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Property profile & analytics
OFF-MARKET
Estimated value
$20,980,000
Commercial land
98-1247 Kaahumanu St Aiea, HI 96701-5311
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0256727
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1974
Total area
94,309 SF
Lot
2.87 ac (124,955 SF)
Zoning code
B-2
APN
1-9-8-008-026
UPID
US24-0256727
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
-
Hawaii cancer care Physician
-
Island Eye Center: Christopher Mai, M.D. Physician
-
Hamasaki Craig Y MD Physician
-
Edwin Y Endo, OD & Associates: Amy A Endo, Optician Physician
-
Edwin Y Endo, OD & Associates & Interns Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$26.22M
Blend (final)
Blend
$20.98M
Owner & transaction history
Hedco Local Development Corporation · 1 yrs held
Hedco Local Development Corporation
since 2025
7 recorded transactions
Zoning & alternative use
B-2 · Aiea, 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 Aiea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aiea 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$26,225,000
Current use
Blend value · Realmo final
$20.98M
Range $18.88M – $23.08M · ±10%
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
$222 / 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
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Bathrooms
12
Total area
94,309 SF
Lot
2.87 ac (124,955 SF)
Zoning code
B-2
APN
1-9-8-008-026
UPID
US24-0256727
Jurisdiction
HONOLULU
Zoning & alternative use
B-2 · Aiea, HI
Zoning B-2 · permitted uses
B-2 · Aiea, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aiea. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$26.2M
COMMERCIAL (GENERAL) Current
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
1974
Heating
NONE
Stories
1
Bathrooms
12
Lot
2.87 ac
Current owner
From public records · entity-resolved
Hedco Local Development Corporation
Entity
Free & Clear · 1 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
46 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2025
—
Kmc Partners LLC
—
Deed
related
$13,500,000 · Cpif Lending LLC
Apr 7, 2025
—
Hedco Local Development Corporation
Island Dental Group INC
Deed
—
Feb 25, 2025
—
David J Dung
Island Dental Group INC
Deed
—
Feb 25, 2025
$415,000
David J Dung
Island Dental Group INC
Deed
—
Aug 2, 2024
—
Association Of Unit Owners Of Mary
—
Deed
related
$4,216,000 · Kmc Partners LLC
Jun 6, 2024
—
First Hawaiian Bank
Dean K Otaka
Deed
$415,163 · First Hawaiian Bank
Jan 5, 2024
$849,720
Aiea Newtown Dental Group LLC
Steven Kenneth Ertel
Deed
$722,262 · Bank Of America NA
Jan 5, 2024
—
Aiea Newtown Dental Group LLC
Steven Kenneth Ertel
Deed
$722,262 · Bank Of America NA
Jan 2, 2024
—
American Savings Bank Fsb
Jt Collaborations LLC
Deed
related
—
Oct 31, 2023
—
Local Roots Hawaii LLC
5 Minute Pharmacy Realty LLC
Deed
$240,000 · Bank Of Hawaii
Oct 18, 2023
—
Claire Mei Jun Mai
Nicholas Ying Jie Mai
Deed
related
—
Sep 27, 2023
—
Hedco Local Development Corporation
Jt Collaborations LLC
Deed
$254,000 · Hedco Local Development Corporation
