Ground-Floor Medical Office
1129 Lower Main St #101, Wailuku, HI 96793
For Sale
New
$445,000
The commercial suite occupies the first level of Parkview Square and includes parking for visitors and staff.
Property Size939 SF
Price / SF$473.91
Days on Market5
Property Features for 1129 Lower Main St #101
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Property Use
Medical Specialty
Amenities
Central air
Central Air Cooling
On Site
Listing Agency:
HAWAII LIFE (W)
(800) 667-5028
Listed By:
JOSH JERMAN RB-19728 · License HI RB-19728
(808) 283-2222
Source:
Corcoran
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HAWAII LIFE (W)
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 101 is a 939-square-foot commercial suite on the ground floor of Parkview Square in Maui. Its layout has served orthodontic and dental office operations for decades, supporting continued consideration for medical or professional use.
The property is located at 1129 Lower Main St in Wailuku. Ground-level access and parking are available for clients and staff.
The property is located at 1129 Lower Main St in Wailuku. Ground-level access and parking are available for clients and staff.
Key Highlights
- 939‑square‑foot commercial unit
- Ground‑floor suite in Parkview Square
- Operated as an orthodontic/dental office for decades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,677
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,540
$373.5K
Cap Rate 7%
$266,814
$266.8K
Cap Rate 9%
$207,522
$207.5K
Market Conditions
NOI Build-Up for 939 SF
Gross rent
$29.3K $31.20/SF
− Vacancy
−$4.4K −$4.68/SF
EGI
$24.9K $26.52/SF
− OpEx
−$6.2K −$6.63/SF
NOI
$18.7K $19.89/SF
Area
Maui County, HI
Vacancy
15.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,540
Cap Rate 7%
$266,814
Cap Rate 9%
$207,522
Alternative Uses
Best Use
Office B
$266.8K
$233.5K – $311.3K
NOI $18,677 @ 7.0% cap · market cap 4.20%
Second Best
Healthcare Medical
$250.1K
$218.9K – $291.8K
NOI $17,510 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$379.9K
$332.4K – $443.2K
NOI $26,590 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Demographics for 96793, HI
31,939
Population
11,510
Households
2.8
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
76.1 sq mi
ZIP Area
420
Density / Sq Mi
$104,220
Median Household Income
$47,026
Median Earnings
$1,797
Median Rent
$776,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The commercial suite occupies the first level of Parkview Square and includes parking for visitors and staff.
Where is this medical office space located?
The property is located at 1129 Lower Main St #101 Wailuku, HI.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 939‑square‑foot commercial unit; Ground‑floor suite in Parkview Square; Operated as an orthodontic/dental office for decades
