrs held
Lee,terrence K H Trust
since 2015
7 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%
$1,290,000
6.5%
$1,190,000
7%
$1,105,000
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±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
$204 / 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
$31,609
Tax year 2023
Assessed value
$2,485,300
Assessed 2024
Previous assessed
$2,549,100
-2.5% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,662,300
Assessed improvement
$823,000
Land market value
$1,662,300
Improvement market value
$823,000
Total market value
$2,485,300
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
For Sale
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
1
Total area
4,480 SF
Lot
0.13 ac (5,600 SF)
Zoning code
B-2
APN
1-3-1-003-045
UPID
US24-0575745
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Lee,terrence K H Trust
Trust
Mailing address
3113 OLU ST, HONOLULU, HI 96816-1425
Mailing matches property
Yes
Owner-occupied
Yes
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 31, 2015
—
Lee,terrence K H Trust
Lee,terrence K H
Quit Claim Deed
related
—
May 2, 2012
$1,700,000
Terrence K H Lee
Hackman Betsy A Living Trust
Warranty Deed
—
Mar 8, 2012
—
Hackman Betsy A Living Trust
Feaster Yoshie
Grant Deed
—
Aug 14, 2008
$2,110,000
Feaster Yoshie Tr
Chun Eric K S & J S I Trust
Warranty Deed
—
Oct 5, 2006
—
Eric K S Chun
Chun,eric K S
Quit Claim Deed
related
—
Jul 3, 2006
—
Eric K S Chun
Chun Eric K S & J S I Trust
Quit Claim Deed
related
$900,000 · Velocity Commercial Capital
—
—
Chun Trust
—
Deed Of Trust
related
$230,600 · Us Small Business Admn
—
—
Chun Trust
—
Deed Of Trust
related
$650,000 · American Savings Bank
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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