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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Commercial real estate
45-690 Pakalana St, Honokaa, HI 96727-6945
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US24-0269024
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,624 SF
Lot
2.88 ac (125,409 SF)
Zoning code
3L
APN
3-4-5-010-085
UPID
US24-0269024
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
-
Hamakua True Value Hardware Building Supply Hardware & Home Improvement
-
Tex Drive-In Restaurant
-
Sunshine True Value Hardware Honokaa Building Supply Hardware & Home Improvement
-
Hawaii Community Federal Credit Union Credit Union
-
Hawaii Community Federal Credit Union ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
$2.51M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$1.90M
Owner & transaction history
Ilani Hawaii LLC · 6 yrs held
Ilani Hawaii LLC
since 2020
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
3L · Honokaa, 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 Honokaa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Honokaa 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
$1,585,000
ML approach
$1,480,000
CAP Approach
CAP Return
Estimation
6%
$2,715,000
6.5%
$2,505,000
7%
$2,325,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,910,000
Current use
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±10% · vs last sale $2.00M (May 20 2020)
Last sale anchor
$2.00M
May 20 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
$220 / 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
$23,938
Tax year 2023
Assessed value
$2,255,800
Assessed 2024
Previous assessed
$2,237,200
+0.8% YoY
Effective rate
1.06%
On assessed value
Assessed land
$638,800
Assessed improvement
$1,617,000
Land market value
$638,800
Improvement market value
$1,617,000
Total market value
$2,255,800
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
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
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Total area
8,624 SF
Lot
2.88 ac (125,409 SF)
Zoning code
3L
APN
3-4-5-010-085
UPID
US24-0269024
Jurisdiction
HAWAII
Zoning & alternative use
3L · Honokaa, HI
Zoning 3L · permitted uses
3L · Honokaa, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Honokaa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Lot
2.88 ac
Current owner
From public records · entity-resolved
Ilani Hawaii LLC
Entity
Mailing address
7540 SANDY PT BCH RD NE, OLYMPIA, WA 98516-9575
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2020
—
Ilani Hawaii LLC
Elizabeth L Rapozo
Warranty Deed
$2,076,800 · First Bank
May 20, 2020
$77,600
Coastal Island INC
Rapozo Elizabeth L L/tr
Grant Deed
—
May 20, 2020
$1,170,000
Elizabeth,l Rapozo Rev L Trust
Rapozo Elizabeth L L/tr
Warranty Deed
related
—
Aug 20, 2008
$326,323
Hawaii Community FCU
Tex INC
Grant Deed
related
—
—
—
Lamme Tex Corp
—
Deed Of Trust
related
$165,000 · Bank Of Hawaii
—
—
Coastal Island INC
—
Deed Of Trust
related
$300,000 · Tex Drive In
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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