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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Warehouses
41-520 Hihimanu St Waimanalo, HI 96795-1301
Individually Owned
1-yr Hold
Free & Clear
Property ID
US24-0177532
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Total area
7,334 SF
Lot
7.84 ac (341,641 SF)
Zoning code
AG-2 AG-GENERAL
APN
1-4-1-024-035
UPID
US24-0177532
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
-
Rocky Road Products Inc Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Carole N Nitta · 1 yrs held
Carole N Nitta
since 2025
5 recorded transactions
Zoning & alternative use
AG-2 AG-GENERAL · Waimanalo, 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 Waimanalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waimanalo 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,840,000
Current use
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10%
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
$173 / 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
$6,653
Tax year 2023
Assessed value
$3,233,600
Assessed 2024
Previous assessed
$3,233,600
+0.0% YoY
Effective rate
0.21%
On assessed value
Assessed land
$2,229,600
Assessed improvement
$1,004,000
Land market value
$2,229,600
Improvement market value
$1,004,000
Total market value
$3,233,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
4
Stories
1
Units
1
Rooms
11
Bathrooms
2
Total area
7,334 SF
Lot
7.84 ac (341,641 SF)
Zoning code
AG-2 AG-GENERAL
APN
1-4-1-024-035
UPID
US24-0177532
Jurisdiction
HONOLULU
Zoning & alternative use
AG-2 AG-GENERAL · Waimanalo, HIZoning AG-2 AG-GENERAL · permitted uses
AG-2 AG-GENERAL · Waimanalo, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
1
Buildings
4
Units
1
Rooms
11
Bathrooms
2
Lot
7.84 ac
Current owner
From public records · entity-resolved
Carole N Nitta
Individual
Free & Clear · 1 yrs held
Mailing address
41-520 HIHIMANU ST, WAIMANALO, HI 96795-1301
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
—
Carole N Nitta
Carole Naomi Nitta
Deed
related
—
Apr 17, 2025
—
Kyle H Nitta
Kyle Hideyuki Nitta
Deed
related
—
Aug 29, 2023
—
Kyle Hideyuki Nitta
Kyle H Nitta
Intrafamily Transfer
related
—
Apr 30, 2018
—
Nitta,frances S Living Trust
Nitta,sachiyo M
Quit Claim Deed
related
—
Jun 29, 2017
—
Sachiyo M Nitta
Nitta,wallace M
Affidavit Of Death
related
—
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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