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Property profile & analytics
OFF-MARKET
Estimated value
$3,055,000
Industrial land
94-143 Leokane St Waipahu, HI 96797-2242
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0090023
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1975
Total area
12,832 SF
Lot
0.42 ac (18,410 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-4-049-062
UPID
US24-0090023
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
-
War Horse Strength Camp Gym & Fitness Center
-
Vidal Car Service, Inc. Auto Repair Shop
-
R K Oshiro Door Services Inc Hardware & Home Improvement Production Facility
-
Leeward Auto Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Yama's Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.06M
Owner & transaction history
Hawaii Baptist Academy · 12 yrs held
Hawaii Baptist Academy
since 2014
6 recorded transactions
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$238 / 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
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1975
Heating
NONE
Stories
1
Bathrooms
12
Total area
12,832 SF
Lot
0.42 ac (18,410 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-4-049-062
UPID
US24-0090023
Jurisdiction
HONOLULU
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Waipahu, HIZoning I-2 INDUSTRIAL-GENERAL · permitted uses
I-2 INDUSTRIAL-GENERAL · Waipahu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
1
Bathrooms
12
Lot
0.42 ac
Current owner
From public records · entity-resolved
Hawaii Baptist Academy
Individual
Free & Clear · 12 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2014
$3,000,000
Hawaii Baptist Academy
Elum Two LLC
Grant Deed
—
Feb 21, 2014
$7,937,500
State Of Hi
Hawaii Baptist Academy
Grant Deed
—
Dec 14, 2004
$815,000
Elum Two LLC
Lum,ernest K F & Eileen S
Grant Deed
related
—
Dec 10, 1998
—
Ernest K Lum
—
Deed Of Trust
related
$3,300,000 · Central Pacific Bank
—
—
Elum Two LLC
—
Deed Of Trust
related
$525,000 · Bank Of Hawaii
—
—
Ernest K Lum
—
Deed Of Trust
related
$600,000 · City 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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