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    1980 Main St Wailuku, HI 96793

    Sponsored
    For Sale
    $6,500,000

    Five fee-simple properties, high NOI.

    Property size:
    4,677 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial investment opportunity in Wailuku, Hawaii, presents five fee-simple properties totaling approximately 66,706 square feet of land. The portfolio includes three buildings with a combined square footage ranging from 4,677 to 7,899 square feet, offering versatile space adaptable to creative office, storefront, or warehouse uses. Strategically located on Main Street, the properties boast approximately 341 feet of frontage, placing them within walking distance of county and state buildings, and in the heart of Wailuku's central business district. The B-2 zoning allows for a variety of commercial mixed-use developments, further enhanced by the property's location within both the Wailuku Redevelopment Area and an opportunity zone. The portfolio's prime location offers close proximity to the hospital, police station, and UH Maui College, and benefits from the nearby new municipal county parking structure with 393 stalls. The current net operating income (NOI) is $393,779. This presents a compelling redevelopment opportunity, with the potential for a live/work development. The sale includes five Tax Map Keys (TMKs): (2) 3-4-012-004, (2) 3-4-012-006, (2) 3-4-012-016, (2) 3-4-012-017, and (2) 3-4-012-061. The asking price for this significant portfolio is $6,500,000.

    Property Features for 1980 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,677 SF

    Building Details

    Buildings
    3

    HighLights

    • $6,500,000 asking price for five fee simple properties.
    • Three buildings totaling 4,677 - 7,899 square feet.
    • 20,552 square foot lot with 341 feet of Main Street frontage.
    • B‑2 zoning in Wailuku's central business district, within a redevelopment area and opportunity zone.
    • Strong NOI of $393,779.
    • Excellent location near county and state buildings, hospital, police station, and UH Maui College.
    Property Profile Location Intelligence

    Current Use by Public Records

    Native Intelligence Hawaiian Goods Store Sugarcane Dane Food Manufacturer Curious Imorts Boutique

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.5013226
    Latitude
    20.8881118

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    FAQs

    What type of property is this?
    Individual retail property - Five fee-simple properties, high NOI.
    Where is this individual retail property located?
    The property is located at 1980 Main St Wailuku, HI.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: $6,500,000 asking price for five fee simple properties.; Three buildings totaling 4,677 - 7,899 square feet.; 20,552 square foot lot with 341 feet of Main Street frontage.
    Request Owner's contact information
    1980 Main St Wailuku, HI 96793
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1980 Main St Wailuku, HI 96793
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