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Property profile & analytics
OFF-MARKET
Estimated value
$1,780,000
Warehouses
605 Lipoa Pkwy, Kihei, HI 96753-6947
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US24-0088944
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
7,476 SF
Lot
5.18 ac (225,554 SF)
Zoning code
PD
APN
2-2-024-005
UPID
US24-0088944
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
$1.73M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.78M
Owner & transaction history
Bank Of Hawaii · 2 yrs held
Bank Of Hawaii
since 2023
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,875,000
6.5%
$1,730,000
7%
$1,610,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,025,000
Current use
Blend value · Realmo final
$1.78M
Range $1.60M – $1.96M · ±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
$238 / 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
$103,936
Tax year 2023
Assessed value
$14,742,700
Assessed 2023
Previous assessed
$14,742,700
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$4,105,100
Assessed improvement
$10,637,600
Land market value
$4,105,100
Improvement market value
$10,637,600
Total market value
$14,742,700
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
Heating
NONE
Cooling
YES
Total area
7,476 SF
Lot
5.18 ac (225,554 SF)
Zoning code
PD
APN
2-2-024-005
UPID
US24-0088944
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.0M
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
Heating
NONE
Cooling
Yes
Lot
5.18 ac
Current owner
From public records · entity-resolved
Bank Of Hawaii
Entity
Mailing address
11 E KAMEHAMEHA AVE, KAHULUI, HI 96732-2494
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2023
—
Bank Of Hawaii
Kahu Ohana INC
Assignment Of Lease (leasehold Sale)
$12,400,000 · Bank Of Hawaii
Nov 9, 2017
—
Kahu Ohana INC
—
Grant Deed
related
$23,000,000 · Bank Of Hi
May 27, 2015
—
Aumakua Holdings INC
Kahu Ohana INC
Grant Deed
$3,862,000 · Hedco Local Dev
May 27, 2015
$3,862,000
Hedco Local Dev Corp
Kahu Ohana INC
Grant Deed
—
Sep 5, 2013
—
Kahu Ohana INC
Kahu Ohana INC
Quit Claim Deed
related
—
Mar 9, 2011
$800,000
Bank Of Hi
Imlay,shannon S
Grant Deed
related
—
Jul 25, 2007
—
6n5 Partners LLC
—
Trustees Deed
related
$2,200,000 · Yen T & Hung Y Ko
Dec 22, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Nov 28, 2006
$1,000,000
6n5 Partners LLC
Five Six LLC
Quit Claim Deed
related
—
Jul 29, 2005
$1,591,028
Five Six LLC
Maui R & T Partners
Warranty Deed
—
—
—
Maui R Partners
—
Deed Of Trust
related
$600,000 · Maui Economic Development Boar
—
—
Kahuohana LLC
—
Deed Of Trust
related
$1,800,000 · First Hawaiian Bank
—
—
Kahu Ohana LLC
—
Deed Of Trust
related
—
—
—
Kahu Ohana INC
—
Deed Of Trust
related
$3,862,000 · Hedco Local Dev
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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