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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Warehouses
1007 Miki Rd, Lanai City, HI 96763
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0505139
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Construction
STEEL FRAME
Total area
10,042 SF
Lot
29212.04 ac (1,272,476,680 SF)
Zoning code
INTERIM
APN
4-9-002-001
UPID
US24-0505139
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
by Request
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.26M
Owner & transaction history
Max Menor Giron · 1 yrs held
Max Menor Giron
since 2025
Last sale
$2,000
7 recorded transactions
Zoning & alternative use
INTERIM · Lanai City, 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 Lanai City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lanai City 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,520,000
6.5%
$2,325,000
7%
$2,160,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,720,000
Current use
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $2k (Jun 16 2020)
Last sale anchor
$2k
Jun 16 2020
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
$225 / 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
$456,767
Tax year 2023
Assessed value
$35,134,800
Assessed 2023
Previous assessed
$16,963,900
+107.1% YoY
Effective rate
1.30%
On assessed value
Assessed land
$29,889,000
Assessed improvement
$5,245,800
Land market value
$29,889,000
Improvement market value
$5,245,800
Total market value
$35,134,800
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2014
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
17
Stories
1
Units
1
Rooms
31
Bathrooms
8
Total area
10,042 SF
Lot
29212.04 ac (1,272,476,680 SF)
Zoning code
INTERIM
APN
4-9-002-001
UPID
US24-0505139
Jurisdiction
MAUI
Zoning & alternative use
INTERIM · Lanai City, HI
Zoning INTERIM · permitted uses
INTERIM · Lanai City, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lanai City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.7M
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
2014
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
17
Units
1
Rooms
31
Bathrooms
8
Lot
29212.04 ac
Current owner
From public records · entity-resolved
Max Menor Giron
Individual
Free & Clear · 1 yrs held
Mailing address
733 BISHOP ST STE #1500, HONOLULU, HI 96813-4019
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2025
—
Max Menor Giron
Max Menor Giron
Deed
related
—
Jun 16, 2020
—
Batoon Family Joint Trust
Richard P Batoon
Quit Claim Deed
related
—
Sep 26, 2012
—
Castle & Cooke Resorts LLC
Castle & Cooke INC
Quit Claim Deed
related
—
Jun 27, 2012
—
Castle & Cooke Resorts LLC
Castle & Cooke INC
Quit Claim Deed
related
—
Jun 22, 2012
$930,400
Castle & Cooke Resorts LLC
Castle & Cooke INC
Grant Deed
—
Jun 22, 2012
$6,834,800
Castle & Cooke Resorts LLC
Castle & Cooke INC
Grant Deed
—
Jun 22, 2012
$4,698,400
Castle & Cooke Resorts LLC
Castle & Cooke INC
Grant Deed
—
Feb 14, 2011
—
Castle & Cooke INC
—
Deed Of Trust
related
$419,054,502 · Wells Fargo Bank
Jul 29, 2010
—
County Of Maui
Castle & Cooke INC
Warranty Deed
—
Mar 17, 2010
—
Castle & Cooke INC
—
Deed Of Trust
related
$497,100,000 · Wells Fargo Bank
Jan 19, 2007
—
Castle & Cooke Resorts LLC
—
Deed Of Trust
related
$225,000,000 · Wells Fargo Bank
Nov 13, 1998
—
Maui County (hi)
Castle & Cooke Homes INC
Grant Deed
related
—
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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