Wailuku Commercial Property For
For Sale
$2,750,000
1866 Wili Pa Loop, Wailuku, HI 96793
Versatile commercial property in Millyard Subdivision with excellent visibility.
Property Size10,031 SF
Price / SF$274.15
Days on Market238
Property Features for 1866 Wili Pa Loop
General Information
Standard status
Active
Size
10,031 SF
Listing Agency:
Realty 1st Inc
Listed By:
Nathan K G Kwee RB-15403 · License #RB-15403
(808) 357-8007
Source:
The808team
Added: Mar 10
Changed: Oct 25
Last Checked: Oct 7 at 12:55PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$239,637
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,792,740
$4.8M
Cap Rate 7%
$3,423,386
$3.4M
Cap Rate 9%
$2,662,633
$2.7M
Market Conditions
NOI Build-Up for 10,031 SF
Gross rent
$361.1K $36.00/SF
− Vacancy
−$18.8K −$1.87/SF
EGI
$342.3K $34.13/SF
− OpEx
−$102.7K −$10.24/SF
NOI
$239.6K $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 Rate 5%
$4,792,740
Cap Rate 7%
$3,423,386
Cap Rate 9%
$2,662,633
Alternative Uses
Best Use
Retail
$3.42M
$3.00M – $3.99M
NOI $239,637 @ 7.0% cap · market cap 8.71%
Second Best
Mixed Use
$2.97M
$2.60M – $3.46M
NOI $207,642 @ 7.0% cap · market cap 7.55%
Theoretical Best
Specialty Retail
$4.06M
$3.55M – $4.73M
NOI $284,050 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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 $2,750,000.
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.**
