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Property profile & analytics
FOR LEASE
Commercial land
98-199 Kamehameha Hwy Aiea, HI 96701
Entity Owned
1-yr Hold
Free & Clear
Property ID
US24-0071768
For Lease
1 / 8
$38.16 SF/Yr
98-199 Kamehameha Hwy, Aiea, HI 96701
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.31 ac (57,049 SF)
Zoning code
B-2
APN
1-9-8-015-045
UPID
US24-0071768
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
-
H&R Block Tax Preparation
-
Pearl Kai Dentistry Dental Office
-
Gale Marana DDS Dental Office
-
Yakiniku Jang Su Korean Barbecue Restaurant
-
Powerhouse Gym Aiea Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pcc Ldc Pearl Kai LLC · 1 yrs held
Pcc Ldc Pearl Kai LLC
since 2025
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$46,143
Tax year 2023
Assessed value
$3,891,800
Assessed 2024
Previous assessed
$3,721,200
+4.6% YoY
Effective rate
1.19%
On assessed value
Assessed land
$3,891,800
Land market value
$3,891,800
Total market value
$3,891,800
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
For Lease
Heating
NONE
Lot
1.31 ac (57,049 SF)
Zoning code
B-2
APN
1-9-8-015-045
UPID
US24-0071768
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.
Building & site characteristics
From public records
Heating
NONE
Lot
1.31 ac
Current owner
From public records · entity-resolved
Pcc Ldc Pearl Kai LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 3466, HONOLULU, HI 96801-3466
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
—
Pcc Ldc Pearl Kai LLC
Elliot K Mills
Deed
—
Feb 1, 2005
$3,925,000
Pccp Ldc Pearl Kai LLC
Anuenue Properties LLC
Grant Deed
—
Feb 1, 2005
—
Anuenue Properties LLC
Pccp Ldc Pearl Kai LLC
Grant Deed
related
—
Mar 24, 2004
—
Pccp/ldc Pearl Kai LLC
Pearl Kai Corp
Quit Claim Deed
related
$8,550,000 · Legg Mason Real Estate Capital
Mar 27, 2001
$3,450,000
Anuenue Properties LLC
Real Estate Delivery INC
Grant Deed
$3,250,000 · First Hawaiian 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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