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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
Price N/A
2015
Price N/A
2004
$885,000
2002
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
3M · Honokaa, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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