Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kahului Office/Retail/Medical Space Available Title is generated by Realmo AI

    27 Puunene Ave, Kahului, HI 96732

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime lease opportunity with parking in Kahului, Hawaii.

    Type:Retail, Office
    Added:
    Dec 24, 2021
    Days on Market:
    1622
    Last Refresh:
    May 12 at 11:34 pm

    Property Features for 27 Puunene Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Spaces For Lease

    at 27 Puunene Ave Contact us

    Available Space $4/Mo

    Size
    1,198 SF
    Type
    Retail, Office
    1,198 SF Prime Office/Retail/Medical/QSR Lease opportunity with 6 parking stalls...
    show more
    Contact us

    We can help!

    Listing Contact
    Grant E. Howe

    Listing agent Grant E. Howe License #HI RB-12700

    Listing office Commercial Properties of Maui

    Listing date Dec 24, 2021

    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 Commercial Properties of Maui

    HighLights

    • Prime location on Pu'unene Ave with street frontage.
    • Suitable for Office/Retail/Medical/QSR use.
    • Includes 6 allocated parking stalls.
    • Shares building with Finance Factors and Finance Insurance.
    • Negotiable Tenant Improvement (TI) allowance.
    • Loft condition allows for custom build‑out.

    Overview

    This commercial space presents a prime leasing opportunity suitable for office, retail, medical, or quick-service restaurant (QSR) use. The property benefits from street frontage on Pu'unene Avenue and shares a building with Finance Factors and Finance Insurance. The unit is currently in loft condition, requiring build-out by the prospective tenant in accordance with County of Maui building permit and planning requirements. Six parking stalls are allocated to the unit. A negotiable tenant improvement (TI) allowance is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Finance Factors Bank

    Map

    City
    Kahului
    County
    Maui
    State
    Hawaii
    Longitude
    -156.4667149
    Latitude
    20.8906376

    Nearby Similar for Lease

    • $2,746/Mo

      Kahului Office Space Available

      Office space for rent in the heart of Kahului.
      251 Lalo St #B1/B2, Kahului, HI 96732
      View Details
    • $2 SF/Yr

      Kahului Office Building For Rent

      Three-story office building in central Kahului with ocean and mountain views.
      140 Hoohana Street, Kahului, HI 96732
      View Details

    FAQs

    What type of property is this?
    Office units - Prime lease opportunity with parking in Kahului, Hawaii.
    Where is this office units located?
    The property is located at 27 Puunene Ave Kahului, HI.
    What is the lease rate?
    The lease rate is $54 SF/Yr.
    What are key features of this property?
    This property features: Prime location on Pu'unene Ave with street frontage.; Suitable for Office/Retail/Medical/QSR use.; Includes **6 allocated parking stalls**.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Grant E. Howe
    Real Estate License ID: HI RB-12700
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    27 Puunene Ave, Kahului, HI 96732
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!