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Property profile & analytics
OFF-MARKET
Estimated value
$2,195,000
Office buildings
22 Ohia Ku St Makawao, HI 96768-8288
Individually Owned
10-yr Hold
Free & Clear
Property ID
US24-0468354
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Construction
WOOD
Total area
6,912 SF
Lot
1.45 ac (63,032 SF)
Zoning code
2
APN
2-3-066-017
UPID
US24-0468354
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
-
DKIST Science Support Center (DSSC) Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$2.20M
Owner & transaction history
Association Of Univs & Research & Ast · 10 yrs held
Association Of Univs & Research & Ast
since 2015
3 recorded transactions
Zoning & alternative use
2 · Makawao, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.3M
+10.3%
Commercial (general)
$3.3M
+8.8%
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 Makawao submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Makawao 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%
$2,445,000
6.5%
$2,255,000
7%
$2,095,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,020,000
Current use
RETAIL STORES
$3,330,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,285,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±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
$318 / 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
$300
Tax year 2023
Assessed value
$6,594,700
Assessed 2023
Previous assessed
$6,594,700
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,266,200
Assessed improvement
$5,328,500
Land market value
$1,266,200
Improvement market value
$5,328,500
Total market value
$6,594,700
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
2017
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Total area
6,912 SF
Lot
1.45 ac (63,032 SF)
Zoning code
2
APN
2-3-066-017
UPID
US24-0468354
Jurisdiction
MAUI
Zoning & alternative use
2 · Makawao, HIZoning 2 · permitted uses
2 · Makawao, 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
OFFICE BUILDING Current
Est. value
$3.0M
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
2
Lot
1.45 ac
Current owner
From public records · entity-resolved
Association Of Univs & Research & Ast
Individual
Free & Clear · 10 yrs held
Mailing address
950 N CHERRY AVE, TUCSON, AZ 85719-4933
Ownership since
2015
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
Aug 28, 2015
$1,030,000
Association Of Univs & Research & Ast
Kulamalu LLC
Warranty Deed
—
—
—
Kulamalu LLC
—
Deed Of Trust
related
$1,030,000 · Gbi Holding Co
—
—
Kulamalu LLC
—
Deed Of Trust
related
$77,337 · Gbi Holding Co
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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