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Property profile & analytics
OFF-MARKET
Estimated value
$3,005,000
Commercial real estate
75-5722 Hanama Pl Kailua Kona, HI 96740-1757
Entity Owned
2-yr Hold
Free & Clear
Property ID
US24-0374419
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,462 SF
Lot
1.47 ac (63,946 SF)
Zoning code
7A
APN
3-7-5-007-033
UPID
US24-0374419
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
-
Herbivores Restaurant
-
Science Lab Hawaii / Sports Performance & Recovery Gym & Fitness Center
-
Hawaii Department of Human Services Social Service Agency Charitable Organization
-
Black Lava Vape Kona (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
1st To Work In Child Care Department Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$3.01M
Owner & transaction history
County Of Hawaii · 2 yrs held
County Of Hawaii
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
7A · 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
$3,005,000
ML approach
$3,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,960,000
Current use
Blend value · Realmo final
$3.01M
Range $2.70M – $3.31M · ±10% · vs last sale $3.01M (Feb 27 2024)
Last sale anchor
$3.01M
Feb 27 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
$172 / 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
$26,656
Tax year 2023
Assessed value
$3,434,300
Assessed 2024
Previous assessed
$3,434,300
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,588,900
Assessed improvement
$1,845,400
Land market value
$1,588,900
Improvement market value
$1,845,400
Total market value
$3,434,300
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
12
Total area
17,462 SF
Lot
1.47 ac (63,946 SF)
Zoning code
7A
APN
3-7-5-007-033
UPID
US24-0374419
Jurisdiction
HAWAII
Zoning & alternative use
7A · Kailua Kona, HIZoning 7A · permitted uses
7A · Kailua Kona, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
12
Lot
1.47 ac
Current owner
From public records · entity-resolved
County Of Hawaii
Entity
Free & Clear · 2 yrs held
Mailing address
45 N KING ST, HONOLULU, HI 96817-5107
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2024
—
County Of Hawaii
D&l Fujimoto LLC
Deed
—
Feb 27, 2024
—
Hawaii National Bank
Sefton R Clark
Release/satis. Of Agrem. Of Sale (leasehold)
related
—
Oct 1, 2021
$3,007,000
D & L Fujimoto LLC
Clark Holdings LLC
Warranty Deed
$2,000,000 · Aloha Pacific FCU
Oct 14, 2008
—
Clark Holdings LLC
—
Deed Of Trust
related
$2,130,000 · Hawaii National Bank
Jul 10, 2006
$4,871,862
Clark Holdings LLC
Tajiri H S & H H Trust
Grant Deed
related
—
Feb 27, 2004
$2,925,100
Tajiri,tr
Yamagata,gary
Grant Deed
$2,000,000 · Hawaii National Bank
Feb 27, 2004
$2,130,000
Gary Yamagata
Pacific Warehouse INC
Grant Deed
—
Mar 3, 2000
$2,100,000
Kona Ohana Center INC
Pacific Warehouse INC
Grant Deed
$1,900,000 · Seller
—
—
Clark Holdings LLC
—
Deed Of Trust
related
$2,100,000 · Hawaii National Bank
—
—
Harvey S Tajiri
—
Deed Of Trust
related
$291,000 · Hawaii National Bank
—
—
Harvey S Tajiri
—
Deed Of Trust
related
$300,000 · Hawaii National Bank
—
—
Harvey S Tajiri
—
Deed Of Trust
related
$209,000 · Hawaii National Bank
—
—
Clark Holdings LLC
—
Deed Of Trust
related
$2,930,000 · Hawaii National Bank
—
—
Clark Holdings LLC
—
Deed Of Trust
related
$1,632,925 · First Hawaiian 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.
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