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Property profile & analytics
OFF-MARKET
Estimated value
$34,065,000
Industrial land
866 Iwilei Rd Ste 235, Honolulu, HI 96817-5313
Entity Owned
1-yr Hold
Free & Clear
Property ID
US24-0163934
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1959
Total area
135,030 SF
Lot
3.01 ac (131,215 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-1-5-007-009
UPID
US24-0163934
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$34.07M
Owner & transaction history
Carole Kai Charities INC · 1 yrs held
Carole Kai Charities INC
since 2024
7 recorded transactions
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$55.5M
+1.1%
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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$54,900,000
Current use
APARTMENT HOUSE (5+ UNITS)
$55,505,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$34.07M
Range $30.66M – $37.47M · ±10%
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
$252 / 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
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Bathrooms
11
Total area
135,030 SF
Lot
3.01 ac (131,215 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-1-5-007-009
UPID
US24-0163934
Jurisdiction
HONOLULU
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Honolulu, HI
Zoning IMX-1 IND-COMM MIXED USE · permitted uses
IMX-1 IND-COMM MIXED USE · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Honolulu. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$54.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$55.5M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1959
Heating
NONE
Stories
1
Bathrooms
11
Lot
3.01 ac
Current owner
From public records · entity-resolved
Carole Kai Charities INC
Entity
Free & Clear · 1 yrs held
Mailing address
860 S IWILEI RD STE #101, HONOLULU, HI 96817-5018
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
—
Carole Kai Charities INC
City & County Of Honolulu
Lease
—
Sep 24, 2024
—
Ihs The Institute For Human Service
City & County Of Honolulu
Lease
—
Jan 5, 2024
$1,500,000
City And County Of Honolulu
Iwilei Center LLC
Warranty Deed
—
Dec 17, 2019
—
Owner Name Unavailable
Iwilei Center LLC
Grant Deed
related
—
Jul 1, 2019
$29,600,261
Iwilei Center LLC
300 LLC
Grant Deed
—
Jun 26, 2019
—
Dillingham Corp
300 LLC
Grant Deed
related
—
Aug 2, 2012
$252,720
Carole Kai Charities INC
300 Corp
Grant Deed
—
Jan 13, 2010
—
Assistive Technology Rsrc Cent
300 Corp
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.
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