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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Office buildings
140 Market St, Wailuku, HI 96793-1732
Entity Owned
7-yr Hold
Free & Clear
Property ID
US24-0010052
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1934
Construction
WOOD
Total area
3,780 SF
Lot
0.38 ac (16,426 SF)
Zoning code
R-1
APN
3-4-017-020
UPID
US24-0010052
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
-
Vein Clinics of Hawaii Medical Clinic
-
Sumek Dance Training Center
-
Arc of Maui Charitable Organization Social Service Agency
-
Stephen Hubert DDS Dental Office
-
Frunzi & Yee Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.17M
Owner & transaction history
Arc Of Maui County · 7 yrs held
Arc Of Maui County
since 2019
6 recorded transactions
Zoning & alternative use
R-1 · Wailuku, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+63.4%
Commercial (general)
$1.8M
+61.2%
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 Wailuku submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wailuku 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%
$1,335,000
6.5%
$1,235,000
7%
$1,145,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,115,000
Current use
RETAIL STORES
$1,820,000
Change: +63% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,795,000
Change: +61% · Conversion: Easy
WAREHOUSE, STORAGE
$1,025,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$310 / 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
Assessed value
$1,572,200
Assessed 2023
Previous assessed
$1,347,200
+16.7% YoY
Assessed land
$546,500
Assessed improvement
$1,025,700
Land market value
$546,500
Improvement market value
$1,025,700
Total market value
$1,572,200
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
1934
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
1
Bathrooms
10
Total area
3,780 SF
Lot
0.38 ac (16,426 SF)
Zoning code
R-1
APN
3-4-017-020
UPID
US24-0010052
Jurisdiction
MAUI
Zoning & alternative use
R-1 · Wailuku, HI
Zoning R-1 · permitted uses
R-1 · Wailuku, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wailuku. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1934
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Bathrooms
10
Lot
0.38 ac
Current owner
From public records · entity-resolved
Arc Of Maui County
Entity
Free & Clear · 7 yrs held
Mailing address
140 N MARKET ST202B, WAILUKU, HI 96793-1732
Mailing matches property
Yes
Owner-occupied
Yes
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
Jan 24, 2019
$1,500,000
Arc Of Maui County
Hmu Associates LLC
Warranty Deed
—
Oct 1, 2010
$1,050,000
Hmu Associates LLC
Field,dane S
Trustees Deed
$735,000 · Hawaii National Bank
Oct 31, 2003
$1,030,000
Lloyd Y Kimura
Maui Three INC
Grant Deed
$712,500 · Hawaii National Bank
Oct 31, 2003
$384,000
130 N Market St LLC
Maui Three INC
Grant Deed
$339,000 · Hawaii National Bank
—
—
Hmu Associates LLC
—
Deed Of Trust
related
$416,146 · Unemori Hilton H Trust (pt)
—
—
Ecm INC
—
Deed Of Trust
related
$65,000 · Hawaii National 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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