Shopping Center with Ocean
For Sale
Contact for pricing
81 Makawao Avenue, Makawao, HI 96768
Fee simple shopping center in very good condition with ample parking and ocean views, plus multiple current tenants.
Property SizeContact for details
Days on Market145
Property Features for 81 Makawao Avenue
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Cap Rate
5.2%
Amenities
ocean views
Building Details
Tenancy
Multi
Listing Agency:
Coldwell Banker Property Management - Commercial Division
Listed By:
Chris Millen · License #RB-21385
Source:
Crexi
Added: Apr 11
Changed: Aug 17
Last Checked: Aug 14 at 7:58AM
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 Coldwell Banker Property Management - Commercial Division
Investment Insights
Based on property information with market context.
Pukalani Square is a fee simple shopping center offered for sale. The property is described as being in very good condition with little to no deferred maintenance required, and it includes ample parking and ocean views. Current tenants include Diagnostic Laboratories, a State Farm Insurance Agency, Kojima’s Japanese Restaurant, medical and real estate offices, and a commercial kitchen.
The center is located at 81 Makawao Avenue in Makawao, Hawaii. The property also has a residential unit behind the center, which may support additional rental income or an on-site manager, depending on how it is handled.
As presented, the tenant mix and on-site facilities provide a practical, income-oriented commercial setup within a multi-tenant retail and office environment.
The center is located at 81 Makawao Avenue in Makawao, Hawaii. The property also has a residential unit behind the center, which may support additional rental income or an on-site manager, depending on how it is handled.
As presented, the tenant mix and on-site facilities provide a practical, income-oriented commercial setup within a multi-tenant retail and office environment.
Key Highlights
- Fee simple income property (Pukalani Square) with projected 2019 NOI at a 5.2% cap rate
- Very good condition with little to no deferred maintenance required
- Ample parking available for tenants and customers
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Demographics for 96768, HI
18,512
Population
6,816
Households
2.7
Avg Household Size
42
Median Age
33%
College-Educated
95%
High-School Grad
43.3 sq mi
ZIP Area
428
Density / Sq Mi
$105,942
Median Household Income
$47,226
Median Earnings
$1,794
Median Rent
$905,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fee simple shopping center in very good condition with ample parking and ocean views, plus multiple current tenants.
Where is this shopping center located?
The property is located at 81 Makawao Avenue Makawao, HI.
What are key features of this property?
This property features: Fee simple income property (Pukalani Square) with projected 2019 NOI at a 5.2% cap rate; Very good condition with little to no deferred maintenance required; Ample parking available for tenants and customers
