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    16 Maluhia Dr Wailuku, HI 96793

    For Sale
    $6,500,000

    Five-parcel Wailuku investment opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial investment opportunity in the heart of Wailuku, Hawaii, presents five separate tax map keys (TMKs) totaling approximately 58,706 square feet of land, offering significant redevelopment potential. The portfolio boasts substantial Main Street frontage (approximately 341 feet), placing it within walking distance of county and state buildings, and the central business district. The properties are zoned B-2 and situated within both the Wailuku Redevelopment Area and an Opportunity Zone, presenting a unique live/work development possibility. The existing buildings comprise a total of approximately 28,000 square feet of space, with building sizes ranging from 1,900 to 9,274 square feet. The property's strategic location offers convenient access to the hospital, police station, and UH Maui College. The current net operating income (NOI) is $393,779. This portfolio is ideally suited for an investor seeking a high-yield, mixed-use development project in a thriving Maui location. The property includes five parcels with addresses at 1942, 1960, 1980, and 1994 Main Street, and 16 Maluhia Drive. The sale includes MLS #s 401861, 401869, 401870, 401871, and 401872. This is a rare opportunity to acquire a significant commercial holding in a prime Wailuku location. The properties are conveniently located near a new municipal county parking structure with 393 parking stalls.

    Property Features for 16 Maluhia Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,356 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.5009
    Latitude
    20.88842

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    FAQs

    What type of property is this?
    Commercial real estate - Five-parcel Wailuku investment opportunity
    Where is this commercial real estate located?
    The property is located at 16 Maluhia Dr Wailuku, HI.
    What is the asking price?
    The asking price for this property is $6,500,000.
    (808) 244-2200
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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
    16 Maluhia Dr Wailuku, HI 96793
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