Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    265 Kenolio Rd Kihei, HI 96753

    Sponsored
    For Sale
    $3,730,000

    Multi-Dwelling - Kihei, HI

    Property size:
    4,384 SF
    Lot size:
    0.75 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 26 at 11:06 am

    Property Features for 265 Kenolio Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    3
    Size
    4,384 SF
    Lot size
    0.75 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Monica Berney

    The Agency Maui (808) 280-7904

    Listing agent Monica Berney (808) 344-2900 License #RS-84784

    Listing date Jan 17, 2026

    MLS# 408411 Listing URL

    Copyright © 2026 Realtors ® Association of Maui, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Kihei Multi-Dwelling Estate Near Ocean

    This multi-dwelling estate, also listed as Residential MLS #407117, is located one block from the ocean in Kihei. The property spans 0.75 acres of grounds and includes three separate dwellings with a total of 10 bedrooms, 11 sleeping areas, and 9.5 baths, offering 4,384 sq ft of living space. Zoned for up to six dwellings, it is suited for multi-generational living, shared ownership, or rental use. The two-story rear residence features five bedrooms and five bathrooms, including a penthouse suite with a spa-style shower, rooftop deck, and jacuzzi showcasing ocean and mountain views. The front house offers five bedrooms and three bathrooms, including a remodeled upstairs 1-bedroom, 1-bath suite with a private entrance. A detached cottage includes a full kitchen, Murphy bed, built-in office, full bath, outdoor shower, and half bath. All residences are in excellent condition, requiring no significant updates unless future owners choose to expand. The property has air conditioning throughout, owned PV systems, two water meters, and a purchased transformer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    Kihei
    County
    Maui
    State
    Hawaii
    Longitude
    -156.4583876
    Latitude
    20.7770437

    Nearby Similar for Sale

    • $665,000
      1.49 Acres

      Kihei Commercial Condominium with Warehouse

      Commercial condominium with storefront and functional roll-up warehouse space.
      300 Ohukai Rd Rd, Kihei, HI 96753
      View Details
    • New
      $3,295,000
      4,740 SF

      Prime Kihei Commercial Property For Sale

      Established commercial property on South Kihei Road, excellent business location.
      1746-a S Kihei Rd, Kihei, HI 96753
      View Details
    • $248,000

      Established Restaurant/Bar in Kihei

      Long-established Kihei restaurant/bar, a local and tourist favorite.
      145 N Kihei Rd, Kihei, HI 96753
      View Details
    • $2,395,000
      2,039 SF

      Renovated Beach-Style Home with Ohana

      Kihei home with permitted ohana, studio, and ocean views.
      151 Walua Pl, Kihei, HI 96753
      View Details
    • $499,000
      0.78 Acres

      Kihei Commercial Condo For Sale

      Upgraded commercial condo in Kihei Commercial Plaza with ample storage.
      340 Ohukai Rd, Kihei, HI 96753
      View Details
    • $489,000
      0.87 Acres

      Kihei Retail/Office Space For Sale

      Ground-floor retail or office space in Kihei, across from the ocean.
      1847 S Kihei Rd, Kihei, HI 96753
      View Details
    • $1,625,000

      Kihei Mixed-Use Retail/Warehouse Condominium

      Turnkey 4,081 SF commercial condominium in north Kihei for sale.
      300 Ohukai Rd, Kihei, HI 96753
      View Details
    • $22,500,000
      25,300 SF

      Maui Healthcare Facility with 40 Rooms

      Healthcare facility in Kihei, Hawaii, with significant investment potential.
      1347 Ninau St, Kihei, HI 96753
      View Details
    • $495,000

      Kihei Retail or Office Space

      Retail or office space near Kalama Park with reserved parking.
      1847 S Kihei Rd, Kihei, HI 96753
      View Details
    • $699,000
      5.74 Acres

      Kihei Commercial Condo - Great Location

      Versatile Space, Showroom & Warehouse
      300 Ohukai Rd, Kihei, HI 96753
      View Details
    • $248,000

      Kihei Restaurant/Bar for Sale

      Established Maui eatery, great location.
      145 Kihei Rd, Kihei, HI 96753
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Kihei multi-dwelling estate near the ocean with strong rental appeal.
    Where is this multifamily property located?
    The property is located at 265 Kenolio Rd Kihei, HI.
    What is the asking price?
    The asking price for this property is $3,730,000.
    What are key features of this property?
    This property features: - Income-generating multi-dwelling estate with a solid income history and strong tenant appeal, located just one block from the ocean.; - Large ¾ acre property zoned for up to six dwellings, suitable for multi-generational living, shared ownership, or high-performing rental use.; - Features three separate dwellings with a total of 10 bedrooms and 9.5 baths, offering significant living space (4,384 sq ft).
    (808) 281-6339
    Request Owner's contact information
    265 Kenolio Rd Kihei, HI 96753
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    265 Kenolio Rd
    Kihei, HI 96753
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    265 Kenolio Rd Kihei, HI 96753
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Monica Berney
    Real Estate License ID: RS-84784
    (808) 281-6339
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.