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Property profile & analytics
OFF-MARKET
Estimated value
$4,035,000
Warehouses
94-406 Maikoiko St, Waipahu, HI 96797-2741
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0154184
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
STEEL FRAME
Total area
15,300 SF
Lot
0.85 ac (36,978 SF)
Zoning code
I-1 INDUSTRIAL-LIMITED
APN
1-9-4-166-009
UPID
US24-0154184
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
-
Pacific Gloves and Supply Medical Supply Store Dental Supply Store
-
MBSE Hawaii Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.75M
Comparable Approach
Comparable
$4.38M
Blend (final)
Blend
$4.04M
Owner & transaction history
Maikoiko Mill Town LLC · 1 yrs held
Maikoiko Mill Town LLC
since 2025
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)
$6.6M
+72.2%
Apartment house (5+ units)
$6.3M
+63.1%
Industrial (general)
$6.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,065,000
6.5%
$3,750,000
7%
$3,485,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,840,000
Current use
COMMERCIAL (GENERAL)
$6,610,000
Change: +72% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,260,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,220,000
Change: +62% · Conversion: Easy
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±10% · vs last sale $4.00M (Oct 9 2024)
Last sale anchor
$4.00M
Oct 9 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
$264 / 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
$66,313
Tax year 2023
Assessed value
$5,424,900
Assessed 2024
Previous assessed
$5,424,900
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$3,704,400
Assessed improvement
$1,720,500
Land market value
$3,704,400
Improvement market value
$1,720,500
Total market value
$5,424,900
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
Total area
15,300 SF
Lot
0.85 ac (36,978 SF)
Zoning code
I-1 INDUSTRIAL-LIMITED
APN
1-9-4-166-009
UPID
US24-0154184
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
$3.8M
COMMERCIAL (GENERAL)
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$6.2M
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
Lot
0.85 ac
Current owner
From public records · entity-resolved
Maikoiko Mill Town LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1451 S KING ST STE #504, HONOLULU, HI 96814-2509
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
$4,000,000
Maikoiko Mill Town LLC
Savio Mill Town LLC
Warranty Deed
—
Aug 26, 2022
—
Savio Mill Town LLC
—
Deed
related
$2,500,000 · Bank Of Hawaii
Aug 8, 2022
—
Savio Mill Town LLC
—
Deed
related
$600,000 · Bank Of Hawaii
Feb 9, 2017
$3,800,000
Savio Mill Town LLC
Atkinson Ents LP
Trustees Deed
$17,621,990 · Other Institutional Lenders
Apr 23, 2015
$3,200,000
Atkinson Ents LP
Biven,rodney JR & Stephanie
Grant Deed
$1,150,000 · Bank Of Hi
Mar 3, 2010
—
Rodney Biven JR.
—
Deed Of Trust
related
$1,250,000 · First Hawaiian Bank
Sep 3, 2009
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Dec 15, 2005
$1,090,733
Biven,rodney JR & Stephanie
A & B Properties INC
Grant Deed
$620,000 · First Hawaiian Bk
—
—
Rodney Biven JR.
—
Deed Of Trust
related
$1,950,000 · First Hawaiian 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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