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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Commercial real estate
Hawaii Belt Rd Ookala, HI 96774
Entity Owned
4-yr Hold
Free & Clear
Property ID
US24-0419402
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2009
Total area
6,440 SF
Lot
602.2 ac (26,231,832 SF)
Zoning code
5I
APN
3-3-9-002-008
UPID
US24-0419402
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$884k
Blend (final)
Blend
$970k
Owner & transaction history
Hawaii Secure Foods LLC · 4 yrs held
Hawaii Secure Foods LLC
since 2022
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
5I · Ookala, 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 Ookala submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ookala 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
$1,035,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,425,000
Current use
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $1.00M (May 12 2022)
Last sale anchor
$1.00M
May 12 2022
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
$151 / 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
$36,249
Tax year 2023
Assessed value
$3,895,100
Assessed 2024
Previous assessed
$3,876,900
+0.5% YoY
Effective rate
0.93%
On assessed value
Assessed land
$211,300
Assessed improvement
$3,683,800
Land market value
$2,859,100
Improvement market value
$3,683,800
Total market value
$6,542,900
Applied tax rate
3.0000
Comparables
5 recent transactions · within 1.5 miComparable in this city
5 recent transactions
Comparable in this City
Similar Nearby for Sale
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
4
Total area
6,440 SF
Lot
602.2 ac (26,231,832 SF)
Zoning code
5I
APN
3-3-9-002-008
UPID
US24-0419402
Jurisdiction
HAWAII
Zoning & alternative use
5I · Ookala, HI
Zoning 5I · permitted uses
5I · Ookala, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ookala. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
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
2009
Heating
NONE
Buildings
4
Lot
602.2 ac
Current owner
From public records · entity-resolved
Hawaii Secure Foods LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2720 WAIWAI LOOP, HONOLULU, HI 96819-1940
Ownership since
2022
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
May 12, 2022
—
Hawaii Secure Foods LLC
Big Island Dairy LLC
Assignment Of Lease (leasehold Sale)
—
Dec 13, 2011
—
Big Island Dairy LLC
Island Dairy INC
Quit Claim Deed
related
$5,551,000 · Northwest Farm Credit Svcs Pca
Dec 13, 2011
$2,200,000
Big Island Dairy LLC
Island Dairy INC
Grant Deed
related
—
—
—
Big Island Dairy LLC
—
Deed Of Trust
related
$41,500,000 · Rabo Agrifinance
—
—
Big Island Dairy LLC
—
Deed Of Trust
related
$1,820,000 · Northwest Farm Credit Svcs Pca
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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