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Property profile & analytics
OFF-MARKET
Estimated value
$5,715,000
Medical Office Space
55 Maui Lani Pkwy, Wailuku, HI 96793-2416
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0208675
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
42,672 SF
Lot
4.5 ac (196,020 SF)
Zoning code
3
APN
3-8-007-142
UPID
US24-0208675
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
-
Laura Putts, PT Physician
-
Guy M. Sugino, MD Physician
-
Dr. Gerard F. Livaudais, MD Physician
-
Kaiser Refill Pharmacy Pharmacy
-
Dr. George L. Talbot Jr, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.72M
Owner & transaction history
Kaiser Foundation Health Plan INC · 1 yrs held
Kaiser Foundation Health Plan INC
since 2024
Last sale
$5.7M
5 recorded transactions
Zoning & alternative use
3 · Wailuku, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.5M
+93.8%
Restaurant
$8.3M
+69.5%
Auto repair, garage
$8.1M
+64.9%
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 Wailuku submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wailuku 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
$5,715,000
ML approach
$5,715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,895,000
Current use
COMMERCIAL (GENERAL)
$9,485,000
Change: +94% · Conversion: Easy
RESTAURANT
$8,295,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,070,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$6,340,000
Change: +30% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,985,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$5.72M
Range $5.14M – $6.29M · ±10% · vs last sale $5.71M (Dec 24 2024)
Last sale anchor
$5.71M
Dec 24 2024
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
$134 / 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
$300
Tax year 2023
Assessed value
$18,643,600
Assessed 2023
Previous assessed
$15,901,000
+17.2% YoY
Effective rate
0.00%
On assessed value
Assessed land
$5,047,500
Assessed improvement
$13,596,100
Land market value
$5,047,500
Improvement market value
$13,596,100
Total market value
$18,643,600
Applied tax rate
3.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
YES
Total area
42,672 SF
Lot
4.5 ac (196,020 SF)
Zoning code
3
APN
3-8-007-142
UPID
US24-0208675
Jurisdiction
MAUI
Zoning & alternative use
3 · Wailuku, HI
Zoning 3 · permitted uses
3 · Wailuku, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wailuku. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$9.5M
RESTAURANT
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$8.1M
RETAIL STORES
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2003
Heating
NONE
Cooling
Yes
Lot
4.5 ac
Current owner
From public records · entity-resolved
Kaiser Foundation Health Plan INC
Entity
Free & Clear · 1 yrs held
Mailing address
3660 WAIALAE AVE STE #400, HONOLULU, HI 96816-3260
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2024
$5,714,565
Kaiser Foundation Health Plan INC
Hrt Realty LLC
Deed
—
May 26, 2023
$1,361,133
Kaiser Foundation INC
Hrt Realty LLC
Deed
—
Dec 5, 2022
$553,602
Kaiser Foundation Health Plan INC
Hrt Realty LLC
Deed
related
—
Jul 24, 2017
—
Maui Health System A Kaiser Fo
Hrt Realty LLC
Grant Deed
related
—
Nov 30, 2010
$100
Hrt Maui Lani Parkway LLC
Hrt Realty LLC
Quit Claim Deed
related
—
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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