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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Warehouses
99-870 Iwaena St, Aiea, HI 96701-3278
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0128130
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,000 SF
Lot
0.46 ac (20,053 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-9-072-007
UPID
US24-0128130
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
-
Celeste Nishijima Physician Medical Clinic
-
Danielle Lovejoy Counselor Social Worker
-
Cheryl Tse Physician Medical Clinic
-
Annie Tanaka Counselor
-
Katrina Tabangcura Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$620k
Blend (final)
Blend
$655k
Owner & transaction history
Arlene Aguon Pangelinan · 5 yrs held
Arlene Aguon Pangelinan
since 2021
Last sale
$857,219
3 recorded transactions
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · 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
$570,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$695,000
Current use
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $857k (Feb 2 2021)
Last sale anchor
$857k
Feb 2 2021
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
$66 / 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
$28,060
Tax year 2023
Assessed value
$2,276,500
Assessed 2024
Previous assessed
$2,276,500
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,249,000
Assessed improvement
$1,027,500
Land market value
$1,249,000
Improvement market value
$1,027,500
Total market value
$2,276,500
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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Total area
10,000 SF
Lot
0.46 ac (20,053 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-9-072-007
UPID
US24-0128130
Jurisdiction
HONOLULU
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Aiea, HI
Zoning I-2 INDUSTRIAL-GENERAL · permitted uses
I-2 INDUSTRIAL-GENERAL · 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
WAREHOUSE, STORAGE Current
Est. value
$695,000
WAREHOUSE, STORAGE 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
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
1
Bathrooms
13
Lot
0.46 ac
Current owner
From public records · entity-resolved
Arlene Aguon Pangelinan
Individual
Free & Clear · 5 yrs held
Mailing address
615 PIIKOI ST STE #701, HONOLULU, HI 96814-3140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2021
$857,219
Arlene Aguon Pangelinan
Queen Emma Land Co
Lease
—
Dec 31, 2009
$2,500
Donald J Caserio
Queen Emma Land Co
Grant Deed
related
—
Oct 1, 2002
$221,700
Donald J Caserio
Queen Emma Foundation
Grant Deed
$838,500 · Island Magic Sportswear INC
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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