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Property profile & analytics
FOR SALE
Office buildings
375 Huku Lii Pl Kihei, HI 96753
Entity Owned
4-yr Hold
Free & Clear
Property ID
US24-0150086
For Sale
1 / 2
$3,475,000
375 Huku Lii Pl, Kihei, HI 96753
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,567 SF
Lot
0.51 ac (22,104 SF)
Zoning code
M-1
APN
3-9-045-004
UPID
US24-0150086
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
$3.08M
CAP Approach
CAP
$3.45M
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$3.48M
Owner & transaction history
1036 Lanai Ave LLC · 4 yrs held
1036 Lanai Ave LLC
since 2022
Last sale
$3.7M
3 recorded transactions
Zoning & alternative use
M-1 · Kihei, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.1M
+10.3%
Commercial (general)
$5.0M
+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 Kihei submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kihei 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
$3,535,000
ML approach
$3,080,000
CAP Approach
CAP Return
Estimation
6%
$3,735,000
6.5%
$3,450,000
7%
$3,205,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,615,000
Current use
RETAIL STORES
$5,090,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,020,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±10% · vs last sale $3.65M (Mar 1 2022)
Last sale anchor
$3.65M
Mar 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
$329 / 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
$22,905
Tax year 2023
Assessed value
$3,249,000
Assessed 2023
Previous assessed
$2,861,300
+13.5% YoY
Effective rate
0.70%
On assessed value
Assessed land
$840,000
Assessed improvement
$2,409,000
Land market value
$840,000
Improvement market value
$2,409,000
Total market value
$3,249,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Units
1
Bathrooms
13
Total area
10,567 SF
Lot
0.51 ac (22,104 SF)
Zoning code
M-1
APN
3-9-045-004
UPID
US24-0150086
Jurisdiction
MAUI
Zoning & alternative use
M-1 · Kihei, HI
Zoning M-1 · permitted uses
M-1 · Kihei, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kihei. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.6M
RETAIL STORES
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$5.0M
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Bathrooms
13
Lot
0.51 ac
Current owner
From public records · entity-resolved
1036 Lanai Ave LLC
Entity
Free & Clear · 4 yrs held
Mailing address
207 KUPUOHI ST, LAHAINA, HI 96761-2738
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
—
1036 Lanai Ave LLC
—
Deed
related
$1,000,000 · Bank Of Hawaii
Mar 1, 2022
$3,650,000
1036 Lanai Ave LLC
Damien T K Kim
Limited Warranty Deed
—
Oct 27, 1993
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
$300,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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