Sep 14, 2023
—
First Hawaiian Bank
Young Soo Lee Cameron
Deed
$377,075 · First Hawaiian Bank
Aug 9, 2023
—
Kmc Partners LLC
—
Deed
related
$24,867 · Nmf Investments LLC
Jul 12, 2023
—
American Savings Bank Fsb
Jt Collaborations LLC
Deed
$245,600 · American Savings Bank Fsb
Jul 12, 2023
$614,000
Jt Collaborations LLC
Kwock Nam Yee Arnold
Deed
$307,000 · American Savings Bank Fsb
Dec 16, 2022
—
Rmt Holdings LLC
—
Deed
related
$210,000 · Bank Of America NA
Sep 14, 2022
$420,000
Jrop Holdings LLC
Tadashi Murakami Wilson
Deed
$315,000 · Bank Of Hawaii
Mar 10, 2022
—
Newton Square Pharmacy INC
Skjr LLC
Deed
$329,000 · Hedco Local Development Corporation
Oct 15, 2021
$422,000
West Oahu Orthopedics LLC
William S Loui Md LLC
Deed
$316,500 · First Hawaiian Bank
Oct 8, 2021
$920,000
Skjr LLC
Trinity Pearl LLC
Deed
$782,000 · Hawaiiusa FCU
Aug 10, 2021
$223,500
Joanne R Watanabe
Kmc Partners LLC
Deed
$130,000 · Bank Of Hawaii
Aug 10, 2021
—
Joanne R Watanabe
—
Deed
related
—
May 20, 2020
—
Weiss Pt INC
Douglas L P Weiss
Quitclaim Deed
$180,000 · Hedco Local Dev
Jan 16, 2020
$869,466
Weiss Douglas L P & Sharlene K C
Kmc Partners LLC
Grant Deed
$387,000 · Hawaiiusa FCU
Jan 16, 2020
$434,733
Weiss Douglas L P & Sharlene K C
Kmc Partners LLC
Grant Deed
$387,000 · Hawaiiusa FCU
Jan 7, 2020
—
Fujimoto,eric F Trust
Bank Of Hi
Grant Deed
related
—
Dec 26, 2019
—
Association Of Unit Owners & Mary S
—
Deed
related
$13,784,000 · Kmc Partners LLC
Nov 1, 2019
$1,080,000
Local Roots Hawaii LLC
Wingwa LLC
Grant Deed
$687,750 · Bank Of Hi
Oct 14, 2019
$900,000
Trinity Pearl LLC
William K Ll
Grant Deed
—
Sep 6, 2019
—
Honolulu Pain Mgmt Clinic LLC
Wang Real Estate Holdings LLC
Grant Deed
related
$229,000 · Hedco Local Dev
Jun 7, 2019
$760,000
Ruiliang Wang
Kmc Partners LLC
Grant Deed
—
May 30, 2019
—
Wang Real Estate Holdings LLC
—
Deed
related
$220,000 · First Foundation Bank
Jan 23, 2019
—
Murakami,w & C Joint Trust
Murakami,wilson T & Charlene M
Quitclaim Deed
related
—
Nov 30, 2018
$280,000
5 Minute Pharmacy Realty LLC
Jamm,ramin C
Grant Deed
$210,000 · Bank Of Hi
Oct 19, 2018
—
Fujimoto,eric F Trust
—
Deed
related
$202,400 · Bank Of Hi
Aug 31, 2018
$375,000
Ancheta Pediatric Dental LLC
Amod Jain
Grant Deed
$281,250 · Bank Of Hi
Jun 5, 2018
—
Fujimoto,eric F Trust
Fujimoto,eric F & Loriann M
Quitclaim Deed
related
—
May 21, 2018
—
Nicholas Y J Mai
Mai Christopher H Trust
Quitclaim Deed
related
—
Apr 10, 2018
$187,533
Lct Investments LLC
Kmc Partners LLC
Grant Deed
—
Oct 16, 2017
—
Eric F Fujimoto
Kmc Partners LLC
Grant Deed
$439,425 · Bank Of Hi
May 12, 2017
—
Alan H Kodama
—
Deed
related
$509,600 · American Savings Bank Fsb
Jun 29, 2012
$15,250,000
Kmc Partners LLC
Bishop Bernice P
Warranty Deed
$10,250,000 · First Hawaiian Bank
Jun 29, 2012
—
Hawaiian Bk First
Kmc Partners LLC
Grant Deed
related
—
May 6, 2010
$131,625
Responsive Caregivers Of Hawaii
Bishop Bernice P
Grant Deed
—
—
—
Purple LLC
—
Deed Of Trust
related
$385,000 · Central Pacific Bank
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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