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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Commercial real estate
54 Maluniu Ave Kailua, HI 96734-2321
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US24-0277929
Property summary
AI-generated overview
This exceptional 780-square-foot retail space is ideally situated at 54 Maluniu Avenue in Kailua, Hawaii, 96734. The property is a single-tenant building offering complete flexibility for a new business. The zoning is B-2, allowing for a variety of commercial uses. Ample parking is available for customers and employees. The building's total square footage is 780 square feet, all of which is currently vacant and ready for immediate occupancy. This location boasts excellent visibility and accessibility, situated on a main thoroughfare in Kailua's vibrant commercial district. The property benefits from its proximity to popular beaches and a thriving local community, attracting both residents and tourists. Nearby established businesses include Whole Foods Market, Foodland, and Target, creating a strong commercial synergy. The APN is 1-4-3-031-027, and the property is located in Honolulu County. This presents a unique opportunity for a business seeking a high-traffic location in a desirable area.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,507 SF
Lot
0.13 ac (5,610 SF)
Zoning code
B-2
APN
1-4-3-031-027
UPID
US24-0277929
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
-
Inspired Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.52M
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$2.51M
Owner & transaction history
Hala 54 LLC · 3 yrs held
Hala 54 LLC
since 2022
Last sale
$3.3M
2 recorded transactions
Zoning & alternative use
B-2 · Kailua, 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 Kailua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kailua 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
$2,480,000
ML approach
$2,520,000
CAP Approach
CAP Return
Estimation
6%
$1,870,000
6.5%
$1,725,000
7%
$1,605,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,985,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,660,000
Change: -11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,645,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±10% · vs last sale $3.32M (Nov 25 2022)
Last sale anchor
$3.32M
Nov 25 2022
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
$385 / 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
$24,147
Tax year 2023
Assessed value
$2,245,600
Assessed 2024
Previous assessed
$1,947,300
+15.3% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,458,600
Assessed improvement
$787,000
Land market value
$1,458,600
Improvement market value
$787,000
Total market value
$2,245,600
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
3
Units
1
Bathrooms
12
Total area
6,507 SF
Lot
0.13 ac (5,610 SF)
Zoning code
B-2
APN
1-4-3-031-027
UPID
US24-0277929
Jurisdiction
HONOLULU
Zoning & alternative use
B-2 · Kailua, HIZoning B-2 · permitted uses
B-2 · Kailua, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Bathrooms
12
Lot
0.13 ac
Current owner
From public records · entity-resolved
Hala 54 LLC
Entity
Mailing address
660 MILOKAI ST, KAILUA, HI 96734-1626
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
—
Hala 54 LLC
—
Deed
related
$700,000 · American Savings Bank Fsb
Nov 25, 2022
$3,315,000
Hala 54 LLC
Charlene Yuk Ing Chang
Warranty Deed
$3,100,000 · American Savings Bank Fsb
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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