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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Warehouses
5415 Makena Alanui Kihei, HI 96753-8442
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0055917
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
STEEL FRAME
Total area
7,875 SF
Lot
133.15 ac (5,800,058 SF)
Zoning code
A-2
APN
2-1-005-108
UPID
US24-0055917
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
$1.83M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.84M
Owner & transaction history
Atc Makena Services LLC · 15 yrs held
Atc Makena Services LLC
since 2010
4 recorded transactions
Zoning & alternative use
A-2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,975,000
6.5%
$1,825,000
7%
$1,695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,135,000
Current use
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±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
$234 / 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
$400,411
Tax year 2023
Assessed value
$41,274,740
Assessed 2023
Previous assessed
$42,933,600
-3.9% YoY
Effective rate
0.97%
On assessed value
Assessed land
$41,219,900
Assessed improvement
$54,840
Land market value
$41,219,900
Improvement market value
$54,840
Total market value
$41,274,740
Applied tax rate
2.0000
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
1981
Construction
STEEL FRAME
Heating
NONE
Buildings
7
Stories
1
Rooms
3
Bathrooms
1
Total area
7,875 SF
Lot
133.15 ac (5,800,058 SF)
Zoning code
A-2
APN
2-1-005-108
UPID
US24-0055917
Jurisdiction
MAUI
Zoning & alternative use
A-2 · Kihei, HIZoning A-2 · permitted uses
A-2 · Kihei, 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
$2.1M
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
1981
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
7
Rooms
3
Bathrooms
1
Lot
133.15 ac
Current owner
From public records · entity-resolved
Atc Makena Services LLC
Entity
Mailing address
245 PARK AVE FL #42, NEW YORK, NY 10167-4202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2010
—
Atc Makena Services LLC
Atc Makena Hotel LLC
Quit Claim Deed
related
$162,500,000 · Ubs Com'l Mtg Tr 2007-fl1 (ct)
Aug 27, 2010
$20,900,000
Atc Makena N Golf LLC
Commissioner Of Hawaii County
Trustees Deed
related
—
Jun 26, 2007
$124,697,333
Makena Golf LLC
Lokelani Resort Corp
Grant Deed
—
Apr 27, 2005
$35,001,000
Keaka LLC
Makenaaina Corp
Grant Deed
$30,000,000 · Central Pacific 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.
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