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Property profile & analytics
OFF-MARKET
Estimated value
$4,290,000
Warehouses
925 Kokea St Honolulu, HI 96817-4528
Entity Owned
2-yr Hold
Free & Clear
Property ID
US24-0091599
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
24,960 SF
Lot
1.34 ac (58,458 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-1-5-004-032
UPID
US24-0091599
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
-
Hawaii Transfer Company Corporate Office
-
Xerox Corporate Office
-
Studio Becker General Contractor Renovation Specialist
-
Ferguson Bath, Kitchen & Lighting Gallery Kitchen & Bath Showroom Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.29M
Owner & transaction history
925 Kokea Partnership · 2 yrs held
925 Kokea Partnership
since 2024
Last sale
$4.3M
5 recorded transactions
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.0M
+0.6%
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
$4,290,000
ML approach
$4,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,935,000
Current use
COMMERCIAL (GENERAL)
$6,980,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$4.29M
Range $3.86M – $4.72M · ±10% · vs last sale $4.29M (May 20 2024)
Last sale anchor
$4.29M
May 20 2024
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
$172 / 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
$150,189
Tax year 2023
Assessed value
$12,247,700
Assessed 2024
Previous assessed
$12,247,700
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$9,333,800
Assessed improvement
$2,913,900
Land market value
$9,333,800
Improvement market value
$2,913,900
Total market value
$12,247,700
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
1984
Heating
NONE
Stories
1
Bathrooms
13
Total area
24,960 SF
Lot
1.34 ac (58,458 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-1-5-004-032
UPID
US24-0091599
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
WAREHOUSE, STORAGE Current
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$7.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (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
1984
Heating
NONE
Stories
1
Bathrooms
13
Lot
1.34 ac
Current owner
From public records · entity-resolved
925 Kokea Partnership
Entity
Free & Clear · 2 yrs held
Mailing address
1666 20TH ST STE #100, SANTA MONICA, CA 90404-3828
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
—
925 Kokea Partnership
Elliot K Mills
Lease
—
May 20, 2024
$4,291,811
925 Kokea Partnership
Elliot K Mills
Lease
—
Sep 28, 2022
—
925 Kokea Partneship
Lance Keawe Wilhelm
Lease
—
Feb 5, 2015
—
925 Kokea Ptshp
Bishop Bernice P
Grant Deed
related
—
Aug 23, 2010
$6,159,390
925 Kokea Ptshp
Bishop Bernice P
Grant Deed
—
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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