Lahaina Warehouse with Storefront
For Sale
$975,000
147 Kupuohi St #G-3, Lahaina, HI 96761
Warehouse unit with storefront potential in Lahaina, 3 parking stalls.
Property Size1,150 SF
Price / SF$847.83
Days on Market289
Property Features for 147 Kupuohi St #G-3
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Commercial
Listing Agency:
COMPASS
(808) 762-1796
Listed By:
DEBBIE ARAKAKI RB-20674
Source:
Corcoran
Added: Nov 5, 2025
Changed: Aug 19
Last Checked: Aug 20 at 6:15AM
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 COMPASS
Investment Insights
Based on property information with market context.
This warehouse unit, located in Lahaina, offers the potential to start a business storefront while keeping inventory in the same place. Situated within Emerald Plaza, it provides an opportunity to join other retailers in this location. The unit features 20-foot ceilings and a total area of 1150 square feet. It includes three assigned parking stalls. The unit can be purchased together with the adjacent unit G-4 to create a larger combined space.
Key Highlights
- Prime Lahaina location in the Emerald Plaza, a growing retail hub.
- Warehouse unit suitable for business storefront and inventory storage.
- High ceilings (20') offering ample vertical space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,473
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,460
$549.5K
Cap Rate 7%
$392,471
$392.5K
Cap Rate 9%
$305,256
$305.3K
Market Conditions
NOI Build-Up for 1,150 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.4K $36.00/SF
− Vacancy
−$2.2K −$1.87/SF
EGI
$39.2K $34.13/SF
− OpEx
−$11.8K −$10.24/SF
NOI
$27.5K $23.89/SF
Area
Maui County, HI
Vacancy
5.20%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$549,460
Cap Rate 7%
$392,471
Cap Rate 9%
$305,256
Alternative Uses
Best Use
Retail
$392.5K
$343.4K – $457.9K
NOI $27,473 @ 7.0% cap · market cap 2.82%
Second Best
Warehouse
$247.3K
$216.4K – $288.6K
NOI $17,313 @ 7.0% cap · market cap 1.78%
Theoretical Best
Specialty Retail
$465.2K
$407.1K – $542.8K
NOI $32,565 @ 7.0% cap · market cap 3.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96761, HI
23,167
Population
11,851
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
95.3 sq mi
ZIP Area
243
Density / Sq Mi
$94,229
Median Household Income
$45,107
Median Earnings
$2,099
Median Rent
$905,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Warehouse unit with storefront potential in Lahaina, 3 parking stalls.
Where is this storefront property located?
The property is located at 147 Kupuohi St #G-3 Lahaina, HI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime Lahaina location in the Emerald Plaza, a growing retail hub.; Warehouse unit suitable for business storefront and inventory storage.; High ceilings (20') offering ample vertical space.
