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Property profile & analytics
OFF-MARKET
Estimated value
$7,640,000
Commercial real estate
55-510 Kamehameha Hwy Laie, HI 96762-1138
Individually Owned
9-yr Hold
Free & Clear
Property ID
US24-0211354
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,951 SF
Lot
3.64 ac (158,449 SF)
Zoning code
B-1
APN
1-5-5-014-001
UPID
US24-0211354
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
-
Oahu Family Chiropractic Alternative Medicine Practice
-
US Nails Nail Salon
-
Coinstar Kiosk - Bitcoin ATM Currency Exchange Service Kiosk
-
Erick Klein Physician
-
Hawaii Reserves Inc Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.95M
Comparable Approach
Comparable
$10.02M
Blend (final)
Blend
$7.64M
Owner & transaction history
George O A Kaaihue · 9 yrs held
George O A Kaaihue
since 2017
3 recorded transactions
Zoning & alternative use
B-1 · Laie, 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 Laie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laie 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%
$8,610,000
6.5%
$7,950,000
7%
$7,380,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,250,000
Change: -5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$12,175,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$7.64M
Range $6.88M – $8.40M · ±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
$255 / 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
$116,124
Tax year 2023
Assessed value
$9,272,700
Assessed 2024
Previous assessed
$9,446,500
-1.8% YoY
Effective rate
1.25%
On assessed value
Assessed land
$4,357,000
Assessed improvement
$4,915,700
Land market value
$4,357,000
Improvement market value
$4,915,700
Total market value
$9,272,700
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Bathrooms
12
Total area
29,951 SF
Lot
3.64 ac (158,449 SF)
Zoning code
B-1
APN
1-5-5-014-001
UPID
US24-0211354
Jurisdiction
HONOLULU
Zoning & alternative use
B-1 · Laie, HIZoning B-1 · permitted uses
B-1 · Laie, 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.3M
INDUSTRIAL (GENERAL)
Est. value
$12.2M
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
12
Lot
3.64 ac
Current owner
From public records · entity-resolved
George O A Kaaihue
Individual
Free & Clear · 9 yrs held
Mailing address
55-510 KAMEHAMEHA HWY STE #12, LAIE, HI 96762-1119
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2017
—
George O A Kaaihue
Kaaihue,george
Quitclaim Deed
related
—
Dec 19, 2016
—
Barry K Napoleon
Kanaina Charles
Warranty Deed
related
—
—
—
Subway By The Sea LLC
—
Deed Of Trust
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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