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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Hotels
3253 Nimitz Hwy, Honolulu, HI 96819-1907
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US24-0329465
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1976
Total area
90,657 SF
Lot
1.91 ac (83,202 SF)
Zoning code
IMX-1
APN
1-1-1-014-074
UPID
US24-0329465
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
-
Best Western The Plaza Hotel Hotel & Motel
-
Iglesia Ni Cristo - Locale of Pearl Harbor (Venue) Church
-
ATM Pacific Atm
-
Ku`ai Market Airport Best Western Plaza Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.02M
CAP Approach
CAP
$4.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.02M
Owner & transaction history
Teg Hotels LLC · 2 yrs held
Teg Hotels LLC
since 2024
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
IMX-1 · Honolulu, 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 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
$4,020,000
ML approach
$4,020,000
CAP Approach
CAP Return
Estimation
6%
$4,520,000
6.5%
$4,175,000
7%
$3,875,000
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±10% · vs last sale $4.02M (Apr 8 2024)
Last sale anchor
$4.02M
Apr 8 2024
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
$44 / 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
$469,698
Tax year 2023
Assessed value
$34,953,500
Assessed 2024
Previous assessed
$33,791,200
+3.4% YoY
Effective rate
1.34%
On assessed value
Assessed land
$11,610,200
Assessed improvement
$23,343,300
Land market value
$11,610,200
Improvement market value
$23,343,300
Total market value
$34,953,500
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1976
Heating
NONE
Cooling
CENTRAL
Buildings
6
Stories
1
Units
210
Bathrooms
12
Total area
90,657 SF
Lot
1.91 ac (83,202 SF)
Zoning code
IMX-1
APN
1-1-1-014-074
UPID
US24-0329465
Jurisdiction
HONOLULU
Zoning & alternative use
IMX-1 · Honolulu, HI
Zoning IMX-1 · permitted uses
IMX-1 · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Honolulu. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Units
210
Bathrooms
12
Lot
1.91 ac
Current owner
From public records · entity-resolved
Teg Hotels LLC
Entity
Mailing address
3253 N NIMITZ HWY #400, HONOLULU, HI 96819-1907
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2024
—
Teg Hotels LLC
Loyalty Development Company Ltd
Assignment Of Lease (leasehold Sale)
$300,000,000 · The United States Life Insurance Co
Apr 8, 2024
$4,017,821
Teg Hotels LLC
Loyalty Development Company Ltd
Assignment Of Lease (leasehold Sale)
$300,000,000 · The United States Life Insurance Co
Jan 20, 2006
—
E & B Honolulu Hotels LLC
Nimitz Partners LLC
Grant Deed
—
Apr 25, 1988
$110,800
Wh Smith Hotel Svcs
Wh Smith Hotel Svcs
Grant Deed
related
—
—
—
Teg Hotels LLC
—
Deed Of Trust
related
$30,000,000 · Miscellaneous Ins Co
—
—
Nimitz Partners
—
Deed Of Trust
related
$3,000,000 · Bass Hotels & Resorts INC
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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