Light Industrial Warehouse
For Sale
Contact for pricing
330 Ohukai Rd, Kihei, HI 96753
Fee-simple industrial condominium with ground-level warehouse space and permitted mezzanine, plus three parking spaces.
Property Size2,250 SF
Price / SF$310.67
Days on Market198
Property Features for 330 Ohukai Rd
General Information
Standard status
Active
Size
2,250 SF
Class
B
Total Parking Spaces
3
Property subtype
Industrial, Mixed Use
Zoning
M-1 Light Industrial
Investment Type
Owner/User
Building Details
Year Built
2006
Buildings
1
Tenancy
Multi
Listing Agency:
Commercial Properties of Maui
Listed By:
Moe A. Sears · License #HI RB-20115
Source:
Crexi
Added: Feb 24
Changed: Aug 31
Last Checked: Sep 10 at 7:18AM
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 Properties of Maui
Investment Insights
Based on property information with market context.
Fee simple industrial condominium within Kihei Commercial Plaza, Building 1. Unit 115 includes approximately 2,250 SF of permitted interior area, comprised of approximately 1,125 SF of ground-level warehouse and approximately 825 SF of permitted mezzanine. An additional mezzanine area of approximately 300 SF exists, and the buyer should verify permits and compliance.
The property is located in the established Central Kihei industrial corridor and is zoned M-1 Light Industrial. It is described as a fit for contractor operations, service-related businesses, light manufacturing, warehousing, distribution, repair shop use, and retail uses, based on the listed zoning and intended versatility. The unit includes 3 parking spaces.
AOAO maintenance fees are approximately $650 per month and include water and trash service. Buyers are advised to conduct their own due diligence; information is deemed reliable but not guaranteed.
The property is located in the established Central Kihei industrial corridor and is zoned M-1 Light Industrial. It is described as a fit for contractor operations, service-related businesses, light manufacturing, warehousing, distribution, repair shop use, and retail uses, based on the listed zoning and intended versatility. The unit includes 3 parking spaces.
AOAO maintenance fees are approximately $650 per month and include water and trash service. Buyers are advised to conduct their own due diligence; information is deemed reliable but not guaranteed.
Key Highlights
- Fee‑simple industrial condominium in Kihei Commercial Plaza, Building 1
- Unit 115 has approx. 2,250 SF permitted interior area: approx. 1,125 SF ground‑level warehouse and 825 SF permitted mezzanine
- Additional mezzanine area approx. 300 SF; buyer to verify permits and compliance
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
$35,749
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
5.11%
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%
$714,980
$715.0K
Cap Rate 7%
$510,700
$510.7K
Cap Rate 9%
$397,211
$397.2K
Market Conditions
NOI Build-Up for 2,250 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
$56.7K $25.20/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$55.0K $24.44/SF
− OpEx
−$19.2K −$8.56/SF
NOI
$35.7K $15.89/SF
Area
Maui County, HI
Vacancy
3.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
35.00%
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%
$714,980
Cap Rate 7%
$510,700
Cap Rate 9%
$397,211
Alternative Uses
Best Use
Flex RnD
$510.7K
$446.9K – $595.8K
NOI $35,749 @ 7.0% cap · market cap 5.11%
Second Best
Warehouse
$483.9K
$423.4K – $564.6K
NOI $33,874 @ 7.0% cap · market cap 4.85%
Theoretical Best
Specialty Retail
$910.2K
$796.4K – $1.06M
NOI $63,714 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Fee-simple industrial condominium with ground-level warehouse space and permitted mezzanine, plus three parking spaces.
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 $699,000.
What are key features of this property?
This property features: Fee‑simple industrial condominium in Kihei Commercial Plaza, Building 1; Unit 115 has approx. 2,250 SF permitted interior area: approx. 1,125 SF ground‑level warehouse and 825 SF permitted mezzanine; Additional mezzanine area approx. 300 SF; buyer to verify permits and compliance
