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Property profile & analytics
OFF-MARKET
Estimated value
$3,210,000
Warehouses
94-126 Leowaena St, Waipahu, HI 96797-2223
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0239136
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,360 SF
Lot
0.7 ac (30,605 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-9-4-048-016
UPID
US24-0239136
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
$3.52M
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$3.21M
Owner & transaction history
Cic Investments LLC · 1 yrs held
Cic Investments LLC
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Waipahu, 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 Waipahu submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waipahu 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%
$3,815,000
6.5%
$3,520,000
7%
$3,270,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,600,000
Current use
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±10% · vs last sale $2.92M (Dec 24 2024)
Last sale anchor
$2.92M
Dec 24 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
$224 / 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
$60,673
Tax year 2023
Assessed value
$4,329,400
Assessed 2024
Previous assessed
$4,329,400
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$2,982,700
Assessed improvement
$1,346,700
Land market value
$2,982,700
Improvement market value
$1,346,700
Total market value
$4,329,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
12
Total area
14,360 SF
Lot
0.7 ac (30,605 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-9-4-048-016
UPID
US24-0239136
Jurisdiction
HONOLULU
Zoning & alternative use
IMX-1 IND-COMM MIXED USE · Waipahu, HI
Zoning IMX-1 IND-COMM MIXED USE · permitted uses
IMX-1 IND-COMM MIXED USE · Waipahu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waipahu. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.6M
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
12
Lot
0.7 ac
Current owner
From public records · entity-resolved
Cic Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
511 MOKAUEA ST, HONOLULU, HI 96819-3232
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
—
Cic Investments LLC
—
Deed
related
$8,215,000 · First Hawaiian Bank
Mar 24, 2025
$2,915,000
Cic Investments LLC
Group Investments LLC
Warranty Deed
—
Aug 27, 2020
—
Leocadio Nieves
—
Deed
related
$475,000 · Nations Lndg
May 2, 2019
$2,915,000
Group Investments LLC
Group Builders INC
Grant Deed
—
Apr 24, 2018
—
Antonio Leal
—
Deed
related
$375,000 · Quicken Lns
—
—
Antonio Leal
—
Deed Of Trust
related
$375,000 · Quicken Lns
—
—
Group Builders INC
—
Deed Of Trust
related
$810,000 · City Bank
—
—
Leocadio Nieves
—
Deed Of Trust
related
$475,000 · Nations Lndg
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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