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Property profile & analytics
OFF-MARKET
Estimated value
$10,210,000
Retail space
70 Kaahumanu Ave Kahului, HI 96732-2176
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0597818
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,925 SF
Lot
25.37 ac (1,105,260 SF)
Zoning code
M-2
APN
3-7-009-004
UPID
US24-0597818
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
-
Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
-
IHOP Restaurant
-
Thailand Cuisine 2 Restaurant
-
Tasaka Guri Guri Shop Grocery & Convenience Store Specialty Food Shop
-
Longs Drugs Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.90M
Comparable Approach
Comparable
$6.77M
Blend (final)
Blend
$10.21M
Owner & transaction history
Lipt East Kaahumanu Avenue LLC · 10 yrs held
Lipt East Kaahumanu Avenue LLC
since 2016
7 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%
$10,720,000
6.5%
$9,895,000
7%
$9,190,000
Alternative Use
Use
Estimation
RETAIL STORES
$12,970,000
Current use
COMMERCIAL (GENERAL)
$12,795,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$11,760,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$10.21M
Range $9.19M – $11.23M · ±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
$379 / 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
$445,219
Tax year 2023
Assessed value
$63,151,700
Assessed 2023
Previous assessed
$35,508,310
+77.9% YoY
Effective rate
0.70%
On assessed value
Assessed land
$35,368,300
Assessed improvement
$27,783,400
Land market value
$35,368,300
Improvement market value
$27,783,400
Total market value
$63,151,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
12
Stories
1
Units
1
Bathrooms
12
Total area
26,925 SF
Lot
25.37 ac (1,105,260 SF)
Zoning code
M-2
APN
3-7-009-004
UPID
US24-0597818
Jurisdiction
MAUI
Zoning & alternative use
M-2 · Kahului, HIZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$13.0M
COMMERCIAL (GENERAL)
Est. value
$12.8M
OFFICE BUILDING
Est. value
$11.8M
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
12
Units
1
Bathrooms
12
Lot
25.37 ac
Current owner
From public records · entity-resolved
Lipt East Kaahumanu Avenue LLC
Entity
Mailing address
919 CONGRESS AVE STE #1450, AUSTIN, TX 78701-2481
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2016
—
Lipt East Kaahumanu Avenue LLC
—
Deed
related
$39,000,000 · Miscellaneous Ins Co
Jan 4, 2016
$86,409,904
Lipt East Kaahumanu Avenue LLC
W-adp Maui Vii LLC
Grant Deed
—
Jul 9, 2014
$11,727,142
Tjx Companies INC
W-adp Maui Vii LLC
Grant Deed
—
Jan 7, 2014
$53,255,610
W-adp Maui Vii LLC
A & B Properties INC
Grant Deed
—
Jun 16, 2008
$764,400
Hop One Ents INC
A & B Properties INC
Grant Deed
$1,342,500 · General Elec Cap
Jan 23, 2007
$600,000
Wendys International INC
Wendys Of Hawaii INC
Grant Deed
—
—
—
W-adp Maui Vii LLC
—
Loan Modification
related
$53,000,000 · Bank Of America
—
—
Lipt East Kaahumanu Avenue LLC
—
Deed Of Trust
related
$39,000,000 · Miscellaneous Ins Co
—
—
Paradise Dollar & INC
—
Deed Of Trust
related
$45,000 · Lokahi Pacific
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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