Stand-Alone Medical Office
For Sale
$1,850,000
48 Paa St #Lot 59, Kahului, HI 96732
The building supports professional office activity with a Live/Work option in a Village Mixed Use setting.
Property Size2,820 SF
Lot Size0.22 Acres
Price / SF$656.03
Days on Market10
Property Features for 48 Paa St #Lot 59
General Information
Standard status
Active
Size
2,820 SF
Lot size
0.22 Acres
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
On Site
On Street
Unassigned
Building Details
Building Size
2,820 SF
Listing Agency:
COMMERCIAL PROP OF MAUI LLC
(808) 244-2200
Listed By:
GREGORY L. SHEEHAN RB-21591
(808) 250-0900
Source:
Corcoran
Added: Sep 26
Changed: Oct 4
Last Checked: Oct 4 at 10:26AM
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 fee-simple, stand-alone office property offers approximately 2,820 square feet of building area on a ±0.22-acre lot. Its professional and medical office profile includes Live/Work capability, within a Village Mixed Use setting that has established professional, medical, and retail uses.
The property is in Central Maui between Kahului and Wailuku. Maui Memorial Medical Center, Kahului Airport, and Kahului Harbor are nearby. The building is suited to owner-user or investment use.
The property is in Central Maui between Kahului and Wailuku. Maui Memorial Medical Center, Kahului Airport, and Kahului Harbor are nearby. The building is suited to owner-user or investment use.
Key Highlights
- Approximately 2,820 SF of building area
- ±0.22‑acre lot (±9,532 SF)
- Fee‑simple, stand‑alone office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,374
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,167,480
$1.2M
Cap Rate 7%
$833,914
$833.9K
Cap Rate 9%
$648,600
$648.6K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$101.5K $36.00/SF
− Vacancy
−$8.1K −$2.88/SF
EGI
$93.4K $33.12/SF
− OpEx
−$35.0K −$12.42/SF
NOI
$58.4K $20.70/SF
Area
Maui County, HI
Vacancy
8.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,167,480
Cap Rate 7%
$833,914
Cap Rate 9%
$648,600
Alternative Uses
Best Use
Mixed Use
$833.9K
$729.7K – $972.9K
NOI $58,374 @ 7.0% cap · market cap 3.16%
Second Best
Office B
$801.3K
$701.1K – $934.8K
NOI $56,090 @ 7.0% cap · market cap 3.03%
Theoretical Best
Specialty Retail
$1.14M
$998.2K – $1.33M
NOI $79,855 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 96732, HI
27,507
Population
8,728
Households
3.2
Avg Household Size
40
Median Age
26%
College-Educated
88%
High-School Grad
11.9 sq mi
ZIP Area
2,312
Density / Sq Mi
$94,360
Median Household Income
$45,071
Median Earnings
$1,479
Median Rent
$832,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - The building supports professional office activity with a Live/Work option in a Village Mixed Use setting.
Where is this office building located?
The property is located at 48 Paa St #Lot 59 Kahului, HI.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Approximately 2,820 SF of building area; ±0.22‑acre lot (±9,532 SF); Fee‑simple, stand‑alone office building
