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Property profile & analytics
OFF-MARKET
Estimated value
$3,140,000
Commercial real estate
75-5597 Palani Rd, Kailua Kona, HI 96740-1661
Entity Owned
Free & Clear
Property ID
US24-0409269
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1984
Construction
WOOD
Total area
2,952 SF
Lot
0.69 ac (30,013 SF)
Zoning code
3C
APN
3-7-5-004-039
UPID
US24-0409269
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
-
Brett Carey Physician
-
Fitness Forever Kailua-Kona Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.14M
Owner & transaction history
Aytan Enterprise LLC
Aytan Enterprise LLC
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
3C · 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
$3,520,000
ML approach
$3,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.14M
Range $2.83M – $3.45M · ±10% · vs last sale $2.85M (Jun 2 2025)
Last sale anchor
$2.85M
Jun 2 2025
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
$1,064 / 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
$19,119
Tax year 2023
Assessed value
$1,535,700
Assessed 2024
Previous assessed
$1,535,700
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$936,700
Assessed improvement
$599,000
Land market value
$936,700
Improvement market value
$599,000
Total market value
$1,535,700
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,952 SF
Lot
0.69 ac (30,013 SF)
Zoning code
3C
APN
3-7-5-004-039
UPID
US24-0409269
Jurisdiction
HAWAII
Zoning & alternative use
3C · Kailua Kona, HI
Zoning 3C · permitted uses
3C · 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
1984
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Aytan Enterprise LLC
Entity
Free & Clear · 0 yrs held
Mailing address
530 B ST STE #2050, SAN DIEGO, CA 92101-4496
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
Dec 15, 2025
—
Aytan Enterprise LLC
—
Deed
related
$1,400,000 · Bank Of Hawaii
Sep 2, 2025
$2,850,000
Aytan Enterprise LLC
Kailua Kona 1031 LLC
Deed
—
Jul 6, 2023
—
Greenjack LLC
Greenjack LLC
Deed
$2,624,000 · Central Pacific Bank
Jul 6, 2023
$3,000,000
Greenjack LLC
2710 Tempe Nnn LLC
Deed
—
Aug 9, 2021
$3,904,620
Kailua Kona 1031 LLC
Lanihau Properties LLC
Limited Warranty Deed
—
Aug 9, 2021
$1,095,380
2710 Tempe Nnn LLC
Lanihau Properties LLC
Deed
—
Sep 30, 2002
—
Kazi Restaurants Of Hawaii INC
Oahu Restaurants INC
—
related
—
Jan 25, 2001
$13,222,700
Lanihau Partners LP
—
Grant Deed
related
—
—
—
Lanihau Properties LLC
—
Deed Of Trust
related
$2,809 · 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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