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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Office buildings
1135 Makawao Ave Makawao, HI 96768-7403
Individually Owned
14-yr Hold
Free & Clear
Property ID
US24-0363252
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
WOOD
Total area
1,876 SF
Lot
0.16 ac (7,166 SF)
Zoning code
B-2
APN
2-4-031-005
UPID
US24-0363252
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
-
Maui Rolfing Alternative Medicine Practice Spa & Massage Center
-
Websites Hawaii Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Jacobs Karl PhD Physician Medical Clinic
-
Country Hauling LLC Trucking Company
-
The Kapila Institute Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$402k
Blend (final)
Blend
$550k
Owner & transaction history
Lee C Monroe · 14 yrs held
Lee C Monroe
since 2011
3 recorded transactions
Zoning & alternative use
B-2 · Makawao, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$905,000
+10.3%
Commercial (general)
$890,000
+8.8%
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%
$665,000
6.5%
$610,000
7%
$570,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$820,000
Current use
RETAIL STORES
$905,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$890,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$293 / 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
$5,693
Tax year 2023
Assessed value
$941,000
Assessed 2023
Previous assessed
$812,400
+15.8% YoY
Effective rate
0.60%
On assessed value
Assessed land
$487,600
Assessed improvement
$453,400
Land market value
$487,600
Improvement market value
$453,400
Total market value
$941,000
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
1987
Construction
WOOD
Heating
NONE
Stories
2
Bathrooms
13
Total area
1,876 SF
Lot
0.16 ac (7,166 SF)
Zoning code
B-2
APN
2-4-031-005
UPID
US24-0363252
Jurisdiction
MAUI
Zoning & alternative use
B-2 · Makawao, HIZoning B-2 · permitted uses
B-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
$820,000
RETAIL STORES
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$890,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1987
Construction
WOOD
Heating
NONE
Stories
2
Bathrooms
13
Lot
0.16 ac
Current owner
From public records · entity-resolved
Lee C Monroe
Individual
Free & Clear · 14 yrs held
Mailing address
149 CANE PL, PAIA, HI 96779-8151
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2011
—
Lee C Monroe
Monroe,graham D & Cyrus M
Quit Claim Deed
related
—
Sep 6, 2011
$1,000
Rose Ellen Building LLC
Monroe,lee C
Warranty Deed
—
Jan 23, 1998
$600,000
Monroe Trust
Jones Trust
Grant Deed
$200,000 · First Hawaiian Bank
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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