Flex Space Condo with Roll-Up
300 Ohukai Rd Kihei, HI 96753
For Sale
$699,000
COMMERCIAL - Kihei, HI
Property Size1,332 SF
Price / SF$524.77
Days on Market152
Property Features for 300 Ohukai Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1 SF
Utilities
- Water front
- 1
Listing Agency:
Hawaii Life (W)
(800) 667-5028
Listed By:
Tom Tezak · License #RB-21167
(808) 280-2055
Added: Feb 25
Changed: Jul 1
Last Checked: Jul 27 at 6:06AM
MLS# 408867
Copyright © 2026 Realtors ® Association of Maui, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile commercial condo includes a retail storefront area, private office space, and warehouse/industrial space, plus a storage mezzanine. The total unit size is 1,332 square feet, with the additional mezzanine providing extra storage. The retail, office, and mezzanine areas feature luxury vinyl plank flooring, supporting a clean, professional appearance for client-facing use. The warehouse component is served by a 12-foot overhead roll-up door for practical loading and access.
The property is located at 300 Ohukai Rd in Kihei, within the Kihei Commercial Center. The sale is for real property only; any existing business operations are not included and are currently operating on a month-to-month lease.
Overall, the configuration is designed to support both showroom/client interaction and day-to-day storage or light service functions, with the mezzanine adding further flexibility for inventory or supplies.
The property is located at 300 Ohukai Rd in Kihei, within the Kihei Commercial Center. The sale is for real property only; any existing business operations are not included and are currently operating on a month-to-month lease.
Overall, the configuration is designed to support both showroom/client interaction and day-to-day storage or light service functions, with the mezzanine adding further flexibility for inventory or supplies.
Key Highlights
- 1,332 sq. ft. commercial condo unit with an included storage mezzanine
- Layout includes retail storefront, private office space, and warehouse/industrial area
- Warehouse features a 12‑foot overhead roll‑up door for loading and access
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 | $48.0k | $36.00 |
| − Vacancy | −$2.5k | −$1.87 |
| EGI | $45.5k | $34.13 |
| − OpEx | −$13.6k | −$10.24 |
| NOI | $31.8k | $23.89 |
1,332 SF · lease $36.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$454.6K
$397.8K – $530.4K
NOI $31,821 @ 7.0% cap · market cap 4.55%
Second Best
Office B
$378.5K
$331.2K – $441.6K
NOI $26,493 @ 7.0% cap · market cap 3.79%
Theoretical Best
Specialty Retail
$538.8K
$471.5K – $628.7K
NOI $37,719 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Versatile commercial condo combines storefront, private offices, warehouse space, and a storage mezzanine with a roll-up loading door.
Where is this flex space located?
The property is located at 300 Ohukai Rd Kihei, HI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,332 sq. ft. commercial condo unit with an included storage mezzanine; Layout includes retail storefront, private office space, and warehouse/industrial area; Warehouse features a 12‑foot overhead roll‑up door for loading and access
