New search
Property profile & analytics
FOR LEASE
Commercial real estate
69-201 Waikoloa Beach Dr, Waikoloa, HI 96738
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US24-0228559
For Lease
$7,810,000
69-201 Waikoloa Beach Dr, Waikoloa, HI 96738
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
40,312 SF
Lot
11.72 ac (510,698 SF)
Zoning code
3M
APN
3-6-9-008-017
UPID
US24-0228559
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.81M
Owner & transaction history
Nm Hotel Holdings LLC · 7 yrs held
Nm Hotel Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
3M · Waikoloa, 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 Waikoloa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waikoloa 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,915,000
Current use
Blend value · Realmo final
$7.81M
Range $7.03M – $8.59M · ±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
$194 / 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
$396,659
Tax year 2023
Assessed value
$37,070,900
Assessed 2024
Previous assessed
$37,070,900
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$12,606,100
Assessed improvement
$24,464,800
Land market value
$12,606,100
Improvement market value
$24,464,800
Total market value
$37,070,900
Applied tax rate
3.0000
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
For Lease
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Buildings
10
Stories
2
Total area
40,312 SF
Lot
11.72 ac (510,698 SF)
Zoning code
3M
APN
3-6-9-008-017
UPID
US24-0228559
Jurisdiction
HAWAII
Zoning & alternative use
3M · Waikoloa, HI
Zoning 3M · permitted uses
3M · Waikoloa, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waikoloa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$8.9M
COMMERCIAL (GENERAL) Current
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Buildings
10
Lot
11.72 ac
Current owner
From public records · entity-resolved
Nm Hotel Holdings LLC
Entity
Mailing address
822 BISHOP ST, HONOLULU, HI 96813-3924
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2026
—
Abp Honokohau LLC
—
Deed
related
—
May 22, 2019
$43,200,000
Nm Hotel Holdings LLC
Queens Market LLC
Grant Deed
—
May 22, 2019
$90,000,000
Abp Waikoloa LLC
Queens Market LLC
Grant Deed
—
Aug 12, 2013
—
Hawaiian Bk First
Queens Market LLC
Grant Deed
related
—
Jun 7, 2011
—
Queens Market LLC
—
Deed Of Trust
related
$2,400,000 · First Hawaiian Bank
Jul 2, 2009
—
Queens Market LLC
—
Deed Of Trust
related
$57,205,000 · Capmark Financial INC
Sep 19, 2008
$1,455,274
Italian Restaurant 2 LLC
Owner,record
Grant Deed
related
$900,000 · First Hawaiian Bank
Aug 30, 2005
$10,000,000
Queens Market LLC
Waikoloa Dev Co
Grant Deed
—
—
—
Queens Market LLC
—
Loan Modification
related
$19,400,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
