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    Kihei Retail and Restaurant Space Title is generated by Realmo AI

    1941 S Kihei Rd, Kihei, HI 96753

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    Retail and restaurant spaces available in Kihei shopping center.

    Type:Retail, Restaurant
    Added:
    Mar 6, 2023
    Days on Market:
    1185
    Last Refresh:
    May 12 at 9:38 pm

    Property Features for 1941 S Kihei Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    1944

    Spaces For Lease

    at 1941 S Kihei Rd Contact us

    1913 F&G $7/Mo

    Size
    1,269 SF
    Type
    Retail, Restaurant
    Prime space for a retail or restaurant business, with great street visibility. Includes...
    show more
    Contact us

    Unit D3 $9/Mo

    Size
    180 SF
    Type
    Retail
    Contact us

    1913 N $7/Mo

    Size
    1,215 SF
    Type
    Retail, Restaurant
    Excellent location for retail or restaurant business in Kihei Kalama Village!
    Contact us

    1945 H $7/Mo

    Size
    5,900 SF
    Type
    Retail, Restaurant
    Restaurant space of 5,900 SF available at Kihei Kalama Village! Open air space with...
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    Contact us

    Unit C3 $9/Mo

    Size
    153 SF
    Type
    Retail
    Come be a part of Kihei Kalama Village's open air marketplace! Great location for...
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    Contact us

    Unit B4 $9/Mo

    Size
    153 SF
    Type
    Retail
    Great kiosk space in Kihei Kalama Village open air pavilion marketplace. Perfect...
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    Contact us

    1913 M $7/Mo

    Size
    833 SF
    Type
    Retail, Restaurant
    Contact us
    Show more

    We can help!

    Listing Contact
    Evan Ketter

    Listing agent Evan Ketter License #RB24112

    Listing office MW Commercial Realty ,Inc

    Listing date Mar 6, 2023

    Source Crexi

    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 MW Commercial Realty ,Inc

    HighLights

    • Prime South Maui location in Kihei, a popular area for both locals and tourists.
    • Established retail center with over 50 shops.
    • Diverse dining options with 14 restaurants/bars.
    • Tourist shopping destination.
    • On‑site security team.
    • On‑site storage facility (additional fee).

    Overview

    This commercial center in Kihei features over 50 retail shops and 14 restaurants and bars. The location is a tourist shopping destination in South Maui. On-site amenities include a storage facility available for an additional fee and an on-site security team.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Kihei
    County
    Maui
    State
    Hawaii
    Longitude
    -156.451982
    Latitude
    20.731528

    Nearby Similar for Lease

    • $1,123/Mo
      465 SF

      Kihei Office Unit For Lease

      Professional office space in Kihei Gateway Center available for lease.
      375 Huku Lii Pl, Kihei, HI 96753
      View Details
    • $2 SF/Yr
      5,400 SF

      Kihei Retail Space For Rent

      Retail space available in Kamaole Shopping Center, Kihei's Gold Coast.
      2463 South Kihei Road, Kihei, HI, 96753
      View Details
    • Contact for pricing

      Restaurant Space in Kihei

      Fully built-out restaurant space with indoor and outdoor seating.
      1945 South Kihei Road, Kihei, HI 96753
      View Details
    • $21 SF/Yr

      Kihei Retail/Office Space Available

      Retail and office spaces for lease in central Kihei.
      1280 S Kihei Rd, Kihei, HI 96753
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and restaurant spaces available in Kihei shopping center.
    Where is this retail space located?
    The property is located at 1941 S Kihei Rd Kihei, HI.
    What is the lease rate?
    The lease rate is $90 SF/Yr.
    What are key features of this property?
    This property features: Prime South Maui location in Kihei, a popular area for both locals and tourists.; Established retail center with over 50 shops.; Diverse dining options with 14 restaurants/bars.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Evan Ketter
    Real Estate License ID: RB24112
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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