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Property profile & analytics
OFF-MARKET
Estimated value
$33,645,000
Hotels
412 Lewers St, Honolulu, HI 96815-2436
Trust Owned
6-yr Hold
Free & Clear
Property ID
US24-0198533
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1961
Construction
CONCRETE
Total area
54,560 SF
Lot
0.31 ac (13,303 SF)
Zoning code
APT. PRECI
APN
1-2-6-017-049
UPID
US24-0198533
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
-
Arvo cafe at Surfjack Cafe & Coffee Shop
-
Surfjack Shop Cafe & Coffee Shop
-
Mahina & Sun’s Restaurant
-
Surfjack Hotel & Swim Club Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$21.22M
Blend (final)
Blend
$33.65M
Owner & transaction history
Magoon,john SR & Juliet Trust · 6 yrs held
Magoon,john SR & Juliet Trust
since 2020
Last sale
$41.5M
7 recorded transactions
Zoning & alternative use
APT. PRECI · 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
$32,500,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$46,990,000
Current use
COMMERCIAL (GENERAL)
$37,890,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$33.65M
Range $30.28M – $37.01M · ±10% · vs last sale $41.52M (Jan 27 2020)
Last sale anchor
$41.52M
Jan 27 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
$617 / 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
$287,945
Tax year 2023
Assessed value
$22,461,200
Assessed 2024
Previous assessed
$20,481,500
+9.7% YoY
Effective rate
1.28%
On assessed value
Assessed land
$11,626,800
Assessed improvement
$10,834,400
Land market value
$11,626,800
Improvement market value
$10,834,400
Total market value
$22,461,200
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
1961
Construction
CONCRETE
Heating
NONE
Stories
9
Units
104
Bathrooms
12
Total area
54,560 SF
Lot
0.31 ac (13,303 SF)
Zoning code
APT. PRECI
APN
1-2-6-017-049
UPID
US24-0198533
Jurisdiction
HONOLULU
Zoning & alternative use
APT. PRECI · Honolulu, HI
Zoning APT. PRECI · permitted uses
APT. PRECI · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$47.0M
COMMERCIAL (GENERAL)
Est. value
$37.9M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
1961
Construction
CONCRETE
Heating
NONE
Stories
9
Units
104
Bathrooms
12
Lot
0.31 ac
Current owner
From public records · entity-resolved
Magoon,john SR & Juliet Trust
Trust
Free & Clear · 6 yrs held
Mailing address
PO BOX 3170, HONOLULU, HI 96802-3170
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2020
—
Magoon,john SR & Juliet Trust
Magoon Juliet C Trust
Quit Claim Deed
related
—
Dec 28, 2016
$41,519,060
Hoshino Resorts Hawaii LLC
Komomai Hospitality II LLC
Grant Deed
—
Dec 28, 2016
$3,580,940
Hoshino Resorts Hawaii LLC
Komomai Hospitality II LLC
Grant Deed
—
Jan 16, 2015
—
Komomai Hospitality II LLC
Komomai Hospitality LLC
Quit Claim Deed
related
$10,000,000 · American Svgs Bk
Jan 16, 2015
$12,796,800
Komomai Hospitality II LLC
Komomai Hospitality LLC
Grant Deed
—
Jan 6, 2014
$4,200,000
Komomai Hospitality LLC
Iwasaki Waikiki INC
Grant Deed
—
Jan 6, 2014
$5,050,011
Komomai Hospitality LLC
Bank Of Hi
Grant Deed
—
Jul 2, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
May 16, 2005
$1,725,999
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Aug 20, 1996
—
Ritsuyo Matsui
Matsui,ritsuyo
Quit Claim Deed
related
—
—
—
Bank Of Hawaii
—
Deed Of Trust
related
$1,600,000 · Bank Of Hawaii
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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