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Property profile & analytics
FOR LEASE
Showrooms
74-5605 Luhia St Kailua Kona, HI 96740
Entity Owned
~
Est. High Equity
Property ID
US24-0139507
For Lease
1 / 22
$1,190,000
74-5605 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
1.64 ac (71,264 SF)
Zoning code
4A
APN
3-7-4-015-021
UPID
US24-0139507
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
-
Mona-Grams Uniforms & Embroidery Production Facility Textile Manufacturer
-
Discount Fabric Warehouse (Bike/Boat/Book/etc) Store
-
BARCODE KARAOKE Bar & Pub Nightclub
-
Singer Sewing Center-Kona (Bike/Boat/Book/etc) Store
-
Coin Cloud Bitcoin ATM Currency Exchange Service Kiosk
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$816k
Blend (final)
Blend
$1.19M
Owner & transaction history
Goodwill Industries Of Hawaii INC
Goodwill Industries Of Hawaii INC
since 2026
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
by Request
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10%
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
$62 / 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
$33,957
Tax year 2024
Assessed value
$3,656,400
Assessed 2024
Previous assessed
$3,656,400
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,480,300
Assessed improvement
$2,176,100
Land market value
$1,480,300
Improvement market value
$2,176,100
Total market value
$3,656,400
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
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
13
Total area
19,140 SF
Lot
1.64 ac (71,264 SF)
Zoning code
4A
APN
3-7-4-015-021
UPID
US24-0139507
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
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
13
Lot
1.64 ac
Current owner
From public records · entity-resolved
Goodwill Industries Of Hawaii INC
Entity
Mailing address
130 MERCHANT ST, HONOLULU, HI 96813-4405
Ownership since
2026
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
Jan 29, 2026
—
Goodwill Industries Of Hawaii INC
Luhia Partners
Deed
—
Sep 23, 2024
—
Bank Of Hawaii
Ula Kapa Moe LLC
Assignment Of Lease (leasehold Sale)
—
Mar 7, 2024
$630,146
Luhia Partners
Robert H Ozaki
Lease
—
Dec 19, 2023
—
Goodwill Industries Of Hawaii INC
Luhia Partners
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
Oct 28, 2010
—
Luhia Partners
—
Deed Of Trust
related
$2,000,000 · American Savings Bank
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
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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