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Property profile & analytics
OFF-MARKET
Estimated value
$3,575,000
Showrooms
425 Kalanianaole St Hilo, HI 96720-4754
Entity Owned
9-yr Hold
Free & Clear
Property ID
US24-0049684
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1985
Construction
STEEL FRAME
Total area
27,872 SF
Lot
2.06 ac (89,559 SF)
Zoning code
4A
APN
3-2-1-007-009
UPID
US24-0049684
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$3.58M
Owner & transaction history
Extra Space Of Hilo LLC · 9 yrs held
Extra Space Of Hilo LLC
since 2016
7 recorded transactions
Zoning & alternative use
4A · Hilo, 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 Hilo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilo 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
COMMERCIAL (GENERAL)
$5,185,000
Current use
Blend value · Realmo final
$3.58M
Range $3.22M – $3.93M · ±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
$128 / 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
$44,726
Tax year 2023
Assessed value
$4,180,000
Assessed 2024
Previous assessed
$4,180,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,373,800
Assessed improvement
$2,806,200
Land market value
$1,373,800
Improvement market value
$2,806,200
Total market value
$4,180,000
Applied tax rate
3.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Units
1
Bathrooms
13
Total area
27,872 SF
Lot
2.06 ac (89,559 SF)
Zoning code
4A
APN
3-2-1-007-009
UPID
US24-0049684
Jurisdiction
HAWAII
Zoning & alternative use
4A · Hilo, HI
Zoning 4A · permitted uses
4A · Hilo, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
COMMERCIAL (GENERAL) 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
1985
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Units
1
Bathrooms
13
Lot
2.06 ac
Current owner
From public records · entity-resolved
Extra Space Of Hilo LLC
Entity
Free & Clear · 9 yrs held
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2016
$8,387,185
Extra Space Of Hilo LLC
Five Star Ents LLC
Grant Deed
—
Feb 17, 2011
$2,736,821
Five Star Ents LLC
Hilo Storage Partners LLC
Warranty Deed
—
Apr 30, 2009
$860
Hilo Storage Partners LLC
Call Family Trust
Grant Deed
related
—
Apr 30, 2004
—
Central Pacific Bank
Hilo Storage Partners LLC
—
related
—
Apr 12, 2001
—
Call Trust
—
Deed Of Trust
related
$1,190,000 · Bank Of Hawaii
Jun 16, 2000
$1,290,000
Call Trust
Hilo Storage Partners LLC
Grant Deed
$290,000 · Seller
Apr 26, 1999
$1,000
Hilo Storage Partners LLC
Victor Valley Properties INC
Grant Deed
related
—
Dec 31, 1997
$1,000,000
Economic Business Consulatants
American Fence & Security Co
Grant Deed
$750,000 · Seller
—
—
Hilo Storage Partners LLC
—
Deed Of Trust
related
$550,000 · Paul Orval A & D J F Tr (pt)
—
—
Hilo Storage Partners LLC
—
Deed Of Trust
related
$1,190,000 · Bank Of Hawaii
—
—
Hilo Storage Partners LLC
—
Deed Of Trust
related
$500,000 · Central Pacific Bank
—
—
Hilo Storage Partners LLC
—
Deed Of Trust
related
$2,100,000 · Paul Orval A & D J F Tr (pt)
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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