Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Warehouses
305 Wakea Ave Kahului, HI 96732-2417
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0071316
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,472 SF
Lot
0.52 ac (22,829 SF)
Zoning code
M-1
APN
3-7-012-016
UPID
US24-0071316
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
-
Olowalu Water Company Water Utility Company
-
Mancini Welch & Geiger LLP Law Firm
-
Thomas D. Welch Jr. Law Firm
-
Dylan Payne Real Estate Agency
-
Hope Builders General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Hedco Local Dev Corp · 9 yrs held
Hedco Local Dev Corp
since 2016
7 recorded transactions
Zoning & alternative use
M-1 · Kahului, 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 Kahului submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kahului 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$119 / 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
$16,756
Tax year 2023
Assessed value
$2,376,800
Assessed 2023
Previous assessed
$2,376,800
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$836,900
Assessed improvement
$1,539,900
Land market value
$836,900
Improvement market value
$1,539,900
Total market value
$2,376,800
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
13
Total area
10,472 SF
Lot
0.52 ac (22,829 SF)
Zoning code
M-1
APN
3-7-012-016
UPID
US24-0071316
Jurisdiction
MAUI
Zoning & alternative use
M-1 · Kahului, HIZoning M-1 · permitted uses
M-1 · Kahului, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
13
Lot
0.52 ac
Current owner
From public records · entity-resolved
Hedco Local Dev Corp
Entity
Mailing address
210 ALAMAHA ST, KAHULUI, HI 96732-2422
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2016
—
Hedco Local Dev Corp
Lmi Properties LLC
Grant Deed
$1,145,000 · Hedco Local Dev
Oct 7, 2016
$2,795,000
Lmi Properties LLC
210 Alamaha LLC
Warranty Deed
$1,397,400 · Bank Of Hi
Apr 27, 2009
—
Ano Lani INC
210 Alamaha LLC
Lease
$1,371,000 · Hedco Local Development Corporation
Mar 31, 2009
—
210 Alamaha LLC
Doran,james R
Grant Deed
$1,340,000 · First Hawaiian Bank
Mar 31, 2009
$3,350,000
210 Alamaha LLC
Doran James R JR Trust
Warranty Deed
$1,675,000 · First Hawaiian Bank
Dec 2, 2008
$1,394,000
Doran James R JR Trust
A & B Properties INC
Grant Deed
$1,414,000 · First Hawaiian Bank
Jul 11, 2007
—
Doran James R JR Trust
Doran,james R
Quit Claim Deed
—
Mar 14, 2003
$1,304,000
Wakea Building LLC
A & B Properties INC
Grant Deed
$1,354,000 · First Hawaiian Bank
Mar 14, 2003
$351,800
Russell T Stodd
A & B Properties INC
Grant Deed
—
Jan 15, 2003
$620,000
190 Alamaha LLC
A & B Properties INC
Grant Deed
$505,000 · American Savings Bank
Jul 19, 2002
$1,400,000
Mark Miller
A & B Properties INC
Grant Deed
$1,700,000 · First Hawaiian Bank
Jan 9, 2002
$658,300
Maui Land
A & B Properties INC
Grant Deed
related
—
Jan 8, 2002
$383,000
Michael A Perreira
A & B Properties INC
Grant Deed
related
$540,000 · Finance Factors Ltd
Jan 5, 2001
$693,800
Pagan Partners
A & B Properties INC
Grant Deed
$715,000 · Bank Of Hawaii
May 15, 2000
$896,600
Youngs Holdings INC
A & B Properties INC
Grant Deed
related
—
Jan 8, 1999
$2,528,200
Associates Steel Workers
A & B Properties INC
Grant Deed
$2,000,000 · First Hawaiian Bank
—
—
Lmi Properties LLC
—
Deed Of Trust
related
$1,145,000 · Hedco Local Dev
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 305 Wakea Ave?
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.
