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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Parking lots & garages
700 Bishop St, Honolulu, HI 96813-4124
Entity Owned
1-yr Hold
Free & Clear
Property ID
US24-0130643
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1970
Total area
270,498 SF
Lot
1.83 ac (79,878 SF)
Zoning code
BMX-4
APN
1-2-1-013-006
UPID
US24-0130643
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
-
CW Associates, CPAs Accounting Firm Tax Preparation
-
EK Benefits Consulting Insurance Agency
-
Saiki & Associates, LLLC Law Firm
-
Law Offices of John C. Bryant, Jr. LLLC Law Firm Child Welfare Organization
-
Petrovitch Helen MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$1.80M
Owner & transaction history
Downtown Block 4 LLC · 1 yrs held
Downtown Block 4 LLC
since 2025
7 recorded transactions
Zoning & alternative use
BMX-4 · Honolulu, 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 Honolulu submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Honolulu 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
$1,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,515,000
Current use
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±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
$7 / 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
$1,601,585
Tax year 2023
Assessed value
$133,959,100
Assessed 2024
Previous assessed
$133,959,100
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$32,630,200
Assessed improvement
$101,328,900
Land market value
$32,630,200
Improvement market value
$101,328,900
Total market value
$133,959,100
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Units
1
Bathrooms
12
Total area
270,498 SF
Lot
1.83 ac (79,878 SF)
Zoning code
BMX-4
APN
1-2-1-013-006
UPID
US24-0130643
Jurisdiction
HONOLULU
Zoning & alternative use
BMX-4 · Honolulu, HI
Zoning BMX-4 · permitted uses
BMX-4 · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Honolulu. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$1.5M
PARKING LOT 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
1970
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Bathrooms
12
Lot
1.83 ac
Current owner
From public records · entity-resolved
Downtown Block 4 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
700 BISHOP ST STE #200, HONOLULU, HI 96813-4103
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
Downtown Block 4 LLC
Duesenberg Investment Company LLC
Deed
—
Dec 20, 2024
$105,000,000
Downtown Block 4 LLC
Duesenberg Investment Company LLC
Deed
—
Dec 20, 2024
—
Downtown Block 4 LLC
Duesenberg Investment Company LLC
Deed
—
Sep 28, 2023
$590,964
Hawaii Conference Foundation
Duesenberg Investment Company LLC
Lease
—
Jul 31, 2017
—
Voya Retirement Ins & Annuity
Duesenberg Investment Co LLC
Grant Deed
$75,000,000 · Miscellaneous Ins Co
Sep 28, 2015
—
International Brotherhood 1260
Duesenberg Investment Co LLC
Grant Deed
related
—
Jul 7, 2009
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Feb 22, 2005
$377,081
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Jan 17, 2002
—
Duesenberg Investment Co
—
Deed Of Trust
related
$88,500,000 · Security Life Of Denver Ins Co
Nov 9, 2001
$95,000,000
Duesenberg Investment Co
Mfd Partners LLC
Grant Deed
—
—
—
Marco Rizzo
—
Deed Of Trust
related
$215,000 · Countrywide Home Loans INC
—
—
Duesenberg Investment Co LLC
—
Deed Of Trust
related
$75,000,000 · Miscellaneous Ins Co
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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