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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Retail space
149 Hana Hwy Paia, HI 96779-9745
Entity Owned
21-yr Hold
Free & Clear
Property ID
US24-0085640
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
WOOD
Total area
3,515 SF
Lot
0.23 ac (9,925 SF)
Zoning code
B-2
APN
2-6-004-012
UPID
US24-0085640
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
-
Thai Spice LLC Restaurant
-
Aumakua Kava Lounge Bar & Pub
-
Paia Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$884k
Blend (final)
Blend
$765k
Owner & transaction history
Rb2 LLC · 21 yrs held
Rb2 LLC
since 2005
3 recorded transactions
Zoning & alternative use
B-2 · Paia, 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 Paia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paia 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$218 / 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
$15,910
Tax year 2023
Assessed value
$2,629,700
Assessed 2023
Previous assessed
$2,372,900
+10.8% YoY
Effective rate
0.61%
On assessed value
Assessed land
$1,692,100
Assessed improvement
$937,600
Land market value
$1,692,100
Improvement market value
$937,600
Total market value
$2,629,700
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Off-Market
Year built
2005
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Bathrooms
11
Total area
3,515 SF
Lot
0.23 ac (9,925 SF)
Zoning code
B-2
APN
2-6-004-012
UPID
US24-0085640
Jurisdiction
MAUI
Zoning & alternative use
B-2 · Paia, HI
Zoning B-2 · permitted uses
B-2 · Paia, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Paia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
11
Lot
0.23 ac
Current owner
From public records · entity-resolved
Rb2 LLC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 218, KAHULUI, HI 96733-6718
Ownership since
2005
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
Jan 18, 2005
$596,200
Rb2 LLC
Nakagawa,ray T & Carolyn D
Grant Deed
—
Apr 30, 2004
$440,000
Ray T Nakagawa
Maui Excavation & Construction
Grant Deed
$220,000 · Maui Excavation & Construction
—
—
Rb2 LLC
—
Deed Of Trust
related
$1,350,000 · Central Pacific 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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