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Property profile & analytics
FOR LEASE
Showrooms
74-5599 Luhia St Kailua Kona, HI 96740
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US24-0132508
For Lease
1 / 6
$640,000
74-5599 Luhia St, Kailua Kona, HI 96740
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1988
Total area
19,140 SF
Lot
1.67 ac (72,615 SF)
Zoning code
4A
APN
3-7-4-015-020
UPID
US24-0132508
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
-
Yoga Love Hawaii Gym & Fitness Center
-
Fun To Jump Kona Party Center Party Supply Store Rental Equipment Company
-
Doggy Detail (Bike/Boat/Book/etc) Store Pet Store & Service
-
Integrated Medicine Institute, Inc. Kona Spa & Massage Center Alternative Medicine Practice
-
Kapiolani Child Protection Center Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$848k
Blend (final)
Blend
$640k
Owner & transaction history
Bank Of Hawaii · 1 yrs held
Bank Of Hawaii
since 2024
Last sale
$642,289
7 recorded transactions
Zoning & alternative use
4A · 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
$640,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $642k (Sep 23 2024)
Last sale anchor
$642k
Sep 23 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
$33 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$42,887
Tax year 2024
Assessed value
$3,801,000
Assessed 2024
Previous assessed
$3,801,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,508,400
Assessed improvement
$2,292,600
Land market value
$1,508,400
Improvement market value
$2,292,600
Total market value
$3,801,000
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
For Lease
Year built
1988
Heating
NONE
Buildings
3
Stories
1
Bathrooms
13
Total area
19,140 SF
Lot
1.67 ac (72,615 SF)
Zoning code
4A
APN
3-7-4-015-020
UPID
US24-0132508
Jurisdiction
HAWAII
Zoning & alternative use
4A · Kailua Kona, HI
Zoning 4A · permitted uses
4A · 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
1988
Heating
NONE
Stories
1
Buildings
3
Bathrooms
13
Lot
1.67 ac
Current owner
From public records · entity-resolved
Bank Of Hawaii
Entity
Mailing address
130 MERCHANT ST, HONOLULU, HI 96813-4405
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
Sep 23, 2024
—
Bank Of Hawaii
Ula Kapa Moe LLC
Assignment Of Lease (leasehold Sale)
—
Mar 7, 2024
$642,290
Luhia Partners
Robert H Ozaki
Lease
—
Nov 15, 2022
—
Ap Wireless Investments I LLC
—
Deed
related
$165,000,000 · Deutsche Bank Trust Co Americas
Nov 10, 2022
—
Ap Wireless Investments I LLC
Associated Partners LP
Assignment Of Lease (leasehold Sale)
—
May 13, 2022
—
Ap Wireless Investments LLC
—
Deed
related
$165,000 · Deutsche Bank Trust Co Americas
Apr 24, 2008
—
Coral Wireless LLC
—
Deed Of Trust
related
$70,000,000 · Anacapa Funding I LLC
Mar 9, 2004
—
Hawaii State
Liliuokalani,tr
Grant Deed
related
—
—
—
Ap Wireless Investments I LLC
—
Deed Of Trust
related
$250,000,000 · Deutsche Bank Trust Co America
—
—
Ap Wireless Investments I LLC
—
Deed Of Trust
related
$115,000 · Deutsche Bk Tr Co Americas
—
—
Luhia Partners
—
Deed Of Trust
related
—
—
—
Luhia Partners
—
Deed Of Trust
related
$2,000,000 · American Savings 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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