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Property profile & analytics
OFF-MARKET
Estimated value
$5,310,000
Commercial real estate
84-627 Makaha Vly Rd Waianae, HI 96792-1750
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US24-0116513
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Total area
14,320 SF
Lot
145.39 ac (6,333,406 SF)
Zoning code
AG-2
APN
1-8-4-002-005
UPID
US24-0116513
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.31M
CAP Approach
CAP
$3.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.31M
Owner & transaction history
Makaha Golf & Resort 2 LLC · 2 yrs held
Makaha Golf & Resort 2 LLC
since 2024
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
AG-2 · Waianae, 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 Waianae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waianae 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
$5,310,000
ML approach
$5,310,000
CAP Approach
CAP Return
Estimation
6%
$4,115,000
6.5%
$3,800,000
7%
$3,530,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,185,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,855,000
Change: -5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,820,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$5.31M
Range $4.78M – $5.84M · ±10% · vs last sale $5.31M (Jul 8 2024)
Last sale anchor
$5.31M
Jul 8 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
$371 / 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
$41,838
Tax year 2023
Assessed value
$7,796,600
Assessed 2024
Previous assessed
$7,340,000
+6.2% YoY
Effective rate
0.54%
On assessed value
Assessed land
$6,586,400
Assessed improvement
$1,210,200
Land market value
$6,586,400
Improvement market value
$1,210,200
Total market value
$7,796,600
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
1970
Heating
NONE
Buildings
4
Stories
1
Rooms
8
Bathrooms
2
Total area
14,320 SF
Lot
145.39 ac (6,333,406 SF)
Zoning code
AG-2
APN
1-8-4-002-005
UPID
US24-0116513
Jurisdiction
HONOLULU
Zoning & alternative use
AG-2 · Waianae, HIZoning AG-2 · permitted uses
AG-2 · Waianae, 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
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
INDUSTRIAL (GENERAL)
Est. value
$5.8M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1970
Heating
NONE
Stories
1
Buildings
4
Rooms
8
Bathrooms
2
Lot
145.39 ac
Current owner
From public records · entity-resolved
Makaha Golf & Resort 2 LLC
Entity
Mailing address
1441 KAPIOLANI BLVD STE #1115, HONOLULU, HI 96814-4406
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
—
Makaha Golf & Resort LLC
—
Deed
related
$1,500,000 · North American Trading Group INC
Jul 8, 2024
—
Makaha Golf & Resort 2 LLC
Kh Makaha 2 LLC
Limited Warranty Deed
$7,500,000 · North American Trading Group INC
Jul 8, 2024
$4,662,638
Makaha Golf & Resort 2 LLC
Kh Makaha 2 LLC
Limited Warranty Deed
—
Jul 8, 2024
$5,308,557
Makaha Golf & Resort LLC
Kh Makaha LLC
Limited Warranty Deed
—
Jul 8, 2024
$10,168,354
Makaha Golf & Resort 3 LLC
Kh Makaha 3 LLC
Limited Warranty Deed
$7,500,000 · North American Trading Group INC
Nov 21, 2023
—
Kr Makaha LLC
—
Deed
related
$5,250,000 · North American Trading Group INC
Aug 4, 2022
$4,260,355
Kh Makaha LLC
Hawaii Mvcc LLC
Limited Warranty Deed
—
Apr 1, 2020
—
Hawaii Mvcc LLC
—
Deed
related
$2,000,000 · Tianjin Dinghui Hongjun Equity
Mar 30, 2012
$6,387,100
Hawaii Mvcc LLC
Ko Olina Makaha East LLC
Grant Deed
related
$3,000,000 · Ko Olina Makaha East LLC
Apr 25, 2011
$235,200,000
Koolina Makaha East II LLC
Honolulu Ltd
Quit Claim Deed
related
—
Dec 23, 2004
$4,428,600
Honolulu Ltd
Nitto Hawaii Co Ltd
Grant Deed
—
—
—
Hawaii Mvcc LLC
—
Deed Of Trust
related
$2,000,000 · Tianjin Dinghui Hongjun Equity
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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