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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Industrial properties
94-340 Ukee St Ste 2 Waipahu, HI 96797-4482
Individually Owned
1-yr Hold
Free & Clear
Property ID
US24-0217625
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1993
Construction
STEEL FRAME
Total area
988 SF
Zoning code
U/42/40
APN
1-9-4-127-010-0002
UPID
US24-0217625
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
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$700k
Owner & transaction history
M Watanabe Electrical Contractor In · 1 yrs held
M Watanabe Electrical Contractor In
since 2024
Last sale
$700,000
6 recorded transactions
Zoning & alternative use
U/42/40 · Waipahu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$425,000
+6.3%
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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$425,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Sep 9 2024)
Last sale anchor
$700k
Sep 9 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
$709 / 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
$4,003
Tax year 2023
Assessed value
$346,400
Assessed 2024
Previous assessed
$346,400
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$243,600
Assessed improvement
$102,800
Land market value
$243,600
Improvement market value
$102,800
Total market value
$346,400
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1993
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Total area
988 SF
Zoning code
U/42/40
APN
1-9-4-127-010-0002
UPID
US24-0217625
Jurisdiction
HONOLULU
Zoning & alternative use
U/42/40 · Waipahu, HIZoning U/42/40 · permitted uses
U/42/40 · Waipahu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$425,000
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
1993
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Current owner
From public records · entity-resolved
M Watanabe Electrical Contractor In
Individual
Free & Clear · 1 yrs held
Mailing address
94-334 UKEE ST, WAIPAHU, HI 96797-4274
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
—
M Watanabe Electrical Contractor In
Joy H Fukumitsu
Deed
—
Sep 9, 2024
$700,000
M Watanabe Electrical Contractor In
Joy H Fukumitsu
Deed
—
Dec 29, 2015
—
Fukumitsu,joy H Trust
Mn Watanabe Family LP
Quit Claim Deed
—
Dec 19, 2014
—
Fukumitsu,joy H Trust|watanabe,laurie M Trust
Watanabe Nobuko Trust
Quit Claim Deed
related
—
Feb 9, 2011
—
Watanabe Nobuko Trust
Watanabe Nobuko Trust
Quit Claim Deed
related
—
Jul 27, 2010
$105,000
Mn Watanabe Family LP
Watanabe Masaichi Trust
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.
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