Central Office
305-1885 Main St, Wailuku, HI 96793
For Sale
$550,000
The space is suited to professional or administrative operations.
Property Size1,099 SF
Price / SF$500.45
Days on Market15
Property Features for 305-1885 Main St
General Information
Standard status
Size
Additional Details
Property Use
Listing Agency:
Shore To Shore Realty, Inc.
Listed By:
Steven Le RS-85249
(808) 344-6898
Source:
Exprealty
Added: Oct 27
Changed: Nov 10
Last Checked: Nov 10 at 2:14PM
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 Shore To Shore Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1885 Main Street in Wailuku, this office unit offers approximately 1,099 square feet. The space is identified for professional or administrative office use.
Nearby destinations include government offices, professional businesses, and restaurants.
Nearby destinations include government offices, professional businesses, and restaurants.
Key Highlights
- Approximately 1,099 square feet of office space
- Near government offices, professional businesses, and restaurants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,859
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,180
$437.2K
Cap Rate 7%
$312,271
$312.3K
Cap Rate 9%
$242,878
$242.9K
Market Conditions
NOI Build-Up for 1,099 SF
Gross rent
$34.3K $31.20/SF
− Vacancy
−$5.1K −$4.68/SF
EGI
$29.1K $26.52/SF
− OpEx
−$7.3K −$6.63/SF
NOI
$21.9K $19.89/SF
Area
Maui County, HI
Vacancy
15.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,180
Cap Rate 7%
$312,271
Cap Rate 9%
$242,878
Alternative Uses
Best Use
Office B
$312.3K
$273.2K – $364.3K
NOI $21,859 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$444.6K
$389.0K – $518.7K
NOI $31,121 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property 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
$776,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Maui County, HI
Properties on Market for Office Units in Maui County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The space is suited to professional or administrative operations.
Where is this office unit located?
The property is located at 305-1885 Main St Wailuku, HI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 1,099 square feet of office space; Near government offices, professional businesses, and restaurants
