Wailuku Commercial Property For
For Sale
$2,900,000
1866 Wili Pa Loop, Wailuku, HI 96793
Versatile commercial property in Millyard Subdivision with excellent visibility.
Property Size10,031 SF
Price / SF$289.10
Days on Market196
Property Features for 1866 Wili Pa Loop
General Information
Standard status
Active
Size
10,031 SF
Property subtype
Commercial
Listing Agency:
REALTY 1ST INC
(808) 249-2424
Listed By:
NATHAN K G KWEE RB-15403
Source:
Corcoran
Added: Jan 18
Changed: Jul 6
Last Checked: Aug 1 at 6:10AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.**
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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
NOI $239,637 @ 7.0% cap · market cap 8.26%
Second Best
Mixed Use
$2.97M
$2.60M – $3.46M
NOI $207,642 @ 7.0% cap · market cap 7.16%
Theoretical Best
Specialty Retail
$4.06M
$3.55M – $4.73M
NOI $284,050 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96793, HI
31,939
Population
11,510
Households
2.8
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
76.1 sq mi
ZIP Area
420
Density / Sq Mi
$104,220
Median Household Income
$47,026
Median Earnings
$1,797
Median Rent
$776,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.**
