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    Property profile & analytics

    93 Hana Hwy Paia, HI 96779

    • Retail space
    • 1,108 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    8.3%
    Retail space
    Location Intelligence
    Property ID
    US24-0060196
    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

    • Paia Inn Hotel / Hotel
    • 1111 Nikkei Sushi at Paia Inn / Food And Drink
    • Imrie Industries Inc / Clothing Store
    • Coast Store + Spa / Spa / Boutique
    • Vana Paia / Sushi Restaurant / Wine Bar

    Property Details for 93 Hana Hwy

    Year built
    1927
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    1,108 SF
    Zone code
    2
    Property type
    Retail space
    APN
    2-6-002-027
    APU
    26002027

    Description

    This exceptional investment opportunity presents a highly-rated, award-winning boutique hotel in Paia, Maui. Boasting a 16-year history, this two-story commercial building underwent a complete renovation in 2008, including upgraded utilities and a new fire sprinkler system. A 2018 addition expanded the property to nine deluxe guest rooms. The property also features a thriving, leased full-service restaurant and bar with indoor and patio seating, plus a rooftop space perfect for private events. A retail space with high visibility on the Road to Hana is ideal for upscale boutiques. Six dedicated parking spaces are a rare find in Paia. The property includes a transferable permit. This unique offering is one of nine properties available for sale within a larger portfolio, combining hospitality, dining, retail, wedding, and event spaces. Located in one of Maui's most vibrant beach towns, this hotel offers unparalleled access to Paia's white sand beaches and is the only boutique hotel on Maui's North Shore and Upcountry areas. The 0.13-acre lot provides ample space for the existing structures and operations. This is a rare chance to acquire a well-established and profitable commercial property in a prime location. The property's diverse revenue streams and strong existing tenant create a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $440,000
      6.5%
      $405,000
      7%
      $380,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Paia
    County
    Maui
    State
    Hawaii
    Longitude
    -156.382
    Latitude
    20.916
    CBSA code
    27980
    CBSA name
    KAHULUI-WAILUKU, HI MICROPOLITAN 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
    $30,774
    $1,849,100
    $747,900
    $2,597,000
    -
    $1,849,100
    $747,900
    $2,597,000

    Comparable in this City

    • Value Estimation
      $310,000
      2,423 SF

      99 Hana Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,423 SF
      99 Hana Hwy, Paia, HI 96779
      View Details
    • Value Estimation
      $205,000
      484 SF

      28 Baldwin Ave

      RETAIL STORES (PERSONAL SERVICES) • 484 SF
      28 Baldwin Ave, Paia, HI 96779
      View Details
    • Value Estimation
      $1,385,000
      1,054 SF

      109 Baldwin Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,054 SF
      109 Baldwin Ave, Paia, HI 96779
      View Details
    • Value Estimation
      $425,000
      2,492 SF

      Ulupua Pl

      RETAIL STORES (PERSONAL SERVICES) • 2,492 SF
      Ulupua Pl, Paia, HI 96779
      View Details
    • Value Estimation
      $3,310,000
      984 SF

      137 Hana Hwya

      RETAIL STORES (PERSONAL SERVICES) • 984 SF
      137 Hana Hwya, Paia, HI 96779-9745
      View Details
    • Value Estimation
      $320,000
      600 SF

      86 Hana Hwy

      RETAIL STORES (PERSONAL SERVICES) • 600 SF
      86 Hana Hwy, Paia, HI 96779
      View Details

    Similar Nearby for Sale

    • $1,499,000
      0.12 Acres

      Vacant Land Near Paia Beaches

      Rare vacant land near beaches and Paia town.
      301 Paani Pl, Paia, HI 96779
      View Details
    • $1,500,000

      Lanikeha at Kaanapali Golf Estates

      1.012-acre lot with ocean views in gated community.
      4 Anapuni Loop, Lahaina, HI 96779
      View Details
    • $1,495,000
      0.10 Acres

      Vacant Land in Paia, HI

      Vacant land in a desirable Maui neighborhood near beaches.
      301 Paani Pl, Paia, HI 96779
      View Details

    Similar Nearby for Lease

    • $47 SF/Yr
      3,314 SF

      Prime Paia Retail Space

      Historic Charm, High Visibility, 3,314 SF
      43 Hana Hwy, Paia, HI 96779
      View Details
    • $30 SF/Yr
      2,257 SF

      Paia Town Center Executive Suites

      Prime Paia Office Space Available
      120 Hana Hwy, Paia, HI 96779
      View Details
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    Paia, HI 96779
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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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