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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    986 Mcgregor Ln Honolulu, HI 96817-4344

    • Warehouses
    • 3,818 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US24-0384093
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 986 Mcgregor Ln

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    3,818 SF
    Zone code
    IMX-1 IND-COMM MIXED USE
    Property type
    Warehouses
    APN
    1-1-5-003-006
    APU
    115003006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $322,000
      Market price range: $76.3k - $409k

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

    Location Insight

    • Map
    • Local Demand
    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.87
    Latitude
    21.326
    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
    $23,683
    $1,725,000
    $185,800
    $1,910,800
    -
    $1,725,000
    $185,800
    $1,910,800

    Comparable in this City

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      $235,000
      33,920 SF

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      View Details
    • Value Estimation
      $210,000
      13 SF

      Nimitz Hwy

      WAREHOUSE, STORAGE • 13 SF
      Nimitz Hwy, Honolulu, HI 96817
      View Details
    • Value Estimation
      $555,000
      26,016 SF

      1331 Nimitz Hwy

      WAREHOUSE, STORAGE • 26,016 SF
      1331 Nimitz Hwy, Honolulu, HI 96817-4934
      View Details
    • Value Estimation
      $240,000
      1,000 SF

      Nimitz Hwy

      WAREHOUSE, STORAGE • 1,000 SF
      Nimitz Hwy, Honolulu, HI 96817
      View Details
    • Value Estimation
      $540,000
      26,569 SF

      420 Nimitz Hwy

      WAREHOUSE, STORAGE • 26,569 SF
      420 Nimitz Hwy, Honolulu, HI 96817-5367
      View Details
    • Value Estimation
      $230,000
      746 SF

      499 Nimitz Hwy

      WAREHOUSE, STORAGE • 746 SF
      499 Nimitz Hwy, Honolulu, HI 96817-5907
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.97 Acres

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      1.97 Acres I-3 Zoned Land in Honolulu
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    • $2,000,000

      Honolulu Multifamily Restoration Opportunity

      Two-story home and cottage on a large lot in Nuuanu.
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    • $1,490,000
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      Honolulu Multifamily Property Built in 2018

      Well-maintained multifamily property built in 2018 with strong rental income.
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    • $1,395,000

      Honolulu Land with Redevelopment Potential

      Honolulu land for sale, ideal for redevelopment or owner-user.
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    • $3,790,000

      Honolulu Multifamily Investment Opportunity

      15-unit apartment building in Honolulu, near Costco and Home Depot.
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    • $1,295,000

      Nuuanu Valley Land Opportunity

      Rare 15,636 sq ft lot in historic Honolulu neighborhood.
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    Similar Nearby for Lease

    • $19 SF/Yr
      28,061 SF

      Honolulu Flex Space Available

      Versatile Honolulu warehouse/retail space.
      743 Waiakamilo Rd, Honolulu, HI 96817
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    • Contact for pricing
      30,169 SF

      Honolulu Warehouse Space Available

      Multiple warehouse suites, 1,440-4,000 sq ft
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    • Contact for pricing
      66,980 SF

      Kapalama Kai Mixed-Use Property

      15 Suites, 66,980 SF, Flexible Spaces
      1320 Kalani St, Honolulu, HI 96817
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    • $14 SF/Yr
      28,076 SF

      Kokea Center: Honolulu Warehouse Space

      Versatile Honolulu warehouse, retail & office
      1111 Dillingham Blvd, Honolulu, HI 96817
      View Details
    • $12 SF/Yr
      26,991 SF

      Iwilei Flex Space: Colburn Street

      Free-standing building & land, prime Iwilei location.
      1369 Colburn St, Honolulu, HI 96817
      View Details
    • $18 SF/Yr
      15,635 SF

      Industrial Land Lease: Kalihi, Oahu

      15,635 SF Industrial Land - Long-Term Lease
      1385 Colburn St, Honolulu, HI 96817
      View Details
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    Honolulu, HI 96817-4344
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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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