Air-Conditioned Flex Office
For Sale
$570,000
330 Ohukai Rd, Kihei, HI 96753
Air-conditioned flex unit with high ceilings, open layout, and a private restroom, in an M-1 zoned commercial plaza.
Property Size1,400 SF
Price / SF$407.14
Days on Market108
Property Features for 330 Ohukai Rd
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Retail
Zoning
M-1
Additional Details
Highway Access
Yes
Amenities
air conditioning
private restroom
high ceilings
Listing Agency:
Hawaii - Maui
(808) 523-8379
Listed By:
Charles Buckingham · License #RS-57944
(808) 523-8379
Source:
Colliers
Added: May 8
Changed: Aug 23
Last Checked: Aug 22 at 1:09PM
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 Hawaii - Maui
Investment Insights
Based on property information with market context.
This air-conditioned flex unit is offered for sale in a commercial plaza setting and includes a flexible open floor plan with high ceilings. The space also features a private restroom, making it well-suited for a range of light commercial uses. M-1 zoning supports a variety of potential uses, including showroom, light manufacturing, offices, storage, studio, and service-based business activities.
The unit is located in Kihei’s light industrial corridor, providing easy access to Piilani Highway. It is positioned to serve the broader South Maui market, including West Maui, Kahului, and Upcountry.
As a compact, configurable commercial unit, the layout supports both customer-facing and office-oriented setups, while the zoning provides breadth for day-to-day operating needs consistent with M-1 parameters.
The unit is located in Kihei’s light industrial corridor, providing easy access to Piilani Highway. It is positioned to serve the broader South Maui market, including West Maui, Kahului, and Upcountry.
As a compact, configurable commercial unit, the layout supports both customer-facing and office-oriented setups, while the zoning provides breadth for day-to-day operating needs consistent with M-1 parameters.
Key Highlights
- 1,400 SF air‑conditioned unit in Kihei Commercial Plaza
- Flexible open floor plan with high ceilings and a private restroom
- M‑1 zoning allowing uses such as showroom, light manufacturing, offices, storage, studio, and service‑based businesses
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
$27,846
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
4.89%
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%
$556,920
$556.9K
Cap Rate 7%
$397,800
$397.8K
Cap Rate 9%
$309,400
$309.4K
Market Conditions
NOI Build-Up for 1,400 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
$43.7K $31.20/SF
− Vacancy
−$6.6K −$4.68/SF
EGI
$37.1K $26.52/SF
− OpEx
−$9.3K −$6.63/SF
NOI
$27.8K $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 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%
$556,920
Cap Rate 7%
$397,800
Cap Rate 9%
$309,400
Alternative Uses
Best Use
Office B
$397.8K
$348.1K – $464.1K
NOI $27,846 @ 7.0% cap · market cap 4.89%
Second Best
Flex RnD
$317.8K
$278.1K – $370.7K
NOI $22,244 @ 7.0% cap · market cap 3.90%
Theoretical Best
Specialty Retail
$566.3K
$495.6K – $660.7K
NOI $39,644 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office 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?
Flex space - Air-conditioned flex unit with high ceilings, open layout, and a private restroom, in an M-1 zoned commercial plaza.
Where is this flex space located?
The property is located at 330 Ohukai Rd Kihei, HI.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 1,400 SF air‑conditioned unit in Kihei Commercial Plaza; Flexible open floor plan with high ceilings and a private restroom; M‑1 zoning allowing uses such as showroom, light manufacturing, offices, storage, studio, and service‑based businesses
