Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Maui Business Park Opportunities Title is generated by Realmo AI

    Hana Hwy & Dairy Rd, Kahului, HI 96732

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Fee simple lots and condominium units for sale.

    Type:Retail, Office, Industrial, Land
    Property size:
    57,804 SF
    Price / SF:
    $53/SF
    Added:
    Jan 31, 2022
    Days on Market:
    1584
    Last Refresh:
    May 12 at 9:19 pm

    Property Features for Hana Hwy & Dairy Rd

    General Information

    Standard status
    Active
    Size
    57,804 SF
    Property subtype
    Retail, Office, Industrial, Land

    We can help!

    Listing Contact
    William (Bill) Froelich JD SIOR CCIM
    William (Bill) Froelich JD SIOR CCIM

    Listing agent William (Bill) Froelich JD SIOR CCIM License #HI RB-21658

    Listing office Colliers - Honolulu, Hawaii

    Listing date Jan 31, 2022

    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 Colliers - Honolulu, Hawaii

    HighLights

    • Fee simple ownership of lots and condominium units within Maui Business Park.
    • M‑1 zoning allows for diverse uses including warehousing, distribution, light manufacturing, retail, and office.
    • Location within Kahului's Opportunity Zone offers potential tax deferral incentives.
    • Proximity to Kahului Harbor and Kahului Airport provides convenient access.
    • Immediate and easy access to all parts of Maui.
    • Infrastructure construction is complete with all improvements in place.

    Overview

    Alexander & Baldwin offers 81 fee simple lots and 22 condominium units for sale within the Maui Business Park. The available properties range from approximately 1/2 acre and larger. The M-1 zoning allows for warehousing, distribution, light manufacturing, as well as retail and office uses. The location within Kahului’s Opportunity Zone offers potential tax deferral incentives. Maui Business Park is situated near the Kahului Harbor and Kahului Airport, providing immediate and easy access to all parts of the island. This offering consists of three areas: the North Project (29 lots), the South Project (52 parcels), and the Ho`okele Condominiums (22 units). The infrastructure construction has been completed, with all improvements in place.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Kahului
    County
    Maui
    State
    Hawaii
    Longitude
    -156.456
    Latitude
    20.8774

    Nearby Similar for Sale

    • $395,000

      Established Screen Door Business Opportunity

      Profitable screen door business with growth potential in Kahului.
      270 Lalo St, Kahului, HI 96732
      View Details
    • $550,000
      4,500 SF

      Kahului Restaurant with Liquor License

      Turn-key Asian restaurant in Kahului with a liquor license.
      430 Kele St, Kahului, HI 96753
      View Details
    • $395,000

      Established Screen Door Business

      Locally-owned screen door business with over 20 years experience.
      270 Lalo St, Kahului, HