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    Property profile & analytics
    OFF-MARKET Estimated value $1,150,000
    Commercial real estate

    45-3610 Mamane St, Honokaa, HI 96727-6942

    5,616 SF 0.29 ac lot Built 1939
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US24-0059357
    Property summary
    AI-generated overview

    This exceptional investment opportunity in the heart of Honokaa Town presents a substantial multi-unit property comprising two buildings. The front building features four ground-floor commercial units, generating consistent income streams, complemented by four residential units upstairs – two studios and two one-bedroom apartments. The rear building offers a significant residential component, encompassing ten two-bedroom, one-bathroom apartments and two studio apartments, totaling fourteen residential units. This impressive portfolio boasts a proven track record of high occupancy rates over the past five years, with a history of steadily increasing rental income. Ten parking stalls are provided for the rear building's residents, while the front building conveniently utilizes the ample street parking available on Mamane Street. The property is being sold "as-is," and prospective buyers are encouraged to independently verify all information provided. Due to tenant occupancy, access requires a 48-hour notice and scheduled appointment to avoid disturbing residents. This property represents a rare chance to acquire a well-established, income-producing asset in a desirable location. The combination of commercial and residential units provides a diversified income stream and significant potential for future growth.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1939
    Construction WOOD
    Total area 5,616 SF
    Lot 0.29 ac (12,489 SF)
    Zoning code 3M
    APN 3-4-5-016-018
    UPID US24-0059357
    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
    • Fish And Things LLC Bar & Pub
    • flo.w & company Association Or Organization
    • Live Aloha Realty Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $756k
    Blend (final) Blend
    $1.15M
    Owner & transaction history
    Lani Akea Properties LLC · 7 yrs held
    Lani Akea Properties LLC
    since 2018
    6 recorded transactions
    2018
    2015
    2004
    $885,000
    2002
    1969
    1969
    Zoning & alternative use
    3M · Honokaa, HI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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