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Property profile & analytics
OFF-MARKET
Estimated value
$7,000,000
Outlet malls
540 Haleakala Hwy Kahului, HI 96732-2302
Entity Owned
14-yr Hold
Free & Clear
Property ID
US24-0209722
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,304 SF
Lot
12.84 ac (559,484 SF)
Zoning code
M-2
APN
3-8-079-022
UPID
US24-0209722
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
-
Costco Food Court Restaurant
-
Costco Vision Center Ophthalmologist (Bike/Boat/Book/etc) Store
-
Randie Ann Nagao, PharmD Pharmacy
-
Michael R. Gallap, OD Physician
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.73M
Comparable Approach
Comparable
$4.61M
Blend (final)
Blend
$7.00M
Owner & transaction history
Costco Wholesale Corp · 14 yrs held
Costco Wholesale Corp
since 2012
2 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,290,000
6.5%
$6,725,000
7%
$6,245,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,815,000
Current use
COMMERCIAL (GENERAL)
$8,700,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$7,995,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±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
$382 / 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
$357,218
Tax year 2023
Assessed value
$50,669,200
Assessed 2023
Previous assessed
$45,370,700
+11.7% YoY
Effective rate
0.71%
On assessed value
Assessed land
$28,127,800
Assessed improvement
$22,541,400
Land market value
$28,127,800
Improvement market value
$22,541,400
Total market value
$50,669,200
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
13
Total area
18,304 SF
Lot
12.84 ac (559,484 SF)
Zoning code
M-2
APN
3-8-079-022
UPID
US24-0209722
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.0M
RETAIL STORES Current
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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
13
Lot
12.84 ac
Current owner
From public records · entity-resolved
Costco Wholesale Corp
Entity
Free & Clear · 14 yrs held
Mailing address
999 LK DR, ISSAQUAH, WA 98027-8990
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2012
$23,000,000
Costco Wholesale Corp
Hawaii Electricians Pension Fu
Warranty Deed
—
Jun 22, 2000
$18,194,000
Shigeo Wasa Trustee
Alexander & Baldwin INC
Grant Deed
—
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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