Financial
Distress signals
Property profile

41-1537 Kalanianaole Hwy Waimanalo, HI 96795

FOR SALE
Other commercial real estate
Property ID
US24-0245964
12,937 SF 1.61 ac lot Built 1974
Last sale Mar 2003 · $860,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This multi-tenant retail center is located at 41-1537 Kalanianaole Highway in Waimanalo, Hawaii, and includes fee simple parcels identified as TMK 1-4-1-009: 275 and 2758/278 under a Master Ground Lease. The property has approximately 36,000 square feet of leasable area, including approximately 6,300 square feet of second-floor office space. Parking is provided for approximately 95 vehicles. The site is configured to support multiple tenants and was approximately 65% occupied at the time of the listing. The Master Ground Lease is scheduled to expire on 12/14/2026.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$79k
Tax billed · 2023
Assessed value · 2024$6.86M
Assessed land$5.32M
Assessed improvement$1.54M
Effective rate1.15%

Value estimate

· Sep 2026
$2.95M
$2.66M – $3.25M
CAP approach$3.44M
Submarket $/SF estimate$1.79M
NOI build-up
Gross scheduled income$1.43M
Vacancy & credit loss−$69k
Operating expenses−$408k
NOI · 9.08% cap applied$953k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$432/SF
County average, outlier-cleaned · 615 recorded sales of this use type
Observed band · Q1–Q3$167 – $761

Cap rate analysis

How does the asset earn?
9.08%
$953k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-1
JurisdictionHONOLULU

Location intelligence

Which uses thrive at this corner?

Location

41-1537 Kalanianaole Hwy Waimanalo, HI 96795
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
41-865 Kalanianaole, Waimanalo, HI 96795-1626 $1,000,000 Mar 2020 2,441 SF
41-38 Wailea, Waimanalo, HI 96795-1618 $75,816 Aug 2019 1,834 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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