Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1764 Wili Pa Loop Wailuku, HI 96793

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,500,000

    120-seat restaurant with liquor license in prime Wailuku location.

    Type:Commercial
    Added:
    Feb 18, 2026
    Days on Market:
    61
    Last Refresh:
    Apr 5 at 8:25 pm

    Property Features for 1764 Wili Pa Loop

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1993

    We can help!

    Listing Contact
    SOON JUNG YUN

    Listing agent SOON JUNG YUN

    Listing office GREEN TREE REALTY

    Listing date Feb 18, 2026

    Source Corcoran

    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 GREEN TREE REALTY

    Overview

    Wailuku Restaurant with Liquor License

    This property features a 120-seat permitted restaurant with an existing liquor license, situated in a prime Wailuku location. The restaurant generates approximately $120,000 net annually, with 5% yearly increases over a three-year term plus a three-year option. The scarcity value is enhanced by Maui County wastewater restrictions that limit new restaurant permits. An owner-user opportunity is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Miko’s Cuisine Restaurant

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.5
    Latitude
    20.8932

    Nearby Similar for Sale

    • $800,000

      Turnkey Bar Opportunity in Wailuku

      Thriving, fully licensed bar in Wailuku's historic arts district.
      45 N Market St, Wailuku, HI 96793
      View Details
    • $1,000,000

      Wailuku Audio Post-Production Studio

      Turnkey audio post-production studio in Wailuku, Maui with long-term leases.
      800 Eha St, Wailuku, HI 96793-1492
      View Details
    • $1,799,000

      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
    • $2,900,000
      10,031 SF

      Wailuku Commercial Property For Sale

      Versatile commercial property in Millyard Subdivision with excellent visibility.
      1866 Wili Pa Loop, Wailuku, HI 96793
      View Details
    • $2,650,000
      9,560 SF

      Wailuku Office Complex For Sale

      9,560 SF office complex in central Wailuku.
      33 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
    • $950,000

      Wailuku Mixed-Use Commercial Building

      Updated mixed-use property in downtown Wailuku, ideal for entrepreneurs.
      145 N Market St, Wailuku, HI 96793
      View Details
    • $575,000

      Wailuku Corner End Office Unit

      Versatile Wailuku office unit with mountain views and dual-use potential.
      1129 E Lower Main St #Unit 207, Wailuku, HI 96793
      View Details
    • $3,750,000
      11,748 SF

      Wailuku Mixed-Use Property with Bakery

      Mixed-use property with retail, office, and industrial space.
      1005 Lower Main Street, Wailuku, HI 96793
      View Details
    • $30,000
      10,360 SF

      Wailuku Mixed-Use Industrial Property

      Mixed-use property with office, warehouse, mezzanine, and fenced yard.
      280 Imi Kala St, Wailuku, HI, 96793-1268
      View Details
    • $1,399,000

      Wailuku Commercial Property with Buildings

      Unique Wailuku property with residential and commercial potential.
      257 Market St, Wailuku, HI 96793
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - 120-seat restaurant with liquor license in prime Wailuku location.
    Where is this conventional restaurant located?
    The property is located at 1764 Wili Pa Loop Wailuku, HI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Rare 120‑seat permitted restaurant with existing liquor license.; Restaurant generates approximately $120,000 net annually with 5% yearly increases (3 yrs + 3‑yr option).; Prime Wailuku location.
    (808) 946-2980
    We can help!
    Listing Contact
    SOON JUNG YUN
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!