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Property profile & analytics
FOR LEASE
Commercial real estate
75-971 Henry St Kailua Kona, HI 96740
Entity Owned
3-yr Hold
Free & Clear
Property ID
US24-0185449
For Lease
1 / 3
Contact for pricing
75-971 Henry St, Kailua Kona, HI 96740
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Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2020
Lot
19.55 ac (851,467 SF)
Zoning code
3C
APN
3-7-5-004-007
UPID
US24-0185449
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
-
Western Union Bank Credit Union
-
Bank of Hawaii Bank Loan Service
-
Starbucks Cafe & Coffee Shop
-
Safeway Grocery & Convenience Store Food Market
-
Bank of Hawaii ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
First Hawaiian Bank · 3 yrs held
First Hawaiian Bank
since 2023
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$708,053
Tax year 2023
Assessed value
$56,888,500
Assessed 2024
Previous assessed
$56,871,700
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$24,632,900
Assessed improvement
$32,255,600
Land market value
$24,632,900
Improvement market value
$32,255,600
Total market value
$56,888,500
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
For Lease
Year built
2020
Heating
NONE
Buildings
4
Units
1
Lot
19.55 ac (851,467 SF)
Zoning code
3C
APN
3-7-5-004-007
UPID
US24-0185449
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
2020
Heating
NONE
Buildings
4
Units
1
Lot
19.55 ac
Current owner
From public records · entity-resolved
First Hawaiian Bank
Entity
Free & Clear · 3 yrs held
Mailing address
307 LEWERS ST FL #6, HONOLULU, HI 96815-2364
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
—
First Hawaiian Bank
Wpc Niumalu LLC
Assignment Of Lease (leasehold Sale)
—
Mar 16, 2023
$66,000,000
Wpc Niumalu LLC
Kona Owner LLC
Warranty Deed
$52,800,000 · First Hawaiian Bank
Dec 16, 2019
—
Kona Owner LLC
—
Grant Deed
related
$1,750,000 · Centennial Bk
Mar 29, 2018
$24,625,000
Kona Owner LLC
Prii Westwood Lanihau Expansio
Grant Deed
—
Mar 29, 2018
—
Kona Owner LLC
Prii Westwood Lanihau Expansio
Quit Claim Deed
related
—
Mar 13, 2008
$22,250,000
Prii Westwood Lanihau Expansio
Kki INC
Grant Deed
—
Dec 5, 2006
$1,000
Prii Westwood Lanihau Expansio
A & B Properties INC
Grant Deed
related
—
Sep 16, 2005
—
A & B Properties INC
Lanihau Partners
Grant Deed
related
—
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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