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Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Warehouses
94-321 Leonui St, Waipahu, HI 96797-2371
Trust Owned
7-yr Hold
Free & Clear
Property ID
US24-0480878
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
STEEL FRAME
Total area
18,200 SF
Lot
1.12 ac (48,774 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-9-4-049-021
UPID
US24-0480878
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
-
Aina 1 Plumbing Plumbing Service General Contractor
-
His Name Is Jesus Tabernacle Church
-
Leeward Auto Air Auto Repair Shop
-
Aloha Dry Cleaners and Laundry (Bike/Boat/Book/etc) Store
-
Hawaiian Pillow Co Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.36M
Owner & transaction history
Aberouette,f Separate Prop Trust · 7 yrs held
Aberouette,f Separate Prop Trust
since 2018
3 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
$129 / 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
$70,620
Tax year 2023
Assessed value
$4,659,700
Assessed 2024
Previous assessed
$4,659,700
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$3,887,800
Assessed improvement
$771,900
Land market value
$3,887,800
Improvement market value
$771,900
Total market value
$4,659,700
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
1970
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
2
Units
1
Bathrooms
12
Total area
18,200 SF
Lot
1.12 ac (48,774 SF)
Zoning code
IMX-1 IND-COMM MIXED USE
APN
1-9-4-049-021
UPID
US24-0480878
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
1970
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
2
Units
1
Bathrooms
12
Lot
1.12 ac
Current owner
From public records · entity-resolved
Aberouette,f Separate Prop Trust
Trust
Free & Clear · 7 yrs held
Mailing address
PO BOX 93142, PHOENIX, AZ 85070-3142
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2018
—
Aberouette,f Separate Prop Trust
Aberouette G F & D M L/tr
Quit Claim Deed
related
—
Feb 14, 2017
—
Aberouette,felix Trust
Aberouette,felix J
Quit Claim Deed
related
—
Jan 4, 2013
—
Aberouette,gene F & Dora M Trust
Aberouette G F & D M Trust
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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