New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,890,000
Commercial real estate
400 Kahelu Ave, Mililani, HI 96789-3909
Individually Owned
5-yr Hold
Free & Clear
Property ID
US24-0408419
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Total area
39,124 SF
Lot
3.48 ac (151,502 SF)
Zoning code
IMX-1
APN
1-9-5-046-005
UPID
US24-0408419
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
-
Nā Maka Kindergarten Prep School High School Daycare Center
-
State Farm Operations Center - Mililani Financial Advisor Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.40M
CAP Approach
CAP
$10.39M
Comparable Approach
Comparable
$7.25M
Blend (final)
Blend
$8.89M
Owner & transaction history
Queens Medical Center · 5 yrs held
Queens Medical Center
since 2020
Last sale
$10.0M
2 recorded transactions
Zoning & alternative use
IMX-1 · Mililani, 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 Mililani submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mililani 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
$8,320,000
ML approach
$7,395,000
CAP Approach
CAP Return
Estimation
6%
$11,250,000
6.5%
$10,385,000
7%
$9,640,000
Blend value · Realmo final
$8.89M
Range $8.00M – $9.78M · ±10% · vs last sale $10.00M (Sep 17 2020)
Last sale anchor
$10.00M
Sep 17 2020
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
$227 / 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
$124,859
Tax year 2023
Assessed value
$10,314,900
Assessed 2024
Previous assessed
$10,069,300
+2.4% YoY
Effective rate
1.21%
On assessed value
Assessed land
$3,570,300
Assessed improvement
$6,744,600
Land market value
$3,570,300
Improvement market value
$6,744,600
Total market value
$10,314,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1996
Heating
NONE
Stories
1
Bathrooms
13
Total area
39,124 SF
Lot
3.48 ac (151,502 SF)
Zoning code
IMX-1
APN
1-9-5-046-005
UPID
US24-0408419
Jurisdiction
HONOLULU
Zoning & alternative use
IMX-1 · Mililani, HI
Zoning IMX-1 · permitted uses
IMX-1 · Mililani, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mililani. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Stories
1
Bathrooms
13
Lot
3.48 ac
Current owner
From public records · entity-resolved
Queens Medical Center
Individual
Free & Clear · 5 yrs held
Mailing address
307 LEWERS ST STE #600, HONOLULU, HI 96815-2364
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2020
—
Queens Medical Center
Wpc Park LLC
Grant Deed
related
—
Jun 16, 2020
$10,000,000
Wpc Park LLC
State Farm Mutual Automobile I
Grant Deed
—
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 400 Kahelu Ave?
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.
