Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office buildings
2180 Main St Wailuku, HI 96793-1625
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US24-0226813
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,398 SF
Lot
1.39 ac (60,625 SF)
Zoning code
B-3
APN
3-4-013-029
UPID
US24-0226813
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
-
Clinical Labs of Hawaii Medical Laboratory
-
Brian Hozaki, RPT Physician
-
Douglas K. Mcgregor, PT Physician
-
Monica Stevens, LMT Alternative Medicine Practice Spa & Massage Center
-
Smith John Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$929k
Blend (final)
Blend
$850k
Owner & transaction history
First Hawaiian Bank · 3 yrs held
First Hawaiian Bank
since 2023
7 recorded transactions
Zoning & alternative use
B-3 · Wailuku, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+63.4%
Commercial (general)
$1.1M
+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
$515,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$725,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$705,000
Current use
RETAIL STORES
$1,155,000
Change: +63% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,140,000
Change: +61% · Conversion: Easy
WAREHOUSE, STORAGE
$650,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$77,409
Tax year 2023
Assessed value
$12,794,900
Assessed 2023
Previous assessed
$3,348,890
+282.1% YoY
Effective rate
0.60%
On assessed value
Assessed land
$3,168,300
Assessed improvement
$9,626,600
Land market value
$3,168,300
Improvement market value
$9,626,600
Total market value
$12,794,900
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Bathrooms
12
Total area
2,398 SF
Lot
1.39 ac (60,625 SF)
Zoning code
B-3
APN
3-4-013-029
UPID
US24-0226813
Jurisdiction
MAUI
Zoning & alternative use
B-3 · Wailuku, HI
Zoning B-3 · permitted uses
B-3 · 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
$705,000
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$650,000
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
12
Lot
1.39 ac
Current owner
From public records · entity-resolved
First Hawaiian Bank
Entity
Mailing address
2339 KAMEHAMEHA HWY, HONOLULU, HI 96819-2311
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
—
First Hawaiian Bank
The Maui Medical Group INC
Assignment Of Lease (leasehold Sale)
$1,000,000 · First Hawaiian Bank
Apr 29, 2021
—
The Maui Medical Group INC
—
Deed
related
$900,000 · First Hawaiian Bank
Mar 1, 2019
—
First Hawaiian Bk
Maui Medical Group INC
Grant Deed
—
Jan 29, 2014
—
Hawaiian Bk First
Maui Medical Group INC
Grant Deed
—
Feb 3, 2010
—
Maui Medical Group INC
—
Deed Of Trust
related
$1,340,000 · First Hawaiian Bank
—
—
Maui Medical Group INC
—
Deed Of Trust
related
$3,598,045 · First Hawaiian Bank
—
—
Maui Medical Group INC
—
Deed Of Trust
related
$1,518,000 · 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.
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?”
You own 2180 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
