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    New Office Spaces in Wailuku Title is generated by Realmo AI

    137 Maa St, Wailuku, HI 96793

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    For Lease
    $2,618/Mo $31 SF/Yr (calc)

    Commercial-Lease Unit - Wailuku, HI

    Property size:
    993 SF
    Lot size:
    0.43 Acres
    Added:
    May 12, 2026
    Days on Market:
    9
    Last Refresh:
    May 20 at 9:06 pm

    Property Features for 137 Maa St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    3
    Standard status
    Active
    Size
    993 SF
    Lot size
    0.43 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Philip Campos

    Listing agent Philip Campos License #RB-18974

    Listing office Island Premier Realty LLC 283 Lalo Street Suite 202, Kahului, HI

    Listing date May 12, 2026

    MLS# 409597 Listing URL

    Copyright © 2026 Realtors ® Association of Maui, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Central Maui location in the Maui Lani Commercial area.
    • New office spaces suitable for professional, service, or office users.
    • Proximity to growing Maui Lani and Kehalani residential areas.
    • Easy access to major transportation routes (Wailuku, Kahului, Honoapi‘ilani Highway, Kuihelani Highway).
    • Convenient access to Kahului Airport, Kahului Harbor, schools, parks, medical facilities, and business services.
    • Spaces range from 748 to 993 square feet.

    Overview

    Three new office spaces are available for lease at 137 Ma‘a Street in Kahului, situated within the Maui Lani Commercial area. The spaces range in size from approximately 748 to 993 square feet, presenting an opportunity for professional, service, or office-based businesses seeking to establish or expand their presence in Central Maui. The asking rent is $3.50 per square foot, in addition to an estimated Common Area Maintenance (CAM) fee of $0.48 per square foot. This location in Central Maui offers proximity to the developing Maui Lani and Kehalani residential areas, with convenient access to Wailuku, Kahului, Honoapi‘ilani Highway, Kuihelani Highway, Kahului Airport, Kahului Harbor, schools, parks, medical facilities, and various business services. These office spaces are well-situated to cater to Central Maui’s growing customer base, including the neighboring Maui Lani and Kehalani communities. The lot size is 0.4342 acres. Estimated space turnover is January 1, 2027.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.551
    Latitude
    20.9145

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    FAQs

    What type of property is this?
    Office units - New office spaces for lease in Central Maui location.
    Where is this office units located?
    The property is located at 137 Maa St Wailuku, HI.
    What is the lease rate?
    The lease rate is $2,618 /Mo.
    What are key features of this property?
    This property features: Prime Central Maui location in the Maui Lani Commercial area.; New office spaces suitable for professional, service, or office users.; Proximity to growing Maui Lani and Kehalani residential areas.
    (808) 357-5189
    We can help!
    Listing Contact
    Philip Campos
    Real Estate License ID: RB-18974
    Learn More
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    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
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