New 2024 Industrial Flex
401 E Ahuliu Way Wailuku, HI 96793
401 E Ahuliu Way, Wailuku, HI, 96793
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For Sale
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Newly constructed 2024 small-bay industrial condos offer grade-level roll up doors, 22' clear height, and flexible unit configuration.
Property Size8,584 SF
Price / SF$489.28
Days on Market62
Property Features for 401 E Ahuliu Way
General Information
- Standard status
- Active
- Size
- 8,584 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2024
Listing agency
Commercial Properties of Maui
(808) 244-2200
Listed by
Jon McCabe · License #HI-27376
Source
Crexi
Added: May 22 Updated: Jul 22 at 6:46AM Checked: Jul 22 at 6:46AM
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.
Newly constructed in 2024, this industrial warehouse project consists of four separately condominiumized small bay units totaling approximately 8,584 SF. The property is designed for flexible occupancy, with the option for full contiguous use or future division into individual units. Warehouse improvements include approximately 27' center ceiling heights with approximately 22' clear height to steel.
The facility features modern fire suppression systems and Type II-B construction, with grade level roll up doors and 3-phase power throughout. Electrical service is provided via 2 electrical submeters servicing the current 4-bay configuration, and completed and permitted restroom plans are included. The building design also accommodates potential future mezzanine improvements.
The facility features modern fire suppression systems and Type II-B construction, with grade level roll up doors and 3-phase power throughout. Electrical service is provided via 2 electrical submeters servicing the current 4-bay configuration, and completed and permitted restroom plans are included. The building design also accommodates potential future mezzanine improvements.
Key Highlights
- Newly constructed in 2024: 4 separately condominiumized industrial small‑bay units totaling approx. 8,584 SF
- Flexible occupancy: use as fully contiguous space or future division into individual units
- Warehouse ceiling heights approx. 27' center with approx. 22' clear height to steel for light industrial, contractor, and distribution use
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 | $216.3k | $25.20 |
| − Vacancy | −$6.5k | −$0.76 |
| EGI | $209.8k | $24.44 |
| − OpEx | −$73.4k | −$8.56 |
| NOI | $136.4k | $15.89 |
8,584 SF · lease $25.20/SF/yr · vacancy 3.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.95M
$1.70M – $2.27M
NOI $136,388 @ 7.0% cap · market cap 3.25%
Second Best
Warehouse
$1.85M
$1.62M – $2.15M
NOI $129,234 @ 7.0% cap · market cap 3.08%
Theoretical Best
Specialty Retail
$3.47M
$3.04M – $4.05M
NOI $243,075 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Newly constructed 2024 small-bay industrial condos offer grade-level roll up doors, 22' clear height, and flexible unit configuration.
Where is this flex space located?
The property is located at 401 E Ahuliu Way Wailuku, HI.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Newly constructed in 2024: 4 separately condominiumized industrial small‑bay units totaling approx. 8,584 SF; Flexible occupancy: use as fully contiguous space or future division into individual units; Warehouse ceiling heights approx. 27' center with approx. 22' clear height to steel for light industrial, contractor, and distribution use
