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

    1129 E Lower Main St, Unit 207 Wailuku, HI 96793

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $575,000

    Versatile Wailuku office unit with mountain views and dual-use potential.

    Property Features for 1129 E Lower Main St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jo-Ann M Aki Rs-
    Source: Corcoran

    Listing Agent: Jo-Ann M Aki Rs-

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wailuku Corner End Office Unit

    This 939 square foot corner end office unit in Wailuku is located in a business-zoned condominium and offers mountain views and lots of windows. Constructed of concrete, the space is designed for dual use, suitable for business operations or as a living space. The condominium has low maintenance fees, ample parking, and central air conditioning. While the first three floors are designated for commercial use, certain units have residential flexibility. The unit is currently equipped with dental equipment, which can be included in the sale or removed prior to closing. This property offers the potential to meet various business or living needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mc Namara Kathleen ... Psychologist Shimada Diane E Massage Therapist Dianna M. Difrenna, ... Massage Therapist No Ka Oi ... Sports Massage Therapist Pacific Pile & Crane ... Crane Service

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.4898261
    Latitude
    20.8980431

    Nearby Similar for Sale

    • $1,000,000
      0.06 Acres

      Wailuku Audio Post-Production Studio

      Turnkey audio post-production studio in Wailuku, Maui with long-term leases.
      800 Eha St, Wailuku, HI 96793
      View Details
    • $1,499,000
      0.18 Acres

      Wailuku Commercial Property with Buildings

      Unique Wailuku property featuring residential and commercial buildings.
      257 Market St, Wailuku, HI 96793
      View Details
    • New
      $1,700,000
      1,960 SF

      Wailuku Mixed-Use Commercial Property

      Mixed-use commercial property in Wailuku Redevelopment Area with excellent income potential.
      378 N Market St, Wailuku, HI 96793
      View Details
    • $800,000
      0.11 Acres

      Turnkey Bar Opportunity in Wailuku

      Thriving, fully licensed bar in Wailuku's historic arts district.
      45 N Market St, Wailuku, HI 96793
      View Details
    • $899,000

      Refurbished Wailuku Office/Residential Property

      Refurbished Wailuku property suitable for office or residential use.
      1930 E Vineyard St, Wailuku, HI 96793
      View Details
    • $30,000

      Wailuku Mixed-Use Industrial Property

      Mixed-use property with office, warehouse, mezzanine, and fenced yard.
      280 Imi Kala St, Wailuku, HI 96793
      View Details
    • $6,500,000
      0.51 Acres

      Wailuku Main St Investment

      Five parcels, high NOI, redevelopment potential.
      1942 Main St, Wailuku, HI 96793
      View Details
    • $6,500,000
      0.05 Acres

      Wailuku Main St Investment

      Five parcels, high NOI, redevelopment potential.
      1994 Main St, Wailuku, HI 96793
      View Details
    • $4,399,000
      2.13 Acres

      Wailuku Commercial Property - Huge Potential

      Prime Wailuku location, large building, high-yield solar.
      1005 Lower Main St, Wailuku, HI 96793
      View Details
    • $14,845,000
      8.55 Acres

      Wailuku Industrial Land - 8.55 Acres

      Prime Maui Industrial Land: 8.55 acres, 7 lots.
      109 Waiko Rd, Wailuku, HI 96793
      View Details
    • $1,725,000
      0.76 Acres

      Wailuku Industrial Land - Prime Location

      0.76-acre M-1 Light Industrial Lot
      109 Waiko Rd, Wailuku, HI 96793
      View Details
    • $6,500,000
      0.10 Acres

      Wailuku Commercial Portfolio

      Five-parcel Wailuku investment opportunity
      16 Maluhia Dr, Wailuku, HI 96793
      View Details

    FAQs

    What type of property is this?
    Office space - Versatile Wailuku office unit with mountain views and dual-use potential.
    Where is this office space located?
    The property is located at 1129 E Lower Main St, Unit 207 Wailuku, HI.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Prime corner end unit location in Wailuku with mountain views and lots of windows.; - Versatile space suitable for business or residential use.; - Low maintenance fees in a business-zoned condominium.
    Request Owner's contact information
    1129 E Lower Main St, Unit 207 Wailuku, HI 96793
    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.
    1129 E Lower Main St, Unit 207
    Wailuku, HI 96793
    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
    1129 E Lower Main St, Unit 207 Wailuku, HI 96793
    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
    Jo-Ann M Aki Rs-
    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.