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Property profile & analytics
OFF-MARKET
Estimated value
$5,815,000
Warehouses
905 Kalanianaole Hwy Kailua, HI 96734-4645
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0546686
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
STEEL FRAME
Total area
28,700 SF
Lot
22.26 ac (969,776 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-4-2-015-013
UPID
US24-0546686
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
-
Tonys Autowerks Auto Repair Shop
-
Jump Ship CrossFit - Kailua Gym & Fitness Center
-
RNS Automotive Auto Repair Shop
-
Vintage VW Motorcycle Kustom & Performance Auto Repair Shop Insurance Agency
-
Pine Valley Power Electric Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.04M
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$5.82M
Owner & transaction history
Kapaa I LLC · 2 yrs held
Kapaa I LLC
since 2023
7 recorded transactions
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Kailua, 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kailua 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%
$7,620,000
6.5%
$7,035,000
7%
$6,535,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,200,000
Current use
Blend value · Realmo final
$5.82M
Range $5.23M – $6.40M · ±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
$203 / 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
$226,802
Tax year 2023
Assessed value
$55,747,600
Assessed 2024
Previous assessed
$55,747,600
+0.0% YoY
Effective rate
0.41%
On assessed value
Assessed land
$38,482,400
Assessed improvement
$17,265,200
Land market value
$38,482,400
Improvement market value
$17,265,200
Total market value
$55,747,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
NONE
Buildings
14
Stories
1
Units
1
Total area
28,700 SF
Lot
22.26 ac (969,776 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-4-2-015-013
UPID
US24-0546686
Jurisdiction
HONOLULU
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Kailua, HIZoning I-2 INDUSTRIAL-GENERAL · permitted uses
I-2 INDUSTRIAL-GENERAL · Kailua, 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
WAREHOUSE, STORAGE Current
Est. value
$7.2M
WAREHOUSE, STORAGE Current
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
2006
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
14
Units
1
Lot
22.26 ac
Current owner
From public records · entity-resolved
Kapaa I LLC
Entity
Free & Clear · 2 yrs held
Mailing address
907 KALANIANAOLE HWY, KAILUA, HI 96734-4600
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
—
Kapaa III LLC
—
Deed
related
$50,000,000 · Central Pacific Bank
Sep 5, 2023
—
Kapaa I LLC
Kapaa III LLC
Quit Claim Deed
related
—
Sep 8, 2022
—
Kapaa III LLC
—
Deed
related
$8,000,000 · Central Pacific Bank
Sep 19, 2019
—
Kapaa III LLC
—
Deed
related
$58,000,000 · Central Pacific Bk
Nov 22, 2016
—
Kapaa III LLC
—
Deed
related
$50,000,000 · Central Pacific Bk
Jun 29, 2007
$8,151,100
Kapaa III LLC
Kapaa I LLC
Warranty Deed
related
—
—
—
Kapaa III LLC
—
Loan Modification
related
$58,000,000 · Central Pacific Bk
—
—
Kapaa III LLC
—
Deed Of Trust
related
$32,000,000 · Merrill Lynch Mortgage Lending INC
—
—
Kapaa III LLC
—
Deed Of Trust
related
$50,000,000 · Central Pacific 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.
Try Rey
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