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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Office buildings
89 Hookele St Kahului, HI 96732-3532
Entity Owned
Absentee Owner
Free & Clear
Property ID
US24-0176182
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
5,301 SF
Lot
0.43 ac (18,731 SF)
Zoning code
3
APN
3-8-084-007
UPID
US24-0176182
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Otum LLC
Otum LLC
since 2025
7 recorded transactions
Zoning & alternative use
3 · Kahului, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.6M
+10.3%
Commercial (general)
$2.5M
+8.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,315,000
Current use
RETAIL STORES
$2,555,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,520,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±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
$296 / 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 2024Property tax & assessments
Tax year 2024
Assessed value
$4,781,500
Assessed 2024
Previous assessed
$4,781,500
+0.0% YoY
Assessed land
$969,300
Assessed improvement
$3,812,200
Land market value
$969,300
Improvement market value
$3,812,200
Total market value
$4,781,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
YES
Total area
5,301 SF
Lot
0.43 ac (18,731 SF)
Zoning code
3
APN
3-8-084-007
UPID
US24-0176182
Jurisdiction
MAUI
Zoning & alternative use
3 · Kahului, HIZoning 3 · permitted uses
3 · 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
OFFICE BUILDING Current
Est. value
$2.3M
RETAIL STORES
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
2005
Heating
NONE
Cooling
Yes
Lot
0.43 ac
Current owner
From public records · entity-resolved
Otum LLC
Entity
Free & Clear · 0 yrs held
Mailing address
77 HOOKELE ST STE #302, KAHULUI, HI 96732-3516
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
—
Otum LLC
Maui Cardiology Ltd
Deed
—
Dec 5, 2025
$579,000
Otum LLC
Maui Cardiology Ltd
Deed
—
Dec 5, 2025
$500,000
Otum LLC
Maui Cardiology Ltd
Deed
—
Sep 21, 2023
—
Otum LLC
American Savings Bank Fsb
Deed
related
—
Jun 2, 2023
—
Shinnyo En Hawaii
Mattstin Enterprises LLC
Deed
—
Jun 17, 2021
—
Premier Trust INC
Micki N Ly
Deed
—
Apr 16, 2018
—
Melanie Vallejos Dds INC
—
Deed
related
$420,000 · Bank Of Hi
Sep 12, 2017
—
Direnfeld,lorne K Trust
Direnfeld,lorne K
Quitclaim Deed
related
—
Aug 31, 2017
$568,750
Lorne K Direnfeld
Adc Office Building LLC
Warranty Deed
$455,000 · First Hawaiian Bk
Jul 26, 2017
—
Mattstin Ents LLC
—
Deed
related
$414,900 · Bank Of Hi
May 24, 2017
—
Otum LLC
—
Deed
related
$205,000 · American Svgs Bk
Apr 7, 2017
—
Maui Cardiology Ltd
Otum LLC
Grant Deed
$342,000 · Hedco Local Dev
Oct 20, 2016
—
Maui Cardiology Ltd
—
Deed
related
$424,386 · American Savings Bank Fsb
Sep 20, 2016
—
Otum LLC
—
Deed
related
$369,000 · American Savings Bank Fsb
Jun 3, 2016
$410,000
Otum LLC
Kryeziu LLC
Warranty Deed
—
May 31, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jan 9, 2004
$487,000
555 LLC
A & B Properties INC
Grant Deed
—
—
—
Melanie Vallejos Dds INC
—
Deed Of Trust
related
$420,000 · Bank Of Hi
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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