Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Showrooms
89-406 Mamalahoa Hwy Captain Cook, HI 96704-8941
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US24-0343312
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1979
Construction
STEEL FRAME
Total area
5,000 SF
Lot
14.95 ac (651,439 SF)
Zoning code
5E
APN
3-8-9-012-008
UPID
US24-0343312
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
-
Mac Farms of Hawaii Inc Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$2.82M
Owner & transaction history
Hpp America INC · 3 yrs held
Hpp America INC
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
5E · Captain Cook, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.7M
+143.1%
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 Captain Cook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Captain Cook 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
$2,955,000
ML approach
$2,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,690,000
Change: +143% · Conversion: Moderate
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±10% · vs last sale $2.72M (Jun 30 2023)
Last sale anchor
$2.72M
Jun 30 2023
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
$563 / 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
$26,613
Tax year 2023
Assessed value
$2,489,100
Assessed 2024
Previous assessed
$2,489,100
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$139,300
Assessed improvement
$2,349,800
Land market value
$259,600
Improvement market value
$2,349,800
Total market value
$2,609,400
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
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Buildings
8
Stories
1
Units
1
Bathrooms
12
Total area
5,000 SF
Lot
14.95 ac (651,439 SF)
Zoning code
5E
APN
3-8-9-012-008
UPID
US24-0343312
Jurisdiction
HAWAII
Zoning & alternative use
5E · Captain Cook, HI
Zoning 5E · permitted uses
5E · Captain Cook, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Captain Cook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
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
1979
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
8
Units
1
Bathrooms
12
Lot
14.95 ac
Current owner
From public records · entity-resolved
Hpp America INC
Entity
Mailing address
851 FT ST MALL STE #200, HONOLULU, HI 96813-4300
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
—
Hpp America INC
Macfarms LLC
Limited Warranty Deed
—
Apr 6, 2021
—
Macfarms LLC
—
Deed
related
$8,000,000 · American Agcredit Aca
Jan 30, 2020
—
Macfarms LLC
—
Deed
related
$16,813,625 · Greensill Capital (uk) Ltd
Feb 13, 2017
—
Macfarms LLC
—
Grant Deed
related
$15,000,000 · Zing Investment Spv Pty Ltd
Dec 3, 2014
$101,388
Macfarms LLC
Mf Nut Co LLC
Grant Deed
$15,000,000 · Rabo Australia Ltd
Dec 3, 2014
—
Macfarms LLC
Mf Nut Co LLC
Grant Deed
related
—
Dec 9, 2008
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Aug 20, 2008
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Aug 11, 2008
$1,146
Buderim Macadamias Of Hawaii L
Mac Farms Of Hawaii LLC
Grant Deed
related
—
Jun 27, 2003
$390,000
Mac Farms Of Hawaii LLC
Mac Farms Of Hawaii INC
Grant Deed
related
$15,500,000 · Valley Independent Bank
—
—
Macfarms LLC
—
Deed Of Trust
related
$16,813,625 · Greensill Capital (uk) Ltd
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 89-406 Mamalahoa Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
