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Property profile & analytics
FOR SALE
Commercial real estate
44-748 Kaneohe Bay Dr Kaneohe, HI 96744-2558
Individually Owned
3-yr Hold
Free & Clear
Property ID
US24-0231900
No photos on file
For Sale
Contact for pricing
44-748 Kaneohe Bay Dr, Kaneohe, HI 96744-2558
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Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,200 SF
Lot
0.11 ac (4,890 SF)
Zoning code
R-5
APN
1-4-4-019-082
UPID
US24-0231900
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
-
P & L Drive Inn Restaurant
-
He Mea 'Ono Poi Factory and Hawaiian Food Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$995k
Owner & transaction history
Pomaikai Maikalant Logan Kekaula · 3 yrs held
Pomaikai Maikalant Logan Kekaula
since 2023
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
R-5 · Kaneohe, 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 Kaneohe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kaneohe 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
$995,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
$635,000
6.5%
$585,000
7%
$540,000
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.20M (Mar 16 2023)
Last sale anchor
$1.20M
Mar 16 2023
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
$452 / 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
$10,079
Tax year 2023
Assessed value
$884,000
Assessed 2024
Previous assessed
$812,800
+8.8% YoY
Effective rate
1.14%
On assessed value
Assessed land
$660,200
Assessed improvement
$223,800
Land market value
$660,200
Improvement market value
$223,800
Total market value
$884,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
12
Total area
2,200 SF
Lot
0.11 ac (4,890 SF)
Zoning code
R-5
APN
1-4-4-019-082
UPID
US24-0231900
Jurisdiction
HONOLULU
Zoning & alternative use
R-5 · Kaneohe, HIZoning R-5 · permitted uses
R-5 · Kaneohe, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
12
Lot
0.11 ac
Current owner
From public records · entity-resolved
Pomaikai Maikalant Logan Kekaula
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 4896, KANEOHE, HI 96744-8896
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
$1,200,000
Pomaikai Maikalant Logan Kekaula
Sook Kim Ji
Warranty Deed
—
Jan 21, 2016
—
Kim,duke K Living Trust
Kim Hyun Y Living Trust
Quit Claim Deed
related
—
Oct 5, 2011
—
Kim,duk K Living Trust
Kim,barry B
Quit Claim Deed
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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