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Property profile & analytics
OFF-MARKET
Estimated value
$2,560,000
Manufacturing properties
13500 Haleakala Hwy Kula, HI 96790
Individually Owned
6-yr Hold
Free & Clear
Property ID
US24-0568132
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2017
Construction
WOOD
Total area
13,500 SF
Lot
157.13 ac (6,844,365 SF)
Zoning code
AGR
APN
2-3-007-001
UPID
US24-0568132
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
$2.58M
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.56M
Owner & transaction history
David C Cole · 6 yrs held
David C Cole
since 2019
6 recorded transactions
Zoning & alternative use
AGR · Kula, 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 Kula submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kula 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%
$2,790,000
6.5%
$2,575,000
7%
$2,390,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,095,000
Current use
COMMERCIAL (GENERAL)
$2,750,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$2,605,000
Change: -16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,555,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.56M
Range $2.30M – $2.82M · ±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
$190 / 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
$18,661
Tax year 2023
Assessed value
$3,928,430
Assessed 2023
Previous assessed
$3,928,430
+0.0% YoY
Effective rate
0.48%
On assessed value
Assessed land
$3,785,100
Assessed improvement
$143,330
Land market value
$5,926,900
Improvement market value
$143,330
Total market value
$6,070,230
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Rooms
10
Bathrooms
6
Total area
13,500 SF
Lot
157.13 ac (6,844,365 SF)
Zoning code
AGR
APN
2-3-007-001
UPID
US24-0568132
Jurisdiction
MAUI
Zoning & alternative use
AGR · Kula, HI
Zoning AGR · permitted uses
AGR · Kula, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kula. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2017
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Rooms
10
Bathrooms
6
Lot
157.13 ac
Current owner
From public records · entity-resolved
David C Cole
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 672, KULA, HI 96790-0672
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2019
—
David C Cole
Pan Pacific Ventures
Grant Deed
—
May 8, 2015
—
Pan Pacific Ventures
Sunnyside Farms LLC
Warranty Deed
—
Oct 16, 2008
$2,615,000
Kula Koa LLC
Hafer,kevin J
Grant Deed
—
Feb 26, 2007
$4,057,439
Sunnyside Farms LLC
Maui Land & Pineapple Co INC
Warranty Deed
—
Dec 28, 2006
$4,000,000
Westwood C D INC
Maui Land & Pineapple Co INC
Warranty Deed
—
—
—
Ryan L Churchill
—
Deed Of Trust
related
$2,200,000 · Wells Fargo Home Mtg Hawaii
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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