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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Turn key restaurants
Bay Dr Lahaina, HI 96761
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0494224
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Total area
8,104 SF
Lot
2 ac (87,120 SF)
Zoning code
PD
APN
4-2-004-024
UPID
US24-0494224
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
-
Kapalua Cliff House Wedding Service
-
The Hideaway Bar & Pub
-
Pacific Dream Photography Photography Service (Bike/Boat/Book/etc) Store
-
Cane & Canoe Restaurant
-
Spa Montage Kapalua Bay Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Ty Management Corp · 15 yrs held
Ty Management Corp
since 2010
7 recorded transactions
Zoning & alternative use
PD · Lahaina, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+57.2%
Commercial (general)
$1.7M
+51.0%
Retail stores
$1.6M
+45.8%
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 Lahaina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lahaina 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
RESTAURANT
$1,095,000
Current use
OFFICE BUILDING
$1,720,000
Change: +57% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,650,000
Change: +51% · Conversion: Easy
RETAIL STORES
$1,595,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,535,000
Change: +40% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,355,000
Change: +24% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$990,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$134 / 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
$69,566
Tax year 2023
Assessed value
$10,922,000
Assessed 2023
Previous assessed
$6,528,160
+67.3% YoY
Effective rate
0.64%
On assessed value
Assessed land
$6,415,500
Assessed improvement
$4,506,500
Land market value
$6,415,500
Improvement market value
$4,506,500
Total market value
$10,922,000
Applied tax rate
3.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
8,104 SF
Lot
2 ac (87,120 SF)
Zoning code
PD
APN
4-2-004-024
UPID
US24-0494224
Jurisdiction
MAUI
Zoning & alternative use
PD · Lahaina, HI
Zoning PD · permitted uses
PD · Lahaina, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lahaina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$990,000
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1978
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
2 ac
Current owner
From public records · entity-resolved
Ty Management Corp
Entity
Mailing address
2000 VLG RD, LAHAINA, HI 96761-8727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
29 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2016
—
Rc Kapalua Owner LLC
—
Deed
related
$172,500,000 · Starwood Prop Mtg
Sep 30, 2010
$16,346,926
Ty Management Corp
Maui Land & Pineapple Co INC
Warranty Deed
—
Oct 14, 2009
—
Maui Land & Pineapple Co INC
—
Loan Modification
related
$50,000,000 · Wells Fargo Bk
Oct 16, 2008
—
Maui Land & Pineapple Co INC
—
Deed Of Trust
related
$40,000,000 · Private Individual
Sep 6, 2005
—
Coon Family Trust
Coon,lawrence W & Pamela A
Quit Claim Deed
related
—
May 26, 2004
—
Phe Lot 23 LLC
Pineapple Hill Estates LLC
Grant Deed
related
—
Dec 31, 2003
$109,600
Rodney Neys
Maui Land & Pineapple Co INC
Grant Deed
—
Dec 31, 2003
$315,400
Rodney Neys
Maui Land & Pineapple Co INC
Grant Deed
—
Dec 20, 2002
$615,000
Philip Pangilinan
Schaefer,dennis J & Eileen A
Grant Deed
$430,500 · Indymac Bank Fsb
Oct 3, 2002
$575,000
Palmer Way LLC
Pineapple Hill Estates LLC
Grant Deed
—
Sep 6, 2002
$610,000
Kanko K K Hirata
Levelis,joseph J & Yukimi
Grant Deed
—
Jul 30, 2002
$1,000
Allen Trust
Allen,fred R
Grant Deed
related
—
Jul 26, 2002
$612,500
Gateway Co Lc
Pineapple Hill Estates LLC
Grant Deed
—
May 14, 2002
$710,000
International Land Group
International Land Group
Grant Deed
related
—
Jan 31, 2002
$735,000
David Lede
Torre,joseph P & Alice W
Grant Deed
—
Aug 20, 2001
$655,000
James B Bemowski
Cotton,john C & Janet H
Grant Deed
—
Jan 5, 2001
$710,000
International Land Group
Pineapple Hill Estates LLC
Grant Deed
—
Aug 10, 2000
$5,490,000
Pineapple Hill Estates LLC
Maui Land & Pineapple Co INC
Grant Deed
related
—
—
—
David W Lede
—
Deed Of Trust
related
$10,000,000 · Rcj Trust
—
—
Maui Land & Pineapple Co INC
—
Loan Modification
related
—
—
—
Dean M Rottermond
—
Deed Of Trust
related
$380,000 · Indymac Bank Fsb
—
—
Darrel Haring
—
Deed Of Trust
related
$335,000 · Homecomings Financial Network
—
—
David J Ohanian
—
Deed Of Trust
related
$1,000,000 · Bank Of America California NA
—
—
David Ohanian
—
Deed Of Trust
related
$994,500 · Countrywide Hm Lns
—
—
Anthony Ruggeri
—
Deed Of Trust
related
$417,884 · Wells Fargo Fin'l Hawaii INC
—
—
Joseph P Brown
—
Deed Of Trust
related
$556,500 · Countrywide Hm Lns
—
—
Lewis Trust
—
Deed Of Trust
related
$225,000 · Wells Fargo Bk
—
—
Rc Kapalua Owner LLC
—
Deed Of Trust
related
$172,500,000 · Starwood Prop Mtg
—
—
West,tr
—
Deed Of Trust
related
$900,000 · Huntington 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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