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Property profile & analytics
OFF-MARKET
Estimated value
$3,820,000
Warehouses
395 Dairy Rd, Kahului, HI 96732-2480
Individually Owned
1-yr Hold
Free & Clear
Property ID
US24-0120436
Property summary
AI-generated overview
This exceptional ground floor commercial space, totaling 19,463 square feet, is ideally situated in the bustling Kahului, HI, at 395 Dairy Road (APN: (2) 3-8-065-004-0000). The property boasts excellent visibility and convenient access for customers, with entrances from both Dairy Road and Alamaha Street. This retail and office space is available for multiple tenants and offers a variety of configurations suitable for traditional, executive, or creative office uses. The lot size is substantial at 150,703 square feet. The property benefits from its location within the Dairy Center, a thriving commercial hub that includes established businesses such as FedEx, Tin Roof, Las Piñatas, Maui Coffee Roasters, BedMart, and Marco's Grill & Deli. This ensures high foot traffic and a strong sense of community. The space will be available for occupancy starting January 1, 2025. This presents a unique opportunity to establish a presence in a prime Kahului location with high visibility and convenient access. The property's size and versatile layout cater to a wide range of business needs.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
STEEL FRAME
Total area
24,200 SF
Lot
3.46 ac (150,703 SF)
Zoning code
M-2
APN
3-8-065-004
UPID
US24-0120436
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
-
BackLit Buddha Studios Recording Studio
-
Maui's Quality Dry Cleaning & Laundry (Bike/Boat/Book/etc) Store
-
Las Pinatas of Maui Restaurant
-
Evolution Salon Hair Salon Nail Salon
-
Breen Builders LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.82M
Owner & transaction history
Hawaii Community Foundation · 1 yrs held
Hawaii Community Foundation
since 2024
6 recorded transactions
Zoning & alternative use
M-2 · 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
$158 / 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
$64,873
Tax year 2023
Assessed value
$9,201,900
Assessed 2023
Previous assessed
$3,964,810
+132.1% YoY
Effective rate
0.70%
On assessed value
Assessed land
$4,114,200
Assessed improvement
$5,087,700
Land market value
$4,114,200
Improvement market value
$5,087,700
Total market value
$9,201,900
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
1971
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Bathrooms
12
Total area
24,200 SF
Lot
3.46 ac (150,703 SF)
Zoning code
M-2
APN
3-8-065-004
UPID
US24-0120436
Jurisdiction
MAUI
Zoning & alternative use
M-2 · Kahului, HI
Zoning M-2 · permitted uses
M-2 · Kahului, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kahului. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
12
Lot
3.46 ac
Current owner
From public records · entity-resolved
Hawaii Community Foundation
Individual
Free & Clear · 1 yrs held
Mailing address
125 MERCHANT ST STE #200, HONOLULU, HI 96813-4401
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
—
Hawaii Community Foundation
Fergus & Co A LLC
Lease
—
May 21, 2021
—
Fergus & Co
—
Deed
related
$26,000,000 · Bank Of Hawaii
Oct 21, 2016
—
Bank Of Hi
Fergus & Co
Grant Deed
—
Oct 6, 2009
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Oct 29, 2002
$10,000,000
Fergus & Co
Kurisu & Fergus
Grant Deed
related
$10,000,000 · American Savings Bank
Oct 26, 1998
—
Kurisu
—
Deed Of Trust
related
$10,000,000 · Ge Capital Of Hawaii
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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