Back to Search
Property profile & analytics
FOR LEASE
Retail space
1221 Honoapiilani Hwy Lahaina, HI 96761
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US24-0206306
For Lease
1 / 4
Contact for pricing
1221 Honoapiilani Hwy, Lahaina, HI 96761
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
WOOD
Total area
156,461 SF
Lot
15.57 ac (678,185 SF)
Zoning code
M-1
APN
4-5-011-004
UPID
US24-0206306
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
$57.51M
Comparable Approach
Comparable
$77.17M
Blend (final)
Blend
$55.40M
Owner & transaction history
Pfp 2023 10 Ltd · 2 yrs held
Pfp 2023 10 Ltd
since 2023
7 recorded transactions
Zoning & alternative use
M-1 · Lahaina, 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 Lahaina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lahaina 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%
$62,295,000
6.5%
$57,505,000
7%
$53,395,000
Alternative Use
Use
Estimation
RETAIL STORES
$75,360,000
Current use
COMMERCIAL (GENERAL)
$74,360,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$68,325,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$55.40M
Range $49.86M – $60.94M · ±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
$354 / 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
$340,614
Tax year 2023
Assessed value
$48,314,000
Assessed 2023
Previous assessed
$48,314,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$32,560,500
Assessed improvement
$15,753,500
Land market value
$32,560,500
Improvement market value
$15,753,500
Total market value
$48,314,000
Applied tax rate
4.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
13
Total area
156,461 SF
Lot
15.57 ac (678,185 SF)
Zoning code
M-1
APN
4-5-011-004
UPID
US24-0206306
Jurisdiction
MAUI
Zoning & alternative use
M-1 · Lahaina, HIZoning M-1 · permitted uses
M-1 · Lahaina, 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
RETAIL STORES Current
Est. value
$75.4M
COMMERCIAL (GENERAL)
Est. value
$74.4M
OFFICE BUILDING
Est. value
$68.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
13
Lot
15.57 ac
Current owner
From public records · entity-resolved
Pfp 2023 10 Ltd
Individual
Mailing address
600 MONTGOMERY ST STE #1700, SAN FRANCISCO, CA 94111-2719
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2023
—
Pfp 2023 10 Ltd
Prime Finance Short Duration Holdin
Assignment Of Lease (leasehold Sale)
—
Jul 5, 2023
—
Prime Finance Short Duration Holdin
Lahaina Cannery Retail Owner LP
Assignment Of Lease (leasehold Sale)
$7,416,000 · Prime Finance Short Duration Holding Com
Jul 15, 2020
—
Lahaina Cannery Retail Owner L
—
Deed
related
$74,930,000 · Miscellaneous Ins Co
Oct 16, 2017
—
Gp Commercial Wf LLC
Th Coml Mtg LLC
Grant Deed
—
Jun 24, 2016
$64,750,000
Lahaina Cannery Retail Owner LP
Lahaina Cannery Shops LLC
Limited Warranty Deed
$50,300,000 · Th Commercial Mortgage LLC
Jan 2, 2015
$178,665,060
Lahaina Cannery Shops LLC
Property Dev Centers LLC
Trustees Deed
related
$39,000,000 · Bank Of America
Sep 30, 2014
$58,500,000
Property Development Centers LLC
Lahaina Cannery Mall LLC
Limited Warranty Deed
—
Dec 26, 2003
$46,670,000
Lahaina Cannery Mall LLC
Hawaii Omori Corp
Trustees Deed
$37,336,000 · Wells Fargo Bank
Dec 26, 2003
—
Lahaina Cannery Mall LLC
—
Deed Of Trust
related
$37,336,000 · Wells Fargo Bank
—
—
Lahaina Cannery Retail Owner L
—
Deed Of Trust
related
$74,930,000 · Miscellaneous Ins Co
—
—
Lahaina Cannery Mall LLC
—
Deed Of Trust
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.
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?”
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.
