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Property profile & analytics
OFF-MARKET
Estimated value
$10,250,000
Showrooms
74-5039 Queen Kaahumanu Hwy Ste A Kailua Kona, HI 96740-2703
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US24-0072294
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1990
Total area
19,465 SF
Lot
3.18 ac (138,608 SF)
Zoning code
4I
APN
3-7-4-008-054
UPID
US24-0072294
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
-
Pacific Consulting Services Inc Business Management Consultant
-
Construction Engineering Labs Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.25M
Owner & transaction history
Hawktree Land INC · 3 yrs held
Hawktree Land INC
since 2023
Last sale
$11.5M
3 recorded transactions
Zoning & alternative use
4I · Kailua Kona, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.5M
+217.2%
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
$12,510,000
ML approach
$10,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,465,000
Change: +217% · Conversion: Moderate
Blend value · Realmo final
$10.25M
Range $9.23M – $11.28M · ±10% · vs last sale $11.50M (Jan 3 2023)
Last sale anchor
$11.50M
Jan 3 2023
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
$527 / 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
$59,091
Tax year 2023
Assessed value
$5,522,500
Assessed 2024
Previous assessed
$5,522,500
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,658,200
Assessed improvement
$2,864,300
Land market value
$2,658,200
Improvement market value
$2,864,300
Total market value
$5,522,500
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1990
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
13
Total area
19,465 SF
Lot
3.18 ac (138,608 SF)
Zoning code
4I
APN
3-7-4-008-054
UPID
US24-0072294
Jurisdiction
HAWAII
Zoning & alternative use
4I · Kailua Kona, HI
Zoning 4I · permitted uses
4I · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.5M
APARTMENT HOUSE (5+ UNITS)
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
1990
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
13
Lot
3.18 ac
Current owner
From public records · entity-resolved
Hawktree Land INC
Entity
Mailing address
PO BOX 17865, HONOLULU, HI 96817-0865
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
$11,500,000
Hawktree Land INC
Sja Partnership LLP
Warranty Deed
$4,088,500 · Central Pacific Bank
Jan 3, 2023
—
Kona Transportation Company INC
Sja Partnership LLP
Release/satis. Of Agrem. Of Sale (leasehold)
related
—
—
—
Sja Partnership
—
Deed Of Trust
related
$1,146,039 · Bank Of Hawaii
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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