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Property profile & analytics
OFF-MARKET
Industrial properties
3375 Koapaka St, Honolulu, HI 96819-1800
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US24-0585567
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1991
Total area
430,145 SF
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-1-1-015-013-0001
UPID
US24-0585567
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
-
Lockheed Martin Corporation Industrial Manufacturer Production Facility
-
Clinical Labs of Hawaii Medical Laboratory
-
ActioNet (Bike/Boat/Book/etc) Store Corporate Office
-
Primerica Insurance Agency
-
Security One Security Service
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
Dr Fortress LLC · 1 yrs held
Dr Fortress LLC
since 2025
Last sale
$15.2M
7 recorded transactions
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · 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
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
$2,264,669
Tax year 2023
Assessed value
$189,949,000
Assessed 2024
Previous assessed
$189,949,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$69,385,400
Assessed improvement
$120,563,600
Land market value
$69,385,400
Improvement market value
$120,563,600
Total market value
$189,949,000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1991
Heating
NONE
Buildings
3
Stories
4
Units
1
Bathrooms
13
Total area
430,145 SF
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-1-1-015-013-0001
UPID
US24-0585567
Jurisdiction
HONOLULU
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Honolulu, HI
Zoning I-2 INDUSTRIAL-GENERAL · permitted uses
I-2 INDUSTRIAL-GENERAL · 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
1991
Heating
NONE
Stories
4
Buildings
3
Units
1
Bathrooms
13
Current owner
From public records · entity-resolved
Dr Fortress LLC
Entity
Mailing address
1 CVS DR #1105, WOONSOCKET, HI
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
$15,189,526
Dr Fortress LLC
Aipa Properties LLC
Deed
—
Apr 10, 2024
—
Procare Pharmacy LLC
Aipa Properties LLC
Lease
—
Apr 10, 2024
$4,404,400
Procare Pharmacy LLC
Aipa Properties LLC
Lease
—
Sep 30, 2022
$172,201
Straub Clinic & Hospital
Aipa Properties LLC
Lease
—
Oct 6, 2020
—
Hawaii Nurses Assn Office & Pr
Aipa Properties LLC
Grant Deed
related
—
Jan 12, 2018
—
Dr Fortress LLC
—
Grant Deed
related
$18,000,000 · Crestline Direct Finance LP
Aug 10, 2017
—
Loyalty Dev Co Ltd
—
Grant Deed
related
$165,000,000 · Allegiant Cap Fndg LLC
Mar 8, 2017
$39,337,234
Aipa Properties LLC
Loyalty Dev Co Ltd
Grant Deed
—
Oct 4, 2012
$1,163,861
Dr Fortress LLC
Aipa Properties LLC
Grant Deed
related
$11,700,000 · Brent C Oxley
Jan 31, 2011
—
Aipa Properties LLC
Aipa Properties LLC
Quit Claim Deed
related
—
Jan 5, 2009
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Mar 12, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 12, 2007
$106,142
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Dec 5, 2006
$9,290,773
Dr Fortress LLC
Aipa Properties LLC
Grant Deed
—
Sep 4, 1998
—
Aipa Properties LLC
—
Deed Of Trust
related
$70,000,000 · Capital Co America LLC
—
—
Dr Fortress LLC
—
Deed Of Trust
related
$12,575,000 · Sevenseas Tech Works Co Ltd
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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