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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Warehouses
48 Ulupono St Lahaina, HI 96761-2785
Entity Owned
14-yr Hold
Free & Clear
Property ID
US24-0356933
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
TYPE NOT SPECIFIED
Total area
8,036 SF
Lot
0.46 ac (19,882 SF)
Zoning code
4
APN
4-5-010-054
UPID
US24-0356933
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
-
Lahaina CrossFit Gym & Fitness Center
-
Mana Visual LLC (Bike/Boat/Book/etc) Store Printing Service
-
SPIKELESS PALMS OF HAWAII: Eco-Friendly Palm + Tree Care Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.86M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$1.78M
Owner & transaction history
48 Ulupono LLC · 14 yrs held
48 Ulupono LLC
since 2011
6 recorded transactions
Zoning & alternative use
4 · Lahaina, 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 Lahaina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lahaina 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%
$2,015,000
6.5%
$1,860,000
7%
$1,730,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,175,000
Current use
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±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
$221 / 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
$14,301
Tax year 2023
Assessed value
$2,028,500
Assessed 2023
Previous assessed
$1,783,200
+13.8% YoY
Effective rate
0.71%
On assessed value
Assessed land
$894,700
Assessed improvement
$1,133,800
Land market value
$894,700
Improvement market value
$1,133,800
Total market value
$2,028,500
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
2018
Construction
TYPE NOT SPECIFIED
Heating
NONE
Total area
8,036 SF
Lot
0.46 ac (19,882 SF)
Zoning code
4
APN
4-5-010-054
UPID
US24-0356933
Jurisdiction
MAUI
Zoning & alternative use
4 · Lahaina, HIZoning 4 · permitted uses
4 · Lahaina, 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
$2.2M
WAREHOUSE, STORAGE Current
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
2018
Construction
TYPE NOT SPECIFIED
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
48 Ulupono LLC
Entity
Free & Clear · 14 yrs held
Mailing address
291 LOWR KULA RD, MAKAWAO, HI 96768-8249
Ownership since
2011
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
Mar 22, 2018
—
48 Ulupono LLC
—
Deed
related
$1,500,000 · Central Pacific Bank
Dec 28, 2011
$376,000
48 Ulupono LLC
Bank Of Hi
Grant Deed
—
Sep 1, 2011
$400,000
Bank Of Hi
Commissioner Of Hawaii County
Trustees Deed
related
—
May 29, 2008
$100,000
James K Boonstra
Orland Financial INC
Warranty Deed
—
May 29, 2008
—
Orland Financial INC
West Maui Venture Group
Correction Deed
related
$320,000 · Bank Of Hawaii
Sep 19, 2005
$636,000
Orland Financial LLC
West Maui Venture Group
Warranty Deed
related
$320,000 · Bank 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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