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Property profile & analytics
OFF-MARKET
Estimated value
$2,740,000
Commercial real estate
845 Kapahulu Ave Honolulu, HI 96816-1428
Entity Owned
1-yr Hold
Free & Clear
Property ID
US24-0573184
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,258 SF
Lot
0.14 ac (6,087 SF)
Zoning code
B-2
APN
1-3-1-003-023
UPID
US24-0573184
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
-
Kaimana Farm Cafe Restaurant
-
Ikawa Business Solutions Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.74M
Owner & transaction history
Hawaii National Bank · 1 yrs held
Hawaii National Bank
since 2025
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
B-2 · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
78 Revised February 6, 2023 a large scale basis. It would also be applied to rural and urban fringe town centers which may or may not be located along major travel routes. (c) The intent of the B-2 community business district is to provide areas for community-wide business establishments, serving several neighborhoods and offering a wider range of uses than…
Zone name
Community Business District
General category
COMMERCIAL
Zone area
491.84 ac
Source
Article 2
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 Honolulu submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Honolulu 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±10% · vs last sale $3.18M (Apr 22 2025)
Last sale anchor
$3.18M
Apr 22 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
$2,178 / 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
$24,199
Tax year 2023
Assessed value
$1,837,600
Assessed 2024
Previous assessed
$1,951,500
-5.8% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,773,700
Assessed improvement
$63,900
Land market value
$1,773,700
Improvement market value
$63,900
Total market value
$1,837,600
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Bathrooms
11
Total area
1,258 SF
Lot
0.14 ac (6,087 SF)
Zoning code
B-2
APN
1-3-1-003-023
UPID
US24-0573184
Jurisdiction
HONOLULU
Zoning & alternative use
B-2 · Honolulu, HIZoning B-2 · permitted uses
B-2 · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
78 Revised February 6, 2023 a large scale basis. It would also be applied to rural and urban fringe town centers which may or may not be located along major travel routes. (c) The intent of the B-2 community business district is to provide areas for community-wide business establishments, serving several neighborhoods and offering a wider range of uses than is permitted in the B-1 district. The intent is to app
Zone name
Community Business District
General category
COMMERCIAL
Zone area
491.84 ac
Source
Article 2
Building & site characteristics
From public records
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Bathrooms
11
Lot
0.14 ac
Current owner
From public records · entity-resolved
Hawaii National Bank
Entity
Free & Clear · 1 yrs held
Mailing address
2135 WAIOLA ST, HONOLULU, HI 96826-2747
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
Hawaii National Bank
Ming Hsien Lee
Deed
related
—
Feb 2, 2023
—
Ming Hsien Le
Ming Hsien Le
Intrafamily Transfer
related
—
Dec 30, 2019
—
Ming Hsien Lee
—
Deed
related
$490,000 · Hawaii National Bank
Dec 28, 2009
—
Ming H Lee
Lee,ming H
Quit Claim Deed
related
—
Mar 28, 2008
$3,183,285
Ming H Lee
Asato Edward S Trust
Warranty Deed
$2,000,000 · Ohana Pacific Bank
—
—
Asato Trust
—
Deed Of Trust
related
$415,000 · Central Pacific Bank
—
—
Ming H Lee
—
Loan Modification
related
$1,100,000 · Hawaii Nat'l Bk
—
—
Ming H Lee
—
Loan Modification
related
$480,000 · Hawaii Nat'l Bk
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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