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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Office buildings
2200 Main St Wailuku, HI 96793-1681
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0014662
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
5,908 SF
Lot
0.84 ac (36,594 SF)
Zoning code
B-2
APN
3-4-014-007
UPID
US24-0014662
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
-
Maui County Film Office Film Production Television Studio
-
Glick Design Marketing & Advertising Advertising Agency
-
Maui County Planning Department County Government Office
-
One Main Plaza Business Service Center Corporate Office
-
Maui Immigrant Services County Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.93M
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$2.09M
Owner & transaction history
2200 Main Land LLC · 7 yrs held
2200 Main Land LLC
since 2018
7 recorded transactions
Zoning & alternative use
B-2 · Wailuku, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.8M
+63.4%
Commercial (general)
$2.8M
+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%
$2,090,000
6.5%
$1,930,000
7%
$1,790,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,740,000
Current use
RETAIL STORES
$2,845,000
Change: +63% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,810,000
Change: +61% · Conversion: Easy
WAREHOUSE, STORAGE
$1,600,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±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
$54,968
Tax year 2023
Assessed value
$21,729,200
Assessed 2023
Previous assessed
$18,624,600
+16.7% YoY
Effective rate
0.25%
On assessed value
Assessed land
$1,950,500
Assessed improvement
$19,778,700
Land market value
$1,950,500
Improvement market value
$19,778,700
Total market value
$21,729,200
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
1989
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
13
Total area
5,908 SF
Lot
0.84 ac (36,594 SF)
Zoning code
B-2
APN
3-4-014-007
UPID
US24-0014662
Jurisdiction
MAUI
Zoning & alternative use
B-2 · Wailuku, HI
Zoning B-2 · permitted uses
B-2 · 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
$1.7M
RETAIL STORES
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$1.6M
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
1989
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
13
Lot
0.84 ac
Current owner
From public records · entity-resolved
2200 Main Land LLC
Entity
Mailing address
4040 MACARTHUR BLVD STE #300, NEWPORT BEACH, CA 92660-2500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2019
—
2200 Main Land LLC
—
Grant Deed
related
$23,500,000 · Barclays Cap R/e
Nov 7, 2018
—
2200 Main Land LLC
Sam Henry A Trust
Grant Deed
—
Nov 7, 2018
$2,204,990
2200 Main Land LLC
Sam Henry A Trust
Warranty Deed
—
Oct 13, 2017
—
Lcc Warehouse III LLC
Loancore Cap Credit Reit LLC
Grant Deed
—
Aug 1, 2017
—
2200 Main LLC
—
Grant Deed
related
$25,000,000 · Loancore Cap Credit Reit LLC
Jul 7, 2011
—
Maui Office LLC
Kunewa Joseph H Trust
Grant Deed
related
—
May 8, 2009
—
Sam Henry A Trust
Sam,henry J A
Quit Claim Deed
related
—
Dec 13, 2007
—
Kunewa Joseph H Trust
Kunewa,joseph H
Quit Claim Deed
related
—
Jul 20, 2007
$93,986
Coral Wireless LLC
Maui Office LLC
Deed Of Trust
related
$70,000,000 · Anacapa Funding I LLC
May 14, 2007
—
2200 Main LLC
Maui Office LLC
Assignment Of Lease (leasehold Sale)
$21,700,000 · Bank Of America NA
Mar 7, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Mar 3, 2006
$15,963,866
Maui Office LLC
Alexander & Baldwin INC
Grant Deed
$11,925,000 · First Reg'l Bk
May 6, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
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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