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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Warehouses
500 Alakawa St WA79, Honolulu, HI 96817-4593
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0241395
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Construction
STEEL FRAME
Total area
10,100 SF
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-1-5-015-011-0079
UPID
US24-0241395
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
-
AA Electric, Ltd. Electrical Service General Contractor
-
United Food Inc Grocery & Convenience Store Food Market
-
Wisteria Lane Flooring - Honolulu, HI Carpet & Flooring Store Hardware & Home Improvement
-
CRENATUS INC Big Box & Wholesale Store
-
Waltz Engineering, Inc. Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.10M
Owner & transaction history
Hawaii Natl Bk · 7 yrs held
Hawaii Natl Bk
since 2018
6 recorded transactions
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$108 / 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
$18,041
Tax year 2023
Assessed value
$1,484,800
Assessed 2024
Previous assessed
$1,484,800
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,037,500
Assessed improvement
$447,300
Land market value
$1,037,500
Improvement market value
$447,300
Total market value
$1,484,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
12
Total area
10,100 SF
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-1-5-015-011-0079
UPID
US24-0241395
Jurisdiction
HONOLULU
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Honolulu, HI
Zoning IMX-1 IND-COMM MIXED USE · permitted uses
IMX-1 IND-COMM MIXED USE · 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.
Building & site characteristics
From public records
Year built
1964
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Bathrooms
12
Current owner
From public records · entity-resolved
Hawaii Natl Bk
Individual
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Oct 3, 2018
$150,000
Hawaii Natl Bk
Kang,bum S & Jennie
Grant Deed
related
—
Aug 18, 2009
—
Bum S Kang
—
Deed Of Trust
related
$3,000,000 · First Hawaiian Bank
Jul 17, 2001
$900,000
Bum S Kang
Swc Productions INC
Grant Deed
—
—
—
Swc Productions INC
—
Deed Of Trust
related
$250,000 · Hawaii National Bank
—
—
Bum S Kang
—
Deed Of Trust
related
$1,000,000 · First Hawaiian Bank
—
—
Bum S Kang
—
Deed Of Trust
related
$1,350,000 · First Hawaiian Bank
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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