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    1960 Main St Wailuku, HI 96793

    For Sale
    $6,500,000

    Five Properties, High NOI, Redevelopment Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity encompasses five strategically located commercial properties in the heart of Wailuku, Maui. The portfolio includes a total of 62,706 square feet of land and approximately 27,950 square feet of existing building space across five separate tax map keys (TMKs), offering significant redevelopment potential. The properties boast ample frontage along Main Street (approximately 341 feet), placing them in the central business district, within walking distance of county and state buildings, and the new municipal county parking structure (393 stalls). This prime location is also convenient to the hospital, police station, and UH Maui College. The properties are zoned B-2 and situated within both the Wailuku Redevelopment Area and an opportunity zone, presenting a unique live/work development opportunity. The current net operating income (NOI) is $393,779. Individual property details include: 1942 Main Street (TMK 2-3-4-012-004): 22,154 sq ft land, 13,474 sq ft building

    Property Features for 1960 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    9,583 SF
    Insight Report Location Intelligence

    Current Use by Public Records

    Wailuku Food Trucks Food Court Like Poke? Seafood Restaurant Havens Wailuku Restaurant DÔLISH MAUI Food Producer Maluhia Collective Boutique

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.501
    Latitude
    20.8882

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    FAQs

    What type of property is this?
    Commercial real estate - Five Properties, High NOI, Redevelopment Potential
    Where is this commercial real estate located?
    The property is located at 1960 Main St 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
    1960 Main St Wailuku, HI 96793
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