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Wailuku Commercial Property For Sale

1866 Wili Pa Loop, Wailuku, HI 96793

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For Sale

$2,900,000

Versatile commercial property in Millyard Subdivision with excellent visibility.

Type:Commercial

Property size:

10,031 SF

Price / SF:

$289/SF

HighLights

Strategic location in the heart of the Millyard Subdivision with excellent visibility and convenient access.
Versatile M‑1 Light Industrial zoning allows for a broad spectrum of business uses.
Substantial 7,206 sq ft ground floor space including warehouse, office, and showroom.
Proximity to Kahului Airport, County, and State Buildings.
Additional 825 sq ft of office space on the second floor and a 2,000 sq ft mezzanine.
Opportunity for owner‑users and investors with one unit currently occupied.

We can help!

Listing Contact

NATHAN K G KWEE RB-15403

For Sale

$2,900,000

Versatile commercial property in Millyard Subdivision with excellent visibility.

Type:Commercial

Property size:

10,031 SF

Price / SF:

$289/SF

Added:: Jan 18, 2026
Days on Market:: 150
Last Refresh:: Apr 5 at 8:24 pm

Property Features for 1866 Wili Pa Loop

General Information

Standard status: Active
Size: 10,031 SF
Property subtype: Commercial

We can help!

Listing Contact

NATHAN K G KWEE RB-15403

Listing agent NATHAN K G KWEE RB-15403

Listing office REALTY 1ST INC

Listing date Jan 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 REALTY 1ST INC

HighLights

Strategic location in the heart of the Millyard Subdivision with excellent visibility and convenient access.
Versatile M‑1 Light Industrial zoning allows for a broad spectrum of business uses.
Substantial 7,206 sq ft ground floor space including warehouse, office, and showroom.
Proximity to Kahului Airport, County, and State Buildings.
Additional 825 sq ft of office space on the second floor and a 2,000 sq ft mezzanine.
Opportunity for owner‑users and investors with one unit currently occupied.

Overview

This commercial property is located in the Millyard Subdivision, offering visibility and access. It is situated minutes from Kahului Airport and County and State Buildings. Zoned M-1 Light Industrial, the property allows for a spectrum of business uses, making it suitable for owner-users and investors. The building includes approximately 7,206 square feet on the ground floor, comprising warehouse, office, and showroom space. An additional 825 square feet of office space is located on the second floor, along with a mezzanine of approximately 2,000 square feet. Unit 1 is currently occupied by a landscaping supply business, and Unit 2 is vacant.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$361.1k	$36.00
− Vacancy	−$18.8k	−$1.87
EGI	$342.3k	$34.13
− OpEx	−$102.7k	−$10.24
NOI	$239.6k	$23.89

10,031 SF · lease $36.00/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$3.42M

$3.00M – $3.99M (±1% cap)

NOI $239,637 @ 7.0% cap · market cap 8.26%

Second Best

Mixed Use

$2.97M

$2.60M – $3.46M (±1% cap)

NOI $207,642 @ 7.0% cap · market cap 7.16%

Theoretical Best

Specialty Retail

$4.06M

$3.55M – $4.73M (±1% cap)

NOI $284,050 @ 7.0% cap · market cap 9.79%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Ridge to Reef Environmental Garden Center SGS Hawaii, Inc Landscaping Pacific Auto Maintenance ... Auto Repair Shop Bespoke Hair Design ... Barber Shop Cutting Edge Manufacturing Industrial Manufacturer

Map

City: Wailuku
County: Maui
State: Hawaii
Longitude: -156.5
Latitude: 20.8939

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For sale
Mixed-use properties
HI
Wailuku
96793
1866 Wili Pa Loop

What type of property is this?

Mixed-use property - Versatile commercial property in Millyard Subdivision with excellent visibility.

Where is this mixed-use property located?

The property is located at 1866 Wili Pa Loop Wailuku, HI.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Strategic location in the heart of the Millyard Subdivision with excellent visibility and convenient access.; Versatile M‑1 Light Industrial zoning allows for a broad spectrum of business uses.; **Substantial 7,206 sq ft ground floor space including warehouse, office, and showroom.**