New search
Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Residential income homes
318 Ohai Pl, Wahiawa, HI 96786-5719
Individually Owned
3-yr Hold
Property ID
US24-0058232
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1958
Construction
WOOD
Total area
1,440 SF
Lot
0.12 ac (5,200 SF)
Zoning code
A-2
APN
1-7-3-001-044
UPID
US24-0058232
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
$540k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$785k
Blend (final)
Blend
$690k
Owner & transaction history
Elisha Ierome Faasu · 3 yrs held
Elisha Ierome Faasu
since 2023
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
A-2 · Wahiawa, 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 Wahiawa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wahiawa 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
$660,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$480,000
6.5%
$440,000
7%
$410,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$590,000
Current use
COMMERCIAL (GENERAL)
$535,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $850k (Jan 9 2023)
Last sale anchor
$850k
Jan 9 2023
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
$479 / 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
$2,756
Tax year 2023
Assessed value
$789,900
Assessed 2024
Previous assessed
$789,900
+0.0% YoY
Effective rate
0.35%
On assessed value
Assessed land
$738,400
Assessed improvement
$51,500
Land market value
$738,400
Improvement market value
$51,500
Total market value
$789,900
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Bathrooms
11
Total area
1,440 SF
Lot
0.12 ac (5,200 SF)
Zoning code
A-2
APN
1-7-3-001-044
UPID
US24-0058232
Jurisdiction
HONOLULU
Zoning & alternative use
A-2 · Wahiawa, HI
Zoning A-2 · permitted uses
A-2 · Wahiawa, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wahiawa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$535,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Bathrooms
11
Lot
0.12 ac
Current owner
From public records · entity-resolved
Elisha Ierome Faasu
Individual
Mailing address
PO BOX 17277, HONOLULU, HI 96817-0277
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
$850,000
Elisha Ierome Faasu
Yuka Higashide
Deed
$869,550 · American Pacific Mortgage Corp
Jul 19, 2021
$695,000
Yuka Higashide
Wilson Pajardo Aguilan
Warranty Deed
—
Oct 18, 2006
—
Wilson P Aguilan
Aguilan,wilson P
Quit Claim Deed
related
—
Jul 28, 2003
$225,000
Wilson P Aguilan
Robertson,devere D
Grant Deed
$221,523 · Us Financial Mortgage Corp
Oct 3, 2001
$170,000
Gerald G Grimble
Lino,ane
Grant Deed
$167,373 · Us Financial Mortgage Corp
Aug 15, 2000
$97,500
Robertson,devere D
American Savings Bank
Trustees Deed
—
Aug 15, 2000
$160,000
Lino,ane
Robertson,devere D
Trustees Deed
$117,759 · Associates Fin'l Svcs Hawaii
May 21, 1999
$172,100
American Savings Bank
Chun,j M
Grant Deed
related
—
—
—
Wilson P Aguilan
—
Deed Of Trust
related
$382,500 · Peoples Choice Home Loan INC
—
—
Gerald G Grimble
—
Deed Of Trust
related
$59,000 · Honolulu City (hi)
—
—
Gerald G Grimble
—
Deed Of Trust
related
$4,261 · Us Financial Mortgage Corp
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 318 Ohai Pl?
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.
