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Property profile & analytics
OFF-MARKET
Estimated value
$6,335,000
Showrooms
Hilo, HI 96720
Entity Owned
2-yr Hold
Free & Clear
Property ID
US24-0503482
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1980
Construction
STEEL FRAME
Total area
18,300 SF
Lot
0.53 ac (23,250 SF)
Zoning code
4M
APN
3-2-2-050-105
UPID
US24-0503482
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
$7.03M
CAP Approach
CAP
$5.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.34M
Owner & transaction history
Goodwill Beretania Center LLC · 2 yrs held
Goodwill Beretania Center LLC
since 2023
Last sale
$6.3M
2 recorded transactions
Zoning & alternative use
4M · Hilo, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.4M
+175.3%
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 Hilo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilo 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
$6,815,000
ML approach
$7,025,000
CAP Approach
CAP Return
Estimation
6%
$5,755,000
6.5%
$5,315,000
7%
$4,935,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,380,000
Change: +175% · Conversion: Moderate
Blend value · Realmo final
$6.34M
Range $5.70M – $6.97M · ±10% · vs last sale $6.27M (Oct 17 2023)
Last sale anchor
$6.27M
Oct 17 2023
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
$346 / 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
$18,150
Tax year 2023
Assessed value
$1,696,300
Assessed 2024
Previous assessed
$1,696,300
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$421,300
Assessed improvement
$1,275,000
Land market value
$421,300
Improvement market value
$1,275,000
Total market value
$1,696,300
Applied tax rate
3.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
1
Bathrooms
13
Total area
18,300 SF
Lot
0.53 ac (23,250 SF)
Zoning code
4M
APN
3-2-2-050-105
UPID
US24-0503482
Jurisdiction
HAWAII
Zoning & alternative use
4M · Hilo, HI
Zoning 4M · permitted uses
4M · Hilo, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS)
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
1980
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
1
Bathrooms
13
Lot
0.53 ac
Current owner
From public records · entity-resolved
Goodwill Beretania Center LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2610 KILIHAU ST, HONOLULU, HI 96819-2020
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$6,265,000
Goodwill Beretania Center LLC
S Ikeda Factory
Warranty Deed
—
—
—
S Ikeda Factory Ltd
—
Deed Of Trust
related
$510,000 · First Hawaiian Bk
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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