Maui Commercial Condo For
For Sale
$595,000
300 Ohukai Rd #B102, Kihei, HI 96753
1,175 SF commercial condo offers industrial ownership opportunity on Maui.
Property Size1,175 SF
Price / SF$506.38
Days on Market147
Property Features for 300 Ohukai Rd #B102
General Information
Standard status
Active
Size
1,175 SF
Property subtype
Industrial
Building Details
Year Built
1990
Listing Agency:
(808) 875-7000
Listed By:
Chris Millen
(808) 875-7000
Source:
Cbcworldwide
Added: Apr 8
Changed: Jul 10
Last Checked: Apr 8 at 8:42PM
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 Chris Millen
Investment Insights
Based on property information with market context.
This commercial condo, offering 1,175 square feet, presents a rare industrial ownership opportunity on Maui. Acquiring this warehouse provides long-term stability, safeguarding against increasing lease expenses, and the flexibility to adapt the space to suit specific business operations. It also allows for building equity in a highly desirable asset within one of Maui's most supply-constrained commercial markets. The property is located at 300 Ohukai Rd #B102 Kihei, HI 96753.
Key Highlights
- Rare industrial ownership opportunity on Maui.
- Long‑term stability and protection from rising lease costs.
- Opportunity to build equity in a highly sought‑after asset.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,690
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$353,800
$353.8K
Cap Rate 7%
$252,714
$252.7K
Cap Rate 9%
$196,556
$196.6K
Market Conditions
NOI Build-Up for 1,175 SF
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.
Gross rent
$21.2K $18.00/SF
− Vacancy
−$338 −$0.29/SF
EGI
$20.8K $17.71/SF
− OpEx
−$3.1K −$2.66/SF
NOI
$17.7K $15.06/SF
Area
Maui County, HI
Vacancy
1.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$353,800
Cap Rate 7%
$252,714
Cap Rate 9%
$196,556
Alternative Uses
Best Use
Warehouse
$252.7K
$221.1K – $294.8K
NOI $17,690 @ 7.0% cap · market cap 2.97%
Second Best
Industrial
$208.1K
$182.1K – $242.8K
NOI $14,568 @ 7.0% cap · market cap 2.45%
Theoretical Best
Specialty Retail
$475.3K
$415.9K – $554.6K
NOI $33,273 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96753, HI
27,611
Population
18,294
Households
1.5
Avg Household Size
47
Median Age
35%
College-Educated
95%
High-School Grad
36.4 sq mi
ZIP Area
759
Density / Sq Mi
$87,948
Median Household Income
$44,157
Median Earnings
$2,076
Median Rent
$958,400
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Warehouse - 1,175 SF commercial condo offers industrial ownership opportunity on Maui.
Where is this warehouse located?
The property is located at 300 Ohukai Rd #B102 Kihei, HI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Rare industrial ownership opportunity on Maui.; Long‑term stability and protection from rising lease costs.; Opportunity to build equity in a highly sought‑after asset.
