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Property profile & analytics
OFF-MARKET
Estimated value
$3,080,000
Residential income homes
92-1088 Palahia St, Kapolei, HI 96707-3744
Entity Owned
23-yr Hold
Property ID
US24-0094816
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2004
Construction
WOOD
Total area
12,108 SF
Lot
4.38 ac (190,793 SF)
Zoning code
A-1
APN
1-9-2-019-033
UPID
US24-0094816
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
-
Remote Medical Billing Service Medical Billing Service
-
Remarkable Aloe (Bike/Boat/Book/etc) Store Cosmetic Store
-
Essential Oils Gym & Fitness Center Alternative Medicine Practice
-
CBD Natural Solutions Gym & Fitness Center Alternative Medicine Practice
-
Forever Living by May (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.08M
Owner & transaction history
Palehua Terrace 2 LP · 23 yrs held
Palehua Terrace 2 LP
since 2003
7 recorded transactions
Zoning & alternative use
A-1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,020,000
6.5%
$3,710,000
7%
$3,445,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,950,000
Current use
INDUSTRIAL (GENERAL)
$4,925,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.08M
Range $2.77M – $3.39M · ±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
$254 / 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
$300
Tax year 2023
Assessed value
$15,885,400
Assessed 2024
Previous assessed
$15,885,400
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$6,775,300
Assessed improvement
$9,110,100
Land market value
$6,775,300
Improvement market value
$9,110,100
Total market value
$15,885,400
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
NONE
Buildings
6
Stories
2
Units
1
Total area
12,108 SF
Lot
4.38 ac (190,793 SF)
Zoning code
A-1
APN
1-9-2-019-033
UPID
US24-0094816
Jurisdiction
HONOLULU
Zoning & alternative use
A-1 · Kapolei, HI
Zoning A-1 · permitted uses
A-1 · 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) Current
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS) Current
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
2004
Construction
WOOD
Heating
NONE
Stories
2
Buildings
6
Units
1
Lot
4.38 ac
Current owner
From public records · entity-resolved
Palehua Terrace 2 LP
Entity
Mailing address
1330 S BERETANIA ST STE #200, HONOLULU, HI 96814-1500
Ownership since
2003
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
Feb 5, 2004
—
Palehua Terrace 2 LP
—
Deed Of Trust
related
$4,893,800 · Housing & Community Dev (hi)
Jan 24, 2003
$1,100,000
Palehua Terrace 2 LP
Finance Holdings Ltd
Grant Deed
$2,744,000 · Bank Of Hawaii
Jan 24, 2003
—
Palehua Terrace 2 LP
Bank Of Hawaii
—
related
—
Dec 23, 1999
—
Palehua Apartments LP
Palehua Apartments LP
Deed Of Trust
related
$3,705,000 · Housing & Community Dev
Aug 14, 1998
$2,459,000
Palehua Apartments LP
Finance Holdings Ltd
Grant Deed
$2,000,000 · Finance Factors Ltd
—
—
Palehua Apartments LP
—
Deed Of Trust
related
$1,010,000 · Finance Realty Ltd
—
—
Palehua Terrace 2 LP
—
Deed Of Trust
related
$3,250,000 · Housing & Community Dev (hi)
—
—
Terrace 2 Palehua
—
Deed Of Trust
related
$1,360,000 · City & County Honolulu
—
—
Palehua Terrace 2 LP
—
Deed Of Trust
related
$4,893,800 · Housing & Community Dev (hi)
—
—
Terrace 2 Palehua
—
Deed Of Trust
related
$4,893,800 · Housing & Cmnty Dev Corp Of Ha
—
—
Ronny Whitter
—
Deed Of Trust
related
$401,500 · Bank Of Hawaii
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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