New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,745,000
Warehouses
94-199 Leonui St, Waipahu, HI 96797-2250
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0256692
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Total area
14,466 SF
Lot
0.43 ac (18,607 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-9-4-049-010
UPID
US24-0256692
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
-
Da Block Sports Bar & Grill Bar & Pub
-
South Shore Equipment Warehouse & Storage
-
New Hope Kapolei Church
-
Island Beauty Supply (Bike/Boat/Book/etc) Store Cosmetic Store
-
New Hope Jiu Jitsu Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.75M
Owner & transaction history
Frazier Property LLC · 2 yrs held
Frazier Property LLC
since 2024
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$121 / 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
$20,129
Tax year 2023
Assessed value
$3,083,500
Assessed 2024
Previous assessed
$3,083,500
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$2,046,800
Assessed improvement
$1,036,700
Land market value
$2,046,800
Improvement market value
$1,036,700
Total market value
$3,083,500
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
1972
Heating
NONE
Stories
2
Bathrooms
12
Total area
14,466 SF
Lot
0.43 ac (18,607 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-9-4-049-010
UPID
US24-0256692
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.
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Stories
2
Bathrooms
12
Lot
0.43 ac
Current owner
From public records · entity-resolved
Frazier Property LLC
Entity
Free & Clear · 2 yrs held
Mailing address
902 WANAAO RD, KAILUA, HI 96734-3565
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
—
Frazier Property LLC
Bank Of Hawaii
Assignment Of Deed
—
Sep 17, 2015
—
International Ch Of Foursquare Go
Frazier Property LLC
Grant Deed
—
Jun 12, 2003
$950,000
Frazier Property LLC
Hanabusa LP
Grant Deed
$1,105,000 · Bank Of Hawaii
—
—
Frazier Property LLC
—
Deed Of Trust
related
$532,000 · Bank Of Hi
—
—
Frazier Property LLC
—
Deed Of Trust
related
$393,000 · Hedco Local Development Corp
—
—
Frazier Property LLC
—
Deed Of Trust
related
$393,000 · Hedco Local Development Corp
—
—
Frazier Property LLC
—
Deed Of Trust
related
$650,000 · 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.
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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