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Property profile & analytics
OFF-MARKET
Estimated value
$21,845,000
Warehouses
91-238 Kauhi St, Kapolei, HI 96707-1803
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0204965
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Total area
85,500 SF
Lot
3.02 ac (131,682 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-1-032-056
UPID
US24-0204965
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
$20.96M
Comparable Approach
Comparable
$21.81M
Blend (final)
Blend
$21.85M
Owner & transaction history
Ilpt Kk 238 LLC · 3 yrs held
Ilpt Kk 238 LLC
since 2022
Last sale
$21.7M
7 recorded transactions
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Kapolei, 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 Kapolei submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kapolei 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
$23,060,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,705,000
6.5%
$20,960,000
7%
$19,460,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$34,970,000
Change: -9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$34,760,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$21.85M
Range $19.66M – $24.03M · ±10% · vs last sale $21.70M (Oct 3 2022)
Last sale anchor
$21.70M
Oct 3 2022
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
$255 / 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
$191,551
Tax year 2023
Assessed value
$15,653,000
Assessed 2024
Previous assessed
$15,653,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$6,642,000
Assessed improvement
$9,011,000
Land market value
$6,642,000
Improvement market value
$9,011,000
Total market value
$15,653,000
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
1981
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Total area
85,500 SF
Lot
3.02 ac (131,682 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-1-032-056
UPID
US24-0204965
Jurisdiction
HONOLULU
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Kapolei, HI
Zoning I-2 INDUSTRIAL-GENERAL · permitted uses
I-2 INDUSTRIAL-GENERAL · Kapolei, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kapolei. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$35.0M
INDUSTRIAL (GENERAL)
Est. value
$34.8M
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
1981
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Lot
3.02 ac
Current owner
From public records · entity-resolved
Ilpt Kk 238 LLC
Entity
Mailing address
255 WASHINGTON ST, NEWTON, MA 02458-1637
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jul 9, 2025
—
Ilpt Kk 238 LLC
—
Deed
related
$2,320,000 · Citi Real Estate Funding INC
Oct 3, 2022
$21,700,000
Ilpt Kk 238 LLC
Hawaii Mmgd LLC
Warranty Deed
$220,000,000 · Citi Real Estate Funding INC
Mar 10, 2022
—
Hawaii Mmgd LLC
—
Deed
related
$225,196,358 · Citibank NA
May 2, 2007
—
Hawaii Mmgd LLC
Fileminders Of Hawaii LLC
Quit Claim Deed
related
—
May 2, 2007
$8,250,000
Hawaii Mmgd LLC
Fileminders Of Hawaii LLC
Grant Deed
related
—
Jun 15, 2005
$88,721,000
Hawaii Mmgd LLC
Campbell Hawaii Investor LLC
Grant Deed
—
Feb 1, 2005
$4,400,000
Fileminders Of Hawaii LLC
Box To Go LLC
Grant Deed
related
$2,475,000 · American Savings Bank
Nov 2, 2001
$1,000
Box To Go LLC
Fileminders LP
—
related
—
Apr 14, 2000
$375,000
Fileminders LP
Paul Sakuda Trustee
—
—
—
—
Box To Go LLC
—
Deed Of Trust
related
$1,800,000 · American Savings Bank
—
—
Box To Go LLC
—
Deed Of Trust
related
$250,000 · Bank Of Hawaii
—
—
Box To Go LLC
—
Deed Of Trust
related
$4,600,000 · American Savings Bank
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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