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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Commercial real estate
1188 Makawao Ave Makawao, HI 96768-9448
Trust Owned
11-yr Hold
Free & Clear
Property ID
US24-0347805
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1929
Construction
FRAME
Total area
1,628 SF
Lot
0.49 ac (21,553 SF)
Zoning code
INTERIM
APN
2-4-007-069
UPID
US24-0347805
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
-
Lunchbox Maui Restaurant
-
Parliament Cafe Cafe & Coffee Shop
-
Casanova Italian Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$335k
Blend (final)
Blend
$540k
Owner & transaction history
Stone,joshua A Trust · 11 yrs held
Stone,joshua A Trust
since 2015
5 recorded transactions
Zoning & alternative use
INTERIM · Makawao, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$785,000
+1.3%
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 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%
$560,000
6.5%
$520,000
7%
$480,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$775,000
Current use
RETAIL STORES
$785,000
Change: +1% · Conversion: Easy
OFFICE BUILDING
$710,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$332 / 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
$11,399
Tax year 2023
Assessed value
$1,260,630
Assessed 2023
Previous assessed
$1,593,900
-20.9% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,249,200
Assessed improvement
$11,430
Land market value
$1,249,200
Improvement market value
$11,430
Total market value
$1,260,630
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1929
Construction
FRAME
Heating
NONE
Buildings
2
Stories
1
Units
4
Rooms
6
Bathrooms
2
Total area
1,628 SF
Lot
0.49 ac (21,553 SF)
Zoning code
INTERIM
APN
2-4-007-069
UPID
US24-0347805
Jurisdiction
MAUI
Zoning & alternative use
INTERIM · Makawao, HIZoning INTERIM · permitted uses
INTERIM · 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
COMMERCIAL (GENERAL) Current
Est. value
$775,000
RETAIL STORES
Est. value
$785,000
OFFICE BUILDING
Est. value
$710,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
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
1929
Construction
FRAME
Heating
NONE
Stories
1
Buildings
2
Units
4
Rooms
6
Bathrooms
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Stone,joshua A Trust
Trust
Free & Clear · 11 yrs held
Mailing address
1625 HALIIMAILE RD, MAKAWAO, HI 96768-9651
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2019
—
Joshua A Stone
—
Deed
related
$320,000 · Central Pacific Bank
Jun 22, 2015
—
Stone,joshua A Trust
Stone,joshua A & Amy M
Quit Claim Deed
related
—
Jun 4, 2015
—
Joshua A Stone
Stone Joshua A Trust
Quit Claim Deed
related
—
Aug 15, 2011
—
Stone Joshua A Trust
—
Deed Of Trust
related
$2,062,500 · First Hawaiian Bank
May 28, 2008
$2,600,000
Stone Joshua A Trust
Molina S S & M C Trust
Warranty Deed
$1,400,000 · 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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