Ground-Floor Storefront
For Sale
$420,000
320 Ohukai St #Unit 404, Kihei, HI 96753
Open-span commercial unit with a full-glass frontage, private restroom, and high ceilings.
Property Size1,036 SF
Price / SF$405.41
Days on Market171
Property Features for 320 Ohukai St #Unit 404
General Information
Standard status
Active
Size
1,036 SF
Property subtype
Commercial
Additional Details
Floor
Ground
Highway Access
Yes
Amenities
Assigned
Pitch and Gravel Roof
Listing Agency:
COLDWELL BANKER ISLAND PROP(S)
(808) 874-8668
Listed By:
WILL MCKINNEY RS-68209
Source:
Corcoran
Added: Apr 29
Changed: Oct 15
Last Checked: Oct 16 at 8:37AM
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 COLDWELL BANKER ISLAND PROP(S)
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Investment Insights
Based on property information with market context.
Unit 404 is a ground-floor commercial condominium with approximately 1,036 square feet of open-span interior space. The layout includes a full-glass storefront, private restroom, faux-wood flooring, and high ceilings, with natural light entering through the front glazing. The configuration supports showroom, studio, office, and service-oriented business uses stated for the property.
The unit is located at 320 Ohukai St in Kihei’s light industrial corridor. The complex provides access to Piilani Highway and is positioned within South Maui, with the source information also identifying connections to Kahului and Upcountry areas.
The unit is located at 320 Ohukai St in Kihei’s light industrial corridor. The complex provides access to Piilani Highway and is positioned within South Maui, with the source information also identifying connections to Kahului and Upcountry areas.
Key Highlights
- Approximately 1,036 square feet of open‑span commercial interior
- Ground‑floor condominium unit at 320 Ohukai St #Unit 404
- Full‑glass storefront brings natural light into the space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,750
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,000
$495.0K
Cap Rate 7%
$353,571
$353.6K
Cap Rate 9%
$275,000
$275.0K
Market Conditions
NOI Build-Up for 1,036 SF
Gross rent
$37.3K $36.00/SF
− Vacancy
−$1.9K −$1.87/SF
EGI
$35.4K $34.13/SF
− OpEx
−$10.6K −$10.24/SF
NOI
$24.7K $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%
$495,000
Cap Rate 7%
$353,571
Cap Rate 9%
$275,000
Alternative Uses
Best Use
Retail
$353.6K
$309.4K – $412.5K
NOI $24,750 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$419.1K
$366.7K – $489.0K
NOI $29,337 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Open-span commercial unit with a full-glass frontage, private restroom, and high ceilings.
Where is this storefront property located?
The property is located at 320 Ohukai St #Unit 404 Kihei, HI.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Approximately 1,036 square feet of open‑span commercial interior; Ground‑floor condominium unit at 320 Ohukai St #Unit 404; Full‑glass storefront brings natural light into the space
