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    1005 Lower Main St Wailuku, HI 96793

    For Sale
    $3,750,000

    COMMERCIAL - Wailuku, HI

    Days on Market:
    25
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 1005 Lower Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    APN
    2-3-8-037-049-0000
    Parking
    15

    Utilities

    Utilities
    Natural Gas Available

    Building Details

    Year built
    1982
    Floors in Building
    2
    Flooring type
    Wood, Concrete
    Building materials
    Metal Frame

    Five Star Realty Inc (808) 382-6871 [email protected]

    Listing agent Shane H Fuke (808) 382-6871 License #RS-85663

    Listing date Nov 11, 2025

    Copyright © 2025 Honolulu Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wailuku Commercial Land and Building

    Located in Wailuku, Hawaii, this commercial property features a 10,564 sq ft metal frame building with 23-foot ceilings, situated on 0.721 acres (31,428 sq ft) of land, along with an adjacent 2.127-acre (61,242 sq ft) vacant land parcel. The property, zoned B-2 Business - Community & A-2 Apartment, has been home to Maui's Home Maid Bakery for over 35 years. The building includes approximately 1,200 sq ft of retail space on the ground floor with mezzanine office space above. Originally operated as a full-service bakery, it is equipped with industrial-sized walk-in freezers, refrigerators, mixers, ovens, and a commercial stainless-steel kitchen. The property benefits from 200 owned solar panels (345 W each) installed in 2017, producing 57.6 kw (AC) to reduce electric bills. It features approximately 625 linear feet of frontage on Lower Main Street and includes 15 paved parking stalls, with additional parking available on the adjacent vacant land.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.489102
    Latitude
    20.898741

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    FAQs

    What type of property is this?
    Storefront property - Metal frame building with vacant land in Wailuku, Hawaii.
    Where is this storefront property located?
    The property is located at 1005 Lower Main St Wailuku, HI.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: - High-value investment opportunity with a **4.8 CAP rate** and existing one-year lease (with renewal option).; - Large land area: Includes a **10,564 sq ft building** on 0.721 acres and an adjacent 2.127 acres of vacant land.; - Prime location with Lower Main Street frontage (approximately 625 linear ft).
    (808) 382-6871
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1005 Lower Main St Wailuku, HI 96793
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