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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Residential income homes
736 Mahiai St, Honolulu, HI 96826-5632
Entity Owned
2-yr Hold
Free & Clear
Property ID
US24-0048507
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1955
Total area
2,392 SF
Lot
0.15 ac (6,708 SF)
Zoning code
A-2
APN
1-2-7-022-012
UPID
US24-0048507
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
$1.18M
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.18M
Owner & transaction history
Albert C Kobayashi INC · 2 yrs held
Albert C Kobayashi INC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
A-2 · 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
$1,175,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,060,000
Current use
COMMERCIAL (GENERAL)
$880,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.18M (Apr 30 2024)
Last sale anchor
$1.18M
Apr 30 2024
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
$491 / 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
$5,105
Tax year 2023
Assessed value
$1,550,100
Assessed 2024
Previous assessed
$1,550,100
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$1,385,000
Assessed improvement
$165,100
Land market value
$1,385,000
Improvement market value
$165,100
Total market value
$1,550,100
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1955
Heating
NONE
Buildings
2
Stories
1
Units
1
Rooms
3
Bathrooms
1
Total area
2,392 SF
Lot
0.15 ac (6,708 SF)
Zoning code
A-2
APN
1-2-7-022-012
UPID
US24-0048507
Jurisdiction
HONOLULU
Zoning & alternative use
A-2 · Honolulu, HI
Zoning A-2 · permitted uses
A-2 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$880,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1955
Heating
NONE
Stories
1
Buildings
2
Units
1
Rooms
3
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Albert C Kobayashi INC
Entity
Free & Clear · 2 yrs held
Mailing address
94-535 UKEE ST, WAIPAHU, HI 96797-4275
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
—
Albert C Kobayashi INC
Dennis Francis Yasuhide Horikawa
Warranty Deed
—
Apr 30, 2024
$1,175,000
Albert C Kobayashi INC
Dennis Francis Yasuhide Horikawa
Warranty Deed
—
Sep 10, 2018
—
Horikawa,james & Joyce L Trust
Horikawa Shizu Trust
Quit Claim Deed
related
—
Jun 29, 2017
—
Horikawa,james & Joyce Trust
Horikawa,james Y & Joyce K
Quit Claim Deed
related
—
Aug 1, 2008
—
Michael Y Horikawa
Horikawa,michael Y
Quit Claim Deed
related
—
Dec 27, 2004
—
Duckworth Carolyn Y Trust
Duckworth,carolyn Y
Quit Claim Deed
related
—
Apr 23, 2004
—
Carolyn Y Duckworth
Horikawa,doris M
Grant Deed
related
—
Mar 29, 2004
—
Carolyn Y Duckworth
Horikawa,doris M
Grant Deed
related
—
Mar 10, 2004
—
Carolyn T Duckworth
Horikawa,doris M
Grant Deed
related
—
Jan 26, 2004
—
Garolyn Y Duckworth
Horikawa,doris M
Grant Deed
related
—
Dec 26, 2003
—
Carolyn Y Duckworth
Horikawa,doris M
Grant Deed
related
—
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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