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Property profile & analytics
OFF-MARKET
Commercial real estate
72-197 Waiulu St8-a, Kailua Kona, HI 96740-0027
Entity Owned
~
Est. High Equity
Property ID
US24-0306223
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Total area
4,272 SF
Lot
1.19 ac (51,879 SF)
Zoning code
7P
APN
3-7-2-012-008
UPID
US24-0306223
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
by Request
Owner & transaction history
Hualalai Owner LLC
Hualalai Owner LLC
since 2025
Last sale
$83.6M
7 recorded transactions
Zoning & alternative use
7P · Kailua Kona, 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 Kona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kailua Kona 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
Tax billed
$42,695
Tax year 2023
Assessed value
$3,696,500
Assessed 2024
Previous assessed
$3,696,500
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,428,700
Assessed improvement
$2,267,800
Land market value
$1,428,700
Improvement market value
$2,267,800
Total market value
$3,696,500
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
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
2002
Heating
NONE
Cooling
CENTRAL
Buildings
2
Total area
4,272 SF
Lot
1.19 ac (51,879 SF)
Zoning code
7P
APN
3-7-2-012-008
UPID
US24-0306223
Jurisdiction
HAWAII
Zoning & alternative use
7P · Kailua Kona, HI
Zoning 7P · permitted uses
7P · Kailua Kona, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kailua Kona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Cooling
Yes
Buildings
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Hualalai Owner LLC
Entity
Mailing address
PO BOX 3466, HONOLULU, HI 96801-3466
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2026
—
Hualalai Investors LLC
—
Deed
related
$650,000 · Jpmorgan Chase Bank NA
Aug 21, 2025
$83,641,500
Hualalai Owner LLC
Crystal Kauilani Rose
Deed
—
Aug 21, 2025
—
Hualalai Owner LLC
—
Deed
related
$235,000 · Jpmorgan Chase Bank NA
Dec 3, 2024
—
Goldman Sachs Mortgage Company
Goldman Sachs Bank USA
Deed
—
Aug 13, 2024
—
Hualalai Investors LLC
—
Deed
related
$400,000 · Jpmorgan Chase Bank NA
Jul 6, 2018
—
Hualalai Investors LLC
—
Grant Deed
related
$450,000,000 · Goldman Sachs Mtg
Jul 30, 2015
—
Ccre Loan Seller V LLC
Cantor Coml R/e Lndg LP
Grant Deed
—
Jun 1, 2006
$285,411,000
Hualalai Investors LLC
Kaupulehu Makai Venture
Grant Deed
—
Jun 1, 2006
—
Hualalai Investors LLC
Kaupulehu Makai Venture
Deed Of Trust
related
$412,500,000 · German Am Cap
Sep 1, 2000
—
Makai Venture Kaupulehu
—
Deed Of Trust
related
$199,000,000 · Kajima Kona Holdings INC
Dec 23, 1999
$286,300
Trustees Of Estate Of Bernice
Kaupulehu Makai Venture
Grant Deed
—
—
—
Hualalai Investors LLC
—
Deed Of Trust
related
$375,000,000 · Cantor Com'l R/e Lndg
—
—
Hualalai Investores LLC
—
Deed Of Trust
related
$225,000,000 · Starwood Property Mortgage LLC
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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