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Property profile & analytics
OFF-MARKET
Estimated value
$38,805,000
Commercial real estate
4561 Salt Lk Blvd Honolulu, HI 96818-3167
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0194840
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1993
Total area
119,945 SF
Lot
16.26 ac (708,198 SF)
Zoning code
B-1
APN
1-9-9-002-035
UPID
US24-0194840
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
-
GreenDrop Charitable Organization
-
OpConnect Charging Station Electric Vehicle Charging Station
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Starbucks Cafe & Coffee Shop
-
Hawaii DMV Now Kiosk Department Of Motor Vehicles Kiosk
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.83M
Comparable Approach
Comparable
$44.34M
Blend (final)
Blend
$38.81M
Owner & transaction history
Re Use Hawaii · 1 yrs held
Re Use Hawaii
since 2024
5 recorded transactions
Zoning & alternative use
B-1 · Honolulu, 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 Honolulu submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Honolulu 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%
$34,485,000
6.5%
$31,830,000
7%
$29,560,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$54,575,000
Current use
APARTMENT HOUSE (5+ UNITS)
$49,305,000
Change: -10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$48,765,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$38.81M
Range $34.92M – $42.69M · ±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
$324 / 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
$759,985
Tax year 2023
Assessed value
$63,725,200
Assessed 2024
Previous assessed
$61,289,100
+4.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$49,325,700
Assessed improvement
$14,399,500
Land market value
$49,325,700
Improvement market value
$14,399,500
Total market value
$63,725,200
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
Off-Market
Year built
1993
Heating
NONE
Buildings
5
Stories
1
Units
1
Bathrooms
13
Total area
119,945 SF
Lot
16.26 ac (708,198 SF)
Zoning code
B-1
APN
1-9-9-002-035
UPID
US24-0194840
Jurisdiction
HONOLULU
Zoning & alternative use
B-1 · Honolulu, HI
Zoning B-1 · permitted uses
B-1 · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Honolulu. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$54.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$49.3M
INDUSTRIAL (GENERAL)
Est. value
$48.8M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1993
Heating
NONE
Stories
1
Buildings
5
Units
1
Bathrooms
13
Lot
16.26 ac
Current owner
From public records · entity-resolved
Re Use Hawaii
Individual
Free & Clear · 1 yrs held
Mailing address
1099 ALAKEA ST STE #1100, HONOLULU, HI 96813-4512
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
—
Re Use Hawaii
Stadium Marketplace LLC
Lease
—
Nov 2, 2016
$1,900,000
Ies Retail LLC
Chevron USA INC
Grant Deed
—
Nov 13, 2015
$5,164,387
Autozone Parts INC
Stadium Marketplace LLC
Grant Deed
—
Aug 5, 2004
—
Stadium Marketplace LLC
—
Deed Of Trust
related
$26,000,000 · American Property Financing In
Mar 9, 2000
—
Ross Stores INC
Tjx Companies INC
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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