Kihei Commercial Plaza Industrial
330 Ohukai Rd #Unit 115 Kihei, HI 96753
330 Ohukai Rd #Unit 115, Kihei, HI, 96753
$725,000
For Sale
$725,000
M-1 zoned industrial condo in central Kihei location.
Property Size1,950 SF
Price / SF$371.79
Days on Market147
Property Features for 330 Ohukai Rd #Unit 115
General Information
- Standard status
- Active
- Size
- 1,950 SF
- Property subtype
- Commercial
Listing Agency
COMMERCIAL PROP OF MAUI LLC
(808) 244-2200
Listed by
JON MCCABE RS-81707
Source
Corcoran
Added: Feb 24 Updated: Jul 10 at 3:46 pm Checked: Jul 20 at 3:23 am
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.
Located in Kihei Commercial Plaza, this fee simple M-1 industrial condo, Unit 115, features a permitted interior area of 1,950 square feet. The layout includes 1,125 square feet of ground floor warehouse space and an 825-square-foot permitted mezzanine, along with an additional approximately 300 square feet of mezzanine area. The M-1 zoning allows for contractor, service, light industrial, warehouse, distribution, repair, and retail uses. The property includes three parking stalls and two restrooms, one upstairs and one downstairs. The location is in central Kihei, providing easy access. AOAO dues are approximately $650 per month, covering water and trash services.
Key Highlights
- 1,950 SF permitted interior area with warehouse and mezzanine space, plus approx. 300 SF additional mezzanine.
- M‑1 zoning allows for a variety of uses including contractor, service, light industrial, and retail.
- Central Kihei industrial location with easy access.
Local Financial Insights For Flex RnD
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 | $49.1k | $25.20 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $47.7k | $24.44 |
| − OpEx | −$16.7k | −$8.56 |
| NOI | $31.0k | $15.89 |
1,950 SF · lease $25.20/SF/yr · vacancy 3.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$442.6K
$387.3K – $516.4K
NOI $30,983 @ 7.0% cap · market cap 4.27%
Second Best
Warehouse
$419.4K
$367.0K – $489.3K
NOI $29,358 @ 7.0% cap · market cap 4.05%
Theoretical Best
Specialty Retail
$788.8K
$690.2K – $920.3K
NOI $55,219 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - M-1 zoned industrial condo in central Kihei location.
Where is this flex space located?
The property is located at 330 Ohukai Rd #Unit 115 Kihei, HI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,950 SF permitted interior area with warehouse and mezzanine space, plus approx. 300 SF additional mezzanine.; M‑1 zoning allows for a variety of uses including contractor, service, light industrial, and retail.; Central Kihei industrial location with easy access.
