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Property profile & analytics
OFF-MARKET
Estimated value
$4,145,000
Warehouses
344 Ahuliu Way Wailuku, HI 96793-3301
Entity Owned
4-yr Hold
Free & Clear
Property ID
US24-0019228
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
STEEL FRAME
Total area
9,800 SF
Lot
0.45 ac (19,527 SF)
Zoning code
3
APN
3-8-094-022
UPID
US24-0019228
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
$3.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.15M
Owner & transaction history
Niu Pia Land Company Ltd · 4 yrs held
Niu Pia Land Company Ltd
since 2022
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
3 · Wailuku, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.7M
+77.8%
Commercial (general)
$4.7M
+75.5%
Office building
$2.9M
+8.9%
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
$4,145,000
ML approach
$3,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,655,000
Current use
RETAIL STORES
$4,720,000
Change: +78% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,655,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$2,890,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$4.15M
Range $3.73M – $4.56M · ±10% · vs last sale $4.28M (Jul 1 2022)
Last sale anchor
$4.28M
Jul 1 2022
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
$423 / 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
$13,528
Tax year 2023
Assessed value
$1,918,800
Assessed 2023
Previous assessed
$1,777,100
+8.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$693,600
Assessed improvement
$1,225,200
Land market value
$693,600
Improvement market value
$1,225,200
Total market value
$1,918,800
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
2008
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
9,800 SF
Lot
0.45 ac (19,527 SF)
Zoning code
3
APN
3-8-094-022
UPID
US24-0019228
Jurisdiction
MAUI
Zoning & alternative use
3 · Wailuku, HIZoning 3 · permitted uses
3 · Wailuku, 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
WAREHOUSE, STORAGE Current
Est. value
$2.7M
RETAIL STORES
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.7M
OFFICE BUILDING
Est. value
$2.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2008
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Niu Pia Land Company Ltd
Entity
Free & Clear · 4 yrs held
Mailing address
900 FT ST MALL STE #1640, HONOLULU, HI 96813-3719
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
$4,275,028
Niu Pia Land Company Ltd
Brooklyn Holdings LLC
Limited Warranty Deed
—
Aug 10, 2016
—
Maui Fire & Flood LLC
Brooklyn Holdings LLC
Grant Deed
related
—
Jun 19, 2015
—
Maui Fire & Flood LLC
Brooklyn Holdings LLC
Grant Deed
$742,000 · Hedco Local Dev
Apr 29, 2015
$1,800,000
Brooklyn Holdings LLC
Pinnacle Consolidated LLC
Warranty Deed
$900,000 · Central Pacific Bank
Jun 3, 2009
$100,000
Pinnacle Consolidated LLC
Roberts,mack
Warranty Deed
—
Oct 1, 2007
$775,000
Mack Roberts
Consolidated Baseyards LLC
Grant Deed
—
—
—
Brooklyn Holdings LLC
—
Deed Of Trust
related
$742,000 · Hedco Local Dev
—
—
Pinnacle Consolidated LLC
—
Deed Of Trust
related
$500,000 · Bank Of Hi
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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