Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Office buildings
1043 Makawao Ave Makawao, HI 96768-9465
Trust Owned
6-yr Hold
Free & Clear
Property ID
US24-0082341
Property summary
AI-generated overview
This exceptional commercial property, located at 1043 Makawao Ave, Makawao, HI 96768, offers 1,712 square feet of immediately available office space within the 15,040 square foot Makawao Business Center. Built in 1990, this two-story building boasts a variety of office styles, including creative, traditional, executive, and coworking options, making it a versatile choice for various business needs. The property features ample customer parking, a significant advantage for client accessibility. Common restrooms are conveniently located for shared use. The building's prime location on Makawao Avenue ensures excellent visibility and exposure for your business. The property sits on a substantial 33,555 square foot lot, offering potential for future expansion or outdoor amenities. The responsive management team ensures a smooth and efficient operational experience. This multi-tenant building presents a fantastic opportunity to establish or expand your business in a thriving Maui location. The available space is ideal for a variety of businesses seeking a well-maintained and conveniently located office space. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
WOOD
Total area
7,520 SF
Lot
0.77 ac (33,555 SF)
Zoning code
2
APN
2-4-024-002
UPID
US24-0082341
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
-
Dr. Michael L. Rimm, MD Physician
-
Nalani W Archibeque PHD Physician Medical Clinic
-
Galler Rimm Behavioral Health Services Crisis Center Medical Clinic
-
Mike Luque Training Gym & Fitness Center
-
Lotus Acupuncture Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$2.00M
Owner & transaction history
Meagher,joan Trust · 6 yrs held
Meagher,joan Trust
since 2019
4 recorded transactions
Zoning & alternative use
2 · Makawao, 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 Makawao submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Makawao 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%
$2,660,000
6.5%
$2,455,000
7%
$2,280,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,285,000
Current use
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±10%
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
$265 / 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
$21,992
Tax year 2023
Assessed value
$3,635,100
Assessed 2023
Previous assessed
$3,139,900
+15.8% YoY
Effective rate
0.60%
On assessed value
Assessed land
$1,818,000
Assessed improvement
$1,817,100
Land market value
$1,818,000
Improvement market value
$1,817,100
Total market value
$3,635,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Stories
2
Bathrooms
13
Total area
7,520 SF
Lot
0.77 ac (33,555 SF)
Zoning code
2
APN
2-4-024-002
UPID
US24-0082341
Jurisdiction
MAUI
Zoning & alternative use
2 · Makawao, HIZoning 2 · permitted uses
2 · Makawao, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.3M
OFFICE BUILDING 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
1990
Construction
WOOD
Heating
NONE
Stories
2
Bathrooms
13
Lot
0.77 ac
Current owner
From public records · entity-resolved
Meagher,joan Trust
Trust
Free & Clear · 6 yrs held
Mailing address
PO BOX 218, KAHULUI, HI 96733-6718
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2019
—
Meagher,joan Trust
Joan Meagher
Affidavit Of Death
related
—
Dec 30, 2008
$93,986
Coral Wireless LLC
Peter W Meagher
Grant Deed
—
Dec 30, 2008
—
Coral Wireless LLC
—
Loan Modification
related
$70,000,000 · Anacapa Funding I LLC Anacapa Funding I LLC
Mar 28, 2007
$928,320
Dpp Family
Mulligan P E & P M Trust
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1043 Makawao Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
