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    1987 Olu Dr Wailuku, HI 96793

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    For Sale
    $589,000

    Rare opportunity for residential, commercial, or mixed-use development in Wailuku.

    Property Features for 1987 Olu Dr

    General Information

    Standard status
    Active

    Source: COMMERCIAL PROP OF MAUI LLC Agent MOE A SEARS RB-20115

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wailuku Redevelopment Opportunity

    This property, located at 1987 Olu Drive in Wailuku, Hawaii, presents a rare redevelopment opportunity. It is part of a combined sale with the adjacent property at 158 Market Street, totaling 9,311 square feet. The zoning allows for residential, commercial, or mixed-use development. Situated in the Wailuku Redevelopment Zone, the location offers a walkable and vibrant community. The combined asking price for both properties is $589,000. The lot at 158 Market Street is 6,495 square feet with TMK (2) 3-4-017-021, and the lot at 1987 Olu Drive is 2,816 square feet with TMK (2) 3-4-017-022.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.5023974
    Latitude
    20.8903137

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    FAQs

    What type of property is this?
    Commercial land - Rare opportunity for residential, commercial, or mixed-use development in Wailuku.
    Where is this commercial land located?
    The property is located at 1987 Olu Dr Wailuku, HI.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: - Combined sale of two adjacent properties totaling 9,311 SF.; - Located in the Wailuku Redevelopment Zone.; - Zoning allows for residential, commercial, or mixed-use development.
    (808) 244-2200
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    1987 Olu Dr Wailuku, HI 96793
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    Realmo Value Estimation

    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.

    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.

    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
    1987 Olu Dr Wailuku, HI 96793
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