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    Property profile & analytics

    509 Kawainui St Kailua, HI 96734-2409

    • Residential income homes
    • 3,818 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US24-0345936
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Iku's Barber & Hair Styling / Barber Shop
    • Kailua pawn & Gold Pawn Shop / Pawn Shop
    • Loyalty Tattoo Kailua / Tattoo Shop / Body Piercing Shop
    • Shear Bliss / Hair Salon

    Property Details for 509 Kawainui St

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.13 lot acres
    Property size
    3,818 SF
    Zone code
    B-2
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    1-4-3-059-050
    APU
    143059050

    Description

    This fee-simple Kailua shopping center presents a rare investment opportunity. Located at 509 Kawainui St, this two-story, 3,200 square foot building sits on a 5,646 square foot lot and boasts eight units, currently 98% occupied. Built in 1958, the property features four ground-floor retail tenants and three second-floor residential units (one vacancy pending renovations). The B-2 zoning allows for diverse commercial uses, benefiting from high-visibility signage in a desirable, high-demand location. The property offers immediate cash flow and significant upside potential through strategic renovations, capitalizing on Kailua's robust retail and residential rental markets. The high occupancy rate and strong demographics make this a compelling investment for owner-users seeking predictable expenses and flexible income streams. This property is a prime example of a mixed-use investment in a thriving Hawaiian community. The building's location in Kailua, known for its outdoor lifestyle and affluent residents, ensures a strong customer base for retail tenants and high rental rates for residential units. The existing lease agreements provide immediate cash flow, while the potential for renovations and lease adjustments offers further growth opportunities. The flexible B-2 zoning allows for a variety of commercial uses, enhancing the property's versatility and appeal to potential tenants. This is a unique chance to acquire a well-positioned asset in a highly sought-after market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kailua
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.746
    Latitude
    21.3966
    CBSA code
    46520
    CBSA name
    URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,799
    $1,468,000
    $236,800
    $1,704,800
    -
    $1,468,000
    $236,800
    $1,704,800

    Comparable in this City

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      560 Wailepo St

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      129 Alala Rd

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      607 Wailepo St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,384 SF
      607 Wailepo St, Kailua, HI 96734-6119
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    • Value Estimation by Request
      31,457 SF

      25 Aulike St

      APARTMENT HOUSE (UNDER 5 UNITS) • 31,457 SF
      25 Aulike St, Kailua, HI 96734-2746
      View Details

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    Kailua, HI 96734-2409
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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