Wailuku Office Complex For
33 N Market St Wailuku, HI 96793
33 N Market St, Wailuku, HI, 96793
$2,650,000
For Sale
$2,650,000
9,560 SF office complex in central Wailuku.
Property Size9,560 SF
Price / SF$277.20
Days on Market217
Property Features for 33 N Market St
General Information
- Standard status
- Active
- Size
- 9,560 SF
- Property subtype
- Commercial
Listing agency
COMMERCIAL PROP OF MAUI LLC
(808) 244-2200
Listed by
GREGORY L. SHEEHAN RB-21591
Source
Corcoran
Added: Dec 16, 2025 Updated: Jul 6 at 10:01AM Checked: Jul 21 at 5:40AM
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 COMMERCIAL PROP OF MAUI LLC
Investment Insights
Based on property information with market context.
This commercial property is located in the heart of Wailuku and features an approximately 9,560 square foot office complex. The complex consists of three buildings arranged around a central plaza. It includes 11 office units with common restrooms. The property benefits from its adjacency to a newly developed municipal parking lot, which enhances accessibility for tenants and visitors. Several vacant offices offer a value-add opportunity through renovation. The property is suitable for an owner-user seeking a central business location or an investor looking for repositioning potential.
Key Highlights
- Prime commercial location in the heart of Wailuku.
- ±9,560 SF office complex with three buildings.
- Value‑add opportunity through renovation of several vacant offices.
Local Financial Insights For Office B
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 | $298.3k | $31.20 |
| − Vacancy | −$44.7k | −$4.68 |
| EGI | $253.5k | $26.52 |
| − OpEx | −$63.4k | −$6.63 |
| NOI | $190.1k | $19.89 |
9,560 SF · lease $31.20/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.72M
$2.38M – $3.17M
NOI $190,148 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.87M
$3.38M – $4.51M
NOI $270,713 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hawaii Meetings+events
Marketing & Advertising
Jacob Lowenthal, Attorney ...
Law Firm
Macroberts Samuel G
Law Firm
Christopher Dunn Law ...
Law Firm
Aloha Maui Real ...
Real Estate Agency
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FAQs
What type of property is this?
Office building - 9,560 SF office complex in central Wailuku.
Where is this office building located?
The property is located at 33 N Market St Wailuku, HI.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Prime commercial location in the heart of Wailuku.; ±9,560 SF office complex with three buildings.; Value‑add opportunity through renovation of several vacant offices.
