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Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Warehouses
94-478 Ukee St, Waipahu, HI 96797-4462
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0232224
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
11,800 SF
Lot
0.46 ac (20,000 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-4-099-024
UPID
US24-0232224
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
$3.47M
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$3.23M
Owner & transaction history
Island Land Holdings LLC · 4 yrs held
Island Land Holdings LLC
since 2022
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Waipahu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.1M
+72.2%
Apartment house (5+ units)
$4.8M
+63.1%
Industrial (general)
$4.8M
+62.1%
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
$3,400,000
ML approach
$3,470,000
CAP Approach
CAP Return
Estimation
6%
$3,135,000
6.5%
$2,895,000
7%
$2,685,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,960,000
Current use
COMMERCIAL (GENERAL)
$5,100,000
Change: +72% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,825,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,795,000
Change: +62% · Conversion: Easy
Blend value · Realmo final
$3.23M
Range $2.91M – $3.55M · ±10% · vs last sale $3.20M (Feb 18 2022)
Last sale anchor
$3.20M
Feb 18 2022
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
$274 / 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
$37,452
Tax year 2023
Assessed value
$3,233,600
Assessed 2024
Previous assessed
$3,233,600
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,200,000
Assessed improvement
$1,033,600
Land market value
$2,200,000
Improvement market value
$1,033,600
Total market value
$3,233,600
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
1990
Heating
NONE
Stories
1
Bathrooms
13
Total area
11,800 SF
Lot
0.46 ac (20,000 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-4-099-024
UPID
US24-0232224
Jurisdiction
HONOLULU
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Waipahu, HI
Zoning 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
Waipahu. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.8M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
1990
Heating
NONE
Stories
1
Bathrooms
13
Lot
0.46 ac
Current owner
From public records · entity-resolved
Island Land Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2024 N KING ST STE #200, HONOLULU, HI 96819-3494
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$3,200,000
Island Land Holdings LLC
Ians Auto Body & Paint INC
Warranty Deed
—
Feb 18, 2022
—
Fukumitsu Limited Partnership
Ians Auto Body & Paint INC
Release/satis. Of Agrem. Of Sale (leasehold)
related
—
Oct 6, 2015
—
Hawaii Natl Bk
Ians Auto Body & Paint INC
Grant Deed
—
Jul 2, 2014
$1,000,000
Hawaii Natl Bk
Ians Auto Body & Paint INC
Grant 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.
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