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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
24 Luna Ln, Paia, HI 96779
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0089544
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Construction
WOOD
Total area
1,740 SF
Lot
0.09 ac (3,989 SF)
Zoning code
INTERIM
APN
2-6-005-025
UPID
US24-0089544
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$507k
Blend (final)
Blend
$620k
Owner & transaction history
120 Hanna Hwy LLC · 13 yrs held
120 Hanna Hwy LLC
since 2013
7 recorded transactions
Zoning & alternative use
INTERIM · Paia, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$840,000
+10.3%
Commercial (general)
$825,000
+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 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%
$615,000
6.5%
$570,000
7%
$525,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$760,000
Current use
RETAIL STORES
$840,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$825,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$356 / 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
$10,316
Tax year 2023
Assessed value
$1,705,200
Assessed 2023
Previous assessed
$1,524,600
+11.8% YoY
Effective rate
0.60%
On assessed value
Assessed land
$777,800
Assessed improvement
$927,400
Land market value
$777,800
Improvement market value
$927,400
Total market value
$1,705,200
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Rooms
4
Bathrooms
1
Total area
1,740 SF
Lot
0.09 ac (3,989 SF)
Zoning code
INTERIM
APN
2-6-005-025
UPID
US24-0089544
Jurisdiction
MAUI
Zoning & alternative use
INTERIM · Paia, HI
Zoning INTERIM · permitted uses
INTERIM · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$760,000
RETAIL STORES
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$825,000
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
2014
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Rooms
4
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
120 Hanna Hwy LLC
Entity
Mailing address
845 WAINEE ST STE #213, LAHAINA, HI 96761-1688
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Sep 1, 2022
—
120 Hanna Hwy LLC
—
Deed
related
$8,000,000 · Bank Of Hawaii
Apr 16, 2013
—
120 Hanna Hwy LLC
120 Hanna Hwy LLC
Quit Claim Deed
related
—
Mar 1, 2004
—
Bear Stearns Coml Mtg Secu
Morgan Stanley Mtg Cap INC
Grant Deed
related
—
Feb 24, 2003
—
120 Hanna Hwy LLC
—
Deed Of Trust
related
$4,162,500 · Morgan Stanley Dean Witter Mtg
Oct 1, 2002
$4,972,600
Paia Partners
—
Grant Deed
related
—
—
—
120 Hanna Hwy LLC
—
Loan Modification
related
$9,000,000 · Wells Fargo Bk
—
—
Paia Partners
—
Deed Of Trust
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.
Try Rey
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