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Property profile & analytics
OFF-MARKET
Commercial real estate
689 Kamehameha Hwy Pearl City, HI 96782-3222
Entity Owned
Free & Clear
Property ID
US24-0217714
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1971
Total area
3,116 SF
Lot
0.97 ac (42,166 SF)
Zoning code
I-2
APN
1-9-7-019-029
UPID
US24-0217714
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
-
Hawaiian Electric (HECO) Weiberg Location Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shioi Construction INC
Shioi Construction INC
since 2025
3 recorded transactions
Zoning & alternative use
I-2 · Pearl City, 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 Pearl City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pearl City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$3,785,500
Assessed 2024
Previous assessed
$3,781,600
+0.1% YoY
Assessed land
$3,476,200
Assessed improvement
$309,300
Land market value
$3,476,200
Improvement market value
$309,300
Total market value
$3,785,500
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
1971
Heating
NONE
Buildings
2
Stories
1
Units
1
Bathrooms
12
Total area
3,116 SF
Lot
0.97 ac (42,166 SF)
Zoning code
I-2
APN
1-9-7-019-029
UPID
US24-0217714
Jurisdiction
HONOLULU
Zoning & alternative use
I-2 · Pearl City, HIZoning I-2 · permitted uses
I-2 · Pearl City, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Stories
1
Buildings
2
Units
1
Bathrooms
12
Lot
0.97 ac
Current owner
From public records · entity-resolved
Shioi Construction INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 2750, HONOLULU, HI 96840-0001
Ownership since
2025
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
Dec 22, 2025
$8,940,000
Shioi Construction INC
Honolulu LLC
Deed
—
Jun 16, 2016
$2,772,400
Hawaiian Electric Co INC
Honolulu Ltd
Grant Deed
—
Aug 7, 2012
$518,648
Hawaiian Electric Co INC
Honolulu Ltd
Grant Deed
—
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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