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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Showrooms
74-5615 Luhia St Kailua Kona, HI 96740-3622
Entity Owned
1-yr Hold
Free & Clear
Property ID
US24-0311988
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1987
Construction
STEEL FRAME
Total area
21,980 SF
Lot
1.68 ac (73,050 SF)
Zoning code
4A
APN
3-7-4-015-022
UPID
US24-0311988
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
-
Kona Roofing Experts Roofing Company General Contractor
-
Aloha Blinds & Shutters (Bike/Boat/Book/etc) Store Home Decor Store
-
Midas Kailua-Kona Auto Repair Shop
-
Hawaii Sanctuary by Saima Day Spa Alternative Medicine Practice Spa & Massage Center
-
Kona Diving Company Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$762k
Blend (final)
Blend
$1.18M
Owner & transaction history
Pereira Of Hawaii INC · 1 yrs held
Pereira Of Hawaii INC
since 2025
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
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$54 / 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
$38,527
Tax year 2024
Assessed value
$3,414,600
Assessed 2024
Previous assessed
$3,414,600
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,601,700
Assessed improvement
$1,812,900
Land market value
$1,601,700
Improvement market value
$1,812,900
Total market value
$3,414,600
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
1987
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Total area
21,980 SF
Lot
1.68 ac (73,050 SF)
Zoning code
4A
APN
3-7-4-015-022
UPID
US24-0311988
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
1987
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Lot
1.68 ac
Current owner
From public records · entity-resolved
Pereira Of Hawaii INC
Entity
Free & Clear · 1 yrs held
Mailing address
130 MERCHANT ST STE #1100, HONOLULU, HI 96813-4405
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
$1,446,882
Pereira Of Hawaii INC
Palm Terrace Leasing LLC
Deed
related
—
Sep 23, 2024
—
Bank Of Hawaii
Ula Kapa Moe LLC
Assignment Of Lease (leasehold Sale)
—
May 28, 2020
—
Palm Terrace Leasing LLC
—
Deed
related
$200,000 · Bank Of Hi
Oct 20, 2016
$717,752
Palm Terrace Leasing LLC
Liliuokalani Queen Trust
Grant Deed
—
Oct 19, 2016
—
Palm Terrace Leasing LLC
Community Foun Of Monterey Cnt 1
Grant Deed
related
—
Jul 18, 2008
$10,000
Community Foun Of Monterey Cnty R
Community Foun Of Monterey Cnty
Grant Deed
related
—
Apr 7, 2008
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Mar 7, 2008
$1,000
Community Foun Of Monterey Cnty
Futer Rudolph E 1 C R U
Grant Deed
related
—
—
—
Palm Terrace Leasing LLC
—
Deed Of Trust
related
$200,000 · Bank Of Hi
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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