Hotel Suite with Black Rock
For Sale
$60,000
Pending
608-t-2481 Kaanapali Pkwy, Lahaina, HI 96761
One-bedroom, two-bath interval suite with tile floors, granite counters, and stainless steel appliances.
Property Size905 SF
Days on Market269
Property Features for 608-t-2481 Kaanapali Pkwy
General Information
Standard status
Pending
Size
905 SF
Property subtype
Residential Income
Zoning
hotel
Amenities
ocean view pool
state of the art workout facility
underground parking
tennis courts
business center
Beachside BBQs
on-site concierge services
beach activity kiosk
lush courtyard featuring tropical landscaping and a Koi fish pond
Listing Agency:
Keller Williams Realty Maui-L
Listed By:
Katie Zimmerman RS-75832
(808) 280-8986
Source:
Exprealty
Added: Feb 8
Changed: Oct 26
Last Checked: Nov 3 at 7:06AM
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 Keller Williams Realty Maui-L
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 905-square-foot hotel-zoned interval suite at The Whaler includes one bedroom, two bathrooms, tile flooring, hardwood cabinetry, granite countertops, and stainless steel appliances. The ownership interval provides annual use from September 20 through October 4, with housekeeping, unit and building maintenance, grounds care, property taxes, and reserve-fund contributions included in the maintenance-fee structure.
The Whaler occupies a beachfront setting along Kaanapali Beach and provides access to an ocean-view pool, fitness facility, tennis courts, underground parking, business center, beachside BBQ areas, concierge services, and a beach activity kiosk. The property also features tropical courtyard landscaping and a koi pond. Black Rock, shopping, dining, and championship golf courses are nearby.
The Whaler occupies a beachfront setting along Kaanapali Beach and provides access to an ocean-view pool, fitness facility, tennis courts, underground parking, business center, beachside BBQ areas, concierge services, and a beach activity kiosk. The property also features tropical courtyard landscaping and a koi pond. Black Rock, shopping, dining, and championship golf courses are nearby.
Key Highlights
- 905‑square‑foot hotel‑zoned interval suite
- Annual use from September 20 through October 4
- One bedroom and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,416
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$108,320
$108.3K
Cap Rate 7%
$77,371
$77.4K
Cap Rate 9%
$60,178
$60.2K
Market Conditions
NOI Build-Up for 905 SF
Gross rent
$19.0K $21.00/SF
− Vacancy
−$7.6K −$8.40/SF
EGI
$11.4K $12.60/SF
− OpEx
−$6.0K −$6.62/SF
NOI
$5.4K $5.98/SF
Area
Maui County, HI
Vacancy
40.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$108,320
Cap Rate 7%
$77,371
Cap Rate 9%
$60,178
Alternative Uses
Best Use
Hotel Hospitality
$77.4K
$67.7K – $90.3K
NOI $5,416 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$366.1K
$320.3K – $427.1K
NOI $25,627 @ 7.0% cap · market cap 42.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Demographics for 96761, HI
23,167
Population
11,851
Households
2
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
95.3 sq mi
ZIP Area
243
Density / Sq Mi
$94,229
Median Household Income
$45,107
Median Earnings
$2,099
Median Rent
$905,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Hotel - One-bedroom, two-bath interval suite with tile floors, granite counters, and stainless steel appliances.
Where is this hotel located?
The property is located at 608-t-2481 Kaanapali Pkwy Lahaina, HI.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: 905‑square‑foot hotel‑zoned interval suite; Annual use from September 20 through October 4; One bedroom and two bathrooms
