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Property profile & analytics
OFF-MARKET
Estimated value
$6,350,000
Hotels
3401 Nimitz Hwy, Honolulu, HI 96819-1909
Entity Owned
2-yr Hold
Free & Clear
Property ID
US24-0215964
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1966
Total area
83,874 SF
Lot
3.39 ac (147,502 SF)
Zoning code
IMX-1
APN
1-1-1-015-002
UPID
US24-0215964
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
-
Sharks Den bar and Grill Restaurant
-
Airport Honolulu Hotel Hotel & Motel
-
Car Hire Airport Honolulu | ClavisCar Car Rental Facility
-
Ku`ai Market Airport Honolulu Hotel Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.35M
CAP Approach
CAP
$3.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.35M
Owner & transaction history
The United States Life Insurance Co · 2 yrs held
The United States Life Insurance Co
since 2024
Last sale
$6.4M
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
$6,350,000
ML approach
$6,350,000
CAP Approach
CAP Return
Estimation
6%
$4,185,000
6.5%
$3,860,000
7%
$3,585,000
Blend value · Realmo final
$6.35M
Range $5.72M – $6.99M · ±10% · vs last sale $6.35M (Apr 8 2024)
Last sale anchor
$6.35M
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
$76 / 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
$486,233
Tax year 2023
Assessed value
$36,427,800
Assessed 2024
Previous assessed
$36,427,800
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$18,844,000
Assessed improvement
$17,583,800
Land market value
$18,844,000
Improvement market value
$17,583,800
Total market value
$36,427,800
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
1966
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
4
Units
204
Bathrooms
12
Total area
83,874 SF
Lot
3.39 ac (147,502 SF)
Zoning code
IMX-1
APN
1-1-1-015-002
UPID
US24-0215964
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
1966
Heating
NONE
Cooling
Yes
Stories
4
Buildings
3
Units
204
Bathrooms
12
Lot
3.39 ac
Current owner
From public records · entity-resolved
The United States Life Insurance Co
Entity
Free & Clear · 2 yrs held
Mailing address
3253 N NIMITZ HWY #400, HONOLULU, HI 96819-1907
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
—
The United States Life Insurance Co
Teg Hotels LLC
Assignment Of Lease (leasehold Sale)
—
Apr 8, 2024
$6,350,107
Teg Hotels LLC
Loyalty Development Company Ltd
Lease
—
Dec 15, 2015
—
Us Bk National Assn
Us Bank NA Series 2006-gg6
Quit Claim Deed
related
—
Jan 20, 2006
—
E&b Honolulu Hotels LLC
Nimitz Partners LLC
Assignment Of Lease (leasehold Sale)
$25,000 · Greenwich Capital Financial Products INC
Sep 1, 2000
—
Nimitz Partners
—
Deed Of Trust
related
$3,000,000 · Bass Hotels & Resorts INC
—
—
Teg Hotels LLC
—
Deed Of Trust
related
$30,000,000 · Miscellaneous Ins Co
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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