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Property profile & analytics
OFF-MARKET
Estimated value
$3,070,000
Warehouses
94-405 Maikoiko St, Waipahu, HI 96797-2701
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0052760
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
STEEL FRAME
Total area
8,280 SF
Lot
0.58 ac (25,467 SF)
Zoning code
I-1 INDUSTRIAL-LIMITED
APN
1-9-4-166-010
UPID
US24-0052760
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
-
Service Rentals and Supplies Inc. (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.44M
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$3.07M
Owner & transaction history
94405 Maikoiko LLC · 5 yrs held
94405 Maikoiko LLC
since 2021
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
I-1 INDUSTRIAL-LIMITED · Waipahu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+72.2%
Apartment house (5+ units)
$3.4M
+63.1%
Industrial (general)
$3.4M
+62.1%
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 Waipahu submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waipahu 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
$2,650,000
ML approach
$2,435,000
CAP Approach
CAP Return
Estimation
6%
$2,200,000
6.5%
$2,030,000
7%
$1,885,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,075,000
Current use
COMMERCIAL (GENERAL)
$3,575,000
Change: +72% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,385,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,365,000
Change: +62% · Conversion: Easy
Blend value · Realmo final
$3.07M
Range $2.76M – $3.38M · ±10% · vs last sale $3.98M (Mar 25 2021)
Last sale anchor
$3.98M
Mar 25 2021
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
$371 / 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
$49,988
Tax year 2023
Assessed value
$4,129,000
Assessed 2024
Previous assessed
$4,129,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,616,600
Assessed improvement
$1,512,400
Land market value
$2,616,600
Improvement market value
$1,512,400
Total market value
$4,129,000
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
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
8,280 SF
Lot
0.58 ac (25,467 SF)
Zoning code
I-1 INDUSTRIAL-LIMITED
APN
1-9-4-166-010
UPID
US24-0052760
Jurisdiction
HONOLULU
Zoning & alternative use
I-1 INDUSTRIAL-LIMITED · Waipahu, HI
Zoning I-1 INDUSTRIAL-LIMITED · permitted uses
I-1 INDUSTRIAL-LIMITED · Waipahu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waipahu. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
2009
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
94405 Maikoiko LLC
Entity
Mailing address
1045 MAPUNAPUNA ST, HONOLULU, HI 96819-4423
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Mar 25, 2021
$3,983,751
94405 Maikoiko LLC
Atkinson Enterprises LP
Warranty Deed
$1,480,000 · Central Pacific Bank
Mar 8, 2017
$3,200,000
Atkinson Ents LP
Close,james N
Warranty Deed
$1,200,000 · Bank Of Hi
Feb 10, 2017
—
James N Close
—
Deed
related
$3,050,000 · First Hawaiian Bank
Jul 29, 2011
—
Close Construction INC
Close,james N
Quit Claim Deed
related
$615,000 · Hedco Local Development Corp
Dec 27, 2007
$1,200,000
James N Close
Amor Nino Foods INC
Warranty Deed
related
$750,000 · First Hawaiian Bank
Jul 26, 2007
—
First Hawaiian Bank
Amor Nino Foods INC
Grant Deed
related
—
Apr 19, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jan 3, 2006
$617,574
Amor Nino Foods INC
A & B Properties INC
Grant Deed
$463,181 · First Hawaiian Bk
—
—
Amor Nino Foods INC
—
Deed Of Trust
related
$121,930 · Hawaii National 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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