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Property profile & analytics
OFF-MARKET
Estimated value
$29,655,000
Warehouses
96-1292 Waihona St Pearl City, HI 96782-1968
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0359491
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
46,489 SF
Lot
1.07 ac (46,819 SF)
Zoning code
I-1 INDUSTRIAL-LIMITED
APN
1-9-6-008-028
UPID
US24-0359491
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
$29.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.66M
Owner & transaction history
Abp Waihona Reverse Industrial LLC · 1 yrs held
Abp Waihona Reverse Industrial LLC
since 2024
Last sale
$29.7M
7 recorded transactions
Zoning & alternative use
I-1 INDUSTRIAL-LIMITED · Pearl City, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$20.1M
+72.2%
Apartment house (5+ units)
$19.0M
+63.1%
Industrial (general)
$18.9M
+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 Pearl City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pearl City 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
$29,655,000
ML approach
$29,655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$20,085,000
Change: +72% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$19,015,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$18,900,000
Change: +62% · Conversion: Easy
Blend value · Realmo final
$29.66M
Range $26.69M – $32.62M · ±10% · vs last sale $29.66M (Sep 24 2024)
Last sale anchor
$29.66M
Sep 24 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
$638 / 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
$72,014
Tax year 2023
Assessed value
$7,184,400
Assessed 2024
Previous assessed
$7,184,400
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,856,500
Assessed improvement
$4,327,900
Land market value
$2,856,500
Improvement market value
$4,327,900
Total market value
$7,184,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Total area
46,489 SF
Lot
1.07 ac (46,819 SF)
Zoning code
I-1 INDUSTRIAL-LIMITED
APN
1-9-6-008-028
UPID
US24-0359491
Jurisdiction
HONOLULU
Zoning & alternative use
I-1 INDUSTRIAL-LIMITED · Pearl City, HIZoning I-1 INDUSTRIAL-LIMITED · permitted uses
I-1 INDUSTRIAL-LIMITED · Pearl City, 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
$20.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.0M
INDUSTRIAL (GENERAL)
Est. value
$18.9M
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
1988
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Lot
1.07 ac
Current owner
From public records · entity-resolved
Abp Waihona Reverse Industrial LLC
Entity
Mailing address
822 BISHOP ST, HONOLULU, HI 96813-3924
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2024
—
Abp Waihona Reverse Industrial LLC
Pw Pearl City Hi Landlord LLC
Assignment Of Lease (leasehold Sale)
$29,666,000 · A & B Properties Hawaii LLC
Sep 24, 2024
$29,656,000
Abp Waihona Reverse Industrial LLC
Pw Pearl City Hi Landlord LLC
Limited Warranty Deed
—
Sep 24, 2024
$10,000
Abp Waihona Reverse Industrial LLC
Pw Pearl City Hi Landlord LLC
Assignment Of Lease (leasehold Sale)
$29,666,000 · A & B Properties Hawaii LLC
Feb 2, 2023
$16,732,592
Waihona St Pearl City LLC
Pw Pearl City Landlord LLC
Lease
—
Feb 2, 2023
$30,533,560
Pw Pearl City Hi Landlord LLC
Hawaiian Housewares Ltd
Special Warranty Deed
—
Aug 13, 2008
—
Hawaiian Housewares Ltd
—
Deed Of Trust
related
$23,500,000 · Bank Of Hawaii
Mar 12, 2007
$50,544
Record Owner
Owner,record
Grant Deed
related
$70,000,000 · Anacapa Funding I LLC
—
—
Hawaiian Housewares Ltd
—
Deed Of Trust
related
$300,000 · Us Bk
—
—
Hawaiian Housewares Ltd
—
Deed Of Trust
related
$3,000,000 · C&s Wholesale Grocers INC
—
—
Hawaiian Housewares Ltd
—
Deed Of Trust
related
$7,210,582 · 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.
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