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Property profile & analytics
OFF-MARKET
Estimated value
$44,205,000
Hotels
349 Seaside Ave, Honolulu, HI 96815-2583
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US24-0499632
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Lot
0.24 ac (10,358 SF)
Zoning code
U/X6/20
APN
1-2-6-022-022
UPID
US24-0499632
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
-
Hyatt Centric Parking Garage Parking Lot & Garage
-
Hyatt Centric Waikiki Beach Hotel & Motel
-
ホテル三宅 Condominium Complex
-
ジャストレンタカー Car Rental Facility
-
The Lanai Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$44.21M
Owner & transaction history
Wilmington Savings Fund Society Fsb · 1 yrs held
Wilmington Savings Fund Society Fsb
since 2025
Last sale
$44.2M
7 recorded transactions
Zoning & alternative use
U/X6/20 · 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
$172,090
Tax year 2023
Assessed value
$12,988,900
Assessed 2024
Previous assessed
$12,007,000
+8.2% YoY
Effective rate
1.32%
On assessed value
Assessed land
$12,988,900
Land market value
$12,988,900
Total market value
$12,988,900
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Heating
NONE
Lot
0.24 ac (10,358 SF)
Zoning code
U/X6/20
APN
1-2-6-022-022
UPID
US24-0499632
Jurisdiction
HONOLULU
Zoning & alternative use
U/X6/20 · Honolulu, HI
Zoning U/X6/20 · permitted uses
U/X6/20 · 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
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Wilmington Savings Fund Society Fsb
Entity
Mailing address
PO BOX 2902, HONOLULU, HI 96802-2902
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2025
—
Wilmington Savings Fund Society Fsb
Citi Real Estate Funding INC
Deed
—
Aug 26, 2024
—
Us Property Investment Fund Hi 2 LP
—
Deed
related
$69,000 · Citi Real Estate Funding INC
Nov 19, 2019
—
Wtc Oahu Property LLC
Seaside Estates LP
Grant Deed
related
—
Sep 26, 2018
—
Wtc Oahu Property LLC
Seaside Estates LP
Grant Deed
related
—
Nov 8, 2017
—
Wtc Oahu Property LLC
—
Loan Modification
related
$200,000,000 · Wells Fargo Bk
Sep 22, 2016
—
Starbucks Corp
Wtc Oahu Property LLC
Grant Deed
related
—
Jul 1, 2015
—
Wtc Oahu Property LLC
Seaside Estates LP
Grant Deed
related
—
Dec 20, 2013
$14,249,997
Wtc Oahu Property LLC
Seaside Equity LLC
Grant Deed
—
Feb 7, 2013
$8,224,997
Seaside Equity LLC
Wtc Owner LLC
Grant Deed
—
Feb 7, 2013
—
Wtc Owner LLC
Natixis R/e Cap INC
Grant Deed
related
—
Jul 13, 2010
$25,120,000
Wtc Owner LLC
Waikiki Trade Center Invtrs Ll
Quit Claim Deed
—
Jul 13, 2010
—
Wtc Owner LLC
Waikiki Trade Center Investors
Grant Deed
—
May 29, 2008
—
Seaside Estate Ltd Ptshp
Gillmar,jack Notley S
Grant Deed
related
—
Feb 1, 2006
$30,000,000
Waikiki Trade Center Investors LLC
Waikiki Trade Center Corp
Limited Warranty Deed
$25,120,000 · Ixis Real Estate Capital INC
Jan 17, 2006
$5,400,000
Waikiki Trade Center Corp
Wang International Inv Kabushi
Grant Deed
—
Apr 28, 2005
$8,000,000
Waikiki Trade Center Corp
Kabushiki Kaisha Yamate Shoji
Grant Deed
—
Jan 24, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Queen Emma Land Co
—
Loan Modification
related
—
—
—
Seaside Estates LP
—
Loan Modification
related
$2,000,000 · Bank Of Hi
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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