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    98-1247 Kaahumanu St Aiea, HI 96701-5311
    Property profile & analytics

    98-1247 Kaahumanu St, Aiea, HI 96701-5311

    View on Map
    • Commercial land
    • 94,309 SF
    • 2.87 lot acres
    Off-Market
    Property ID
    US24-0256727
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $20,980,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 98-1247 Kaahumanu St

    Year built
    1974
    Lot size
    2.87 lot acres
    Zone code
    B-2
    Property type
    Commercial land
    APN
    1-9-8-008-026
    APU
    198008026

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 11, 2025 — Kmc Partners LLC — Deed · related $13.5M · 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 $4.2M · Kmc Partners LLC
    Jun 6, 2024 — First Hawaiian Bank Dean K Otaka Deed $415k · First Hawaiian Bank
    Jan 5, 2024 $849,720 Aiea Newtown Dental Group LLC Steven Kenneth Ertel Deed $722k · Bank Of America NA
    Jan 5, 2024 — Aiea Newtown Dental Group LLC Steven Kenneth Ertel Deed $722k · 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 $240k · 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 $254k · Hedco Local Development Corporation
    Sep 14, 2023 — First Hawaiian Bank Young Soo Lee Cameron Deed $377k · First Hawaiian Bank
    Aug 9, 2023 — Kmc Partners LLC — Deed · related $25k · Nmf Investments LLC
    Jul 12, 2023 — American Savings Bank Fsb Jt Collaborations LLC Deed $246k · American Savings Bank Fsb
    Jul 12, 2023 $614,000 Jt Collaborations LLC Kwock Nam Yee Arnold Deed $307k · American Savings Bank Fsb
    Dec 16, 2022 — Rmt Holdings LLC — Deed · related $210k · Bank Of America NA
    Sep 14, 2022 $420,000 Jrop Holdings LLC Tadashi Murakami Wilson Deed $315k · Bank Of Hawaii
    Mar 10, 2022 — Newton Square Pharmacy INC Skjr LLC Deed $329k · Hedco Local Development Corporation
    Oct 15, 2021 $422,000 West Oahu Orthopedics LLC William S Loui Md LLC Deed $317k · First Hawaiian Bank
    Oct 8, 2021 $920,000 Skjr LLC Trinity Pearl LLC Deed $782k · Hawaiiusa FCU
    Aug 10, 2021 $223,500 Joanne R Watanabe Kmc Partners LLC Deed $130k · Bank Of Hawaii
    Aug 10, 2021 — Joanne R Watanabe — Deed · related —
    May 20, 2020 — Weiss Pt INC Douglas L P Weiss Quitclaim Deed $180k · Hedco Local Dev
    Jan 16, 2020 $869,466 Weiss Douglas L P & Sharlene K C Kmc Partners LLC Grant Deed $387k · Hawaiiusa FCU
    Jan 16, 2020 $434,733 Weiss Douglas L P & Sharlene K C Kmc Partners LLC Grant Deed $387k · 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 $13.8M · Kmc Partners LLC
    Nov 1, 2019 $1,080,000 Local Roots Hawaii LLC Wingwa LLC Grant Deed $688k · 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 $229k · 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 $220k · 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 $210k · Bank Of Hi
    Oct 19, 2018 — Fujimoto,eric F Trust — Deed · related $202k · Bank Of Hi
    Aug 31, 2018 $375,000 Ancheta Pediatric Dental LLC Amod Jain Grant Deed $281k · 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 $439k · Bank Of Hi
    May 12, 2017 — Alan H Kodama — Deed · related $510k · American Savings Bank Fsb
    Jun 29, 2012 $15,250,000 Kmc Partners LLC Bishop Bernice P Warranty Deed $10.3M · 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 $385k · Central Pacific Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $26,222,000
      Market price range: $10.1M - $38.6M
      AI Estimate
      $15,737,000
      Market price range: $5.45M - $24.0M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $26,225,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aiea
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.953
    Latitude
    21.3885
    CBSA code
    46520
    CBSA name
    URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      98-1247 Kaahumanu St

      VACANT COMMERCIAL LAND
      98-1247 Kaahumanu St, Aiea, HI 96701-5311
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    • Value Estimation by Request
      0.03 Acres

      Moanalua Rd

      VACANT COMMERCIAL LAND
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    • Value Estimation by Request
      0.21 Acres

      98-201 Kamehameha Hwy

      VACANT COMMERCIAL LAND
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    • Value Estimation by Request
      0.25 Acres

      99-84 Kauhale St

      VACANT COMMERCIAL LAND
      99-84 Kauhale St, Aiea, HI 96701-4107
      View Details
    • Value Estimation by Request
      1.21 Acres

      Aiea Hts Dr

      VACANT COMMERCIAL LAND
      Aiea Hts Dr, Aiea, HI 96701
      View Details
    • Value Estimation by Request
      0.60 Acres

      Roadway Roadway

      VACANT COMMERCIAL LAND
      Roadway Roadway, Aiea, HI 96701
      View Details

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      Retail space in a high-traffic area of Pearlridge Center.
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      Retail Space on Kamehameha Hwy

      Retail space with high visibility and parking in front.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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