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Property profile & analytics
FOR SALE
Office buildings
535 Lipoa Pkwy Kihei, HI 96753
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0190966
For Sale
1 / 9
$4,020,000
535 Lipoa Pkwy, Kihei, HI 96753
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
WOOD
Total area
24,480 SF
Lot
2.81 ac (122,621 SF)
Zoning code
PD
APN
2-2-024-007
UPID
US24-0190966
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.02M
Owner & transaction history
American Savings Bank Fsb · 3 yrs held
American Savings Bank Fsb
since 2023
6 recorded transactions
Zoning & alternative use
PD · Kihei, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$164 / 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
$50,293
Tax year 2023
Assessed value
$9,578,000
Assessed 2023
Previous assessed
$8,459,600
+13.2% YoY
Effective rate
0.53%
On assessed value
Assessed land
$2,452,400
Assessed improvement
$7,125,600
Land market value
$2,452,400
Improvement market value
$7,125,600
Total market value
$9,578,000
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
1991
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
1
Bathrooms
13
Total area
24,480 SF
Lot
2.81 ac (122,621 SF)
Zoning code
PD
APN
2-2-024-007
UPID
US24-0190966
Jurisdiction
MAUI
Zoning & alternative use
PD · Kihei, HI
Zoning PD · permitted uses
PD · 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.
Building & site characteristics
From public records
Year built
1991
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Bathrooms
13
Lot
2.81 ac
Current owner
From public records · entity-resolved
American Savings Bank Fsb
Entity
Mailing address
2270 PO BOX 2300TH AVE STE #1788, HONOLULU, HI 96804-2300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jul 19, 2023
—
American Savings Bank Fsb
Bsc Pp LLC
Assignment Of Lease (leasehold Sale)
$7,290,000 · American Savings Bank Fsb
Dec 23, 2022
$1,258,772
Hawaii Technology Academy
Bsc Pp LLC
Lease
—
May 28, 2021
$9,000,000
Bsc Pp LLC
Double P Partners
Warranty Deed
—
—
—
Double P Partners
—
Deed Of Trust
related
$8,430,000 · First Hawaiian Bank
—
—
Double P Partners
—
Deed Of Trust
related
$2,585,500 · American Savings Bank
—
—
Double P Partners
—
Deed Of Trust
related
$9,000,000 · American Savings Bank
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?”
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