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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Showrooms
73-5582 Olowalu St Kailua Kona, HI 96740-2676
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US24-0273624
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1986
Construction
STEEL FRAME
Total area
13,624 SF
Lot
1 ac (43,688 SF)
Zoning code
4H
APN
3-7-3-051-023
UPID
US24-0273624
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
-
Farm & Garden Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.79M
Owner & transaction history
Ness Pacific Group LLC · 6 yrs held
Ness Pacific Group LLC
since 2020
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
4H · 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
Method
Estimation
Statistic approach
$2,715,000
ML approach
$2,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,310,000
Current use
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±10% · vs last sale $2.90M (Apr 17 2020)
Last sale anchor
$2.90M
Apr 17 2020
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
$205 / 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
$24,859
Tax year 2023
Assessed value
$2,323,300
Assessed 2024
Previous assessed
$2,323,300
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,171,800
Assessed improvement
$1,151,500
Land market value
$1,171,800
Improvement market value
$1,151,500
Total market value
$2,323,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
1
Bathrooms
13
Total area
13,624 SF
Lot
1 ac (43,688 SF)
Zoning code
4H
APN
3-7-3-051-023
UPID
US24-0273624
Jurisdiction
HAWAII
Zoning & alternative use
4H · Kailua Kona, HI
Zoning 4H · permitted uses
4H · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
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
1986
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
1
Bathrooms
13
Lot
1 ac
Current owner
From public records · entity-resolved
Ness Pacific Group LLC
Entity
Mailing address
16945 CAMINO SAN BERNARDO, SAN DIEGO, CA 92127-2405
Ownership since
2020
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
Apr 17, 2020
—
Ness Pacific Group LLC
Kaloko Aina LLC
Warranty Deed
$2,248,000 · Jpmorgan Chase Bank NA
Sep 28, 2017
—
Kaloko Aina LLC
—
Deed
related
$632,000 · Hawaiiusa FCU
Feb 7, 2017
—
Kaloko Aina LLC
—
Deed
related
$650,000 · First Hawaiian Bk
Oct 30, 2013
—
Hawaiian Bk First
Kaloko Aina LLC
Grant Deed
related
—
Sep 4, 2003
$1,133,400
Kaloko Aina LLC
Crossley,michael J & Marie K
Grant Deed
—
—
—
Kaloko Aina LLC
—
Deed Of Trust
related
$600,000 · First Hawaiian Bank
—
—
Michael J Crossley
—
Deed Of Trust
related
$1,068,000 · First Hawaiian Bank
—
—
Kaloko Aina LLC
—
Loan Modification
related
$850,000 · First Hawaiian Bk
—
—
Ahualoa Aina LLC
—
Loan Modification
related
$650,000 · First Hawaiian Bk
—
—
Kaloko Aina LLC
—
Loan Modification
related
$650,000 · First Hawaiian Bk
—
—
Michael J Crossley
—
Deed Of Trust
related
$1,000,000 · Hawaiiusa FCU
—
—
Kaloko Aina LLC
—
Deed Of Trust
related
$632,000 · Hawaiiusa FCU
—
—
Michael J Crossley
—
Deed Of Trust
related
$200,000 · 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.
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