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    109 Waiko Rd Wailuku, HI 96793

    Sponsored
    For Sale
    $2,355,000

    1.2-acre M-1 Light Industrial lot, 7 buildable lots.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1.2-acre property in Wailuku, Hawaii, presents a remarkable investment opportunity. Previously zoned Agricultural, it has undergone a successful conversion to M-1 Light Industrial zoning, offering significant flexibility for development. The property boasts seven individual lots, each with water, electrical, and telephone service already installed, simplifying the construction process. The expansive 2.8 acres fronting East Waiko Road provide excellent visibility and accessibility. Development possibilities are extensive, encompassing most uses permitted within the M-1 Light Industrial District. While apartment houses are excluded, a wide range of industrial and commercial ventures are permissible. For the remaining portion of the land, uses permitted in the M-1 Light Industrial District are allowed, excluding those permitted in B-1, B-2, and B-3 zoning districts, and excluding apartment houses. Importantly, dwelling units are permitted above or below the first floor of any approved use. All necessary documentation is complete, including the Condominium Declaration, Condo Map, Bylaws, and Archeological Preservation plan, ensuring a streamlined and transparent transaction. This property is priced at $2,355,000 and represents a rare chance to acquire a well-prepared industrial site in a desirable location.

    Property Features for 109 Waiko Rd

    General Information

    Property type
    Industrial properties
    Lot Size
    52,272 SF

    Building Details

    Year Built
    2015
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.4962
    Latitude
    20.85191

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    FAQs

    What type of property is this?
    Industrial property - 1.2-acre M-1 Light Industrial lot, 7 buildable lots.
    Where is this industrial property located?
    The property is located at 109 Waiko Rd Wailuku, HI.
    What is the asking price?
    The asking price for this property is $2,355,000.
    (808) 591-6277
    Request Owner's contact information
    109 Waiko Rd Wailuku, HI 96793
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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
    109 Waiko Rd Wailuku, HI 96793
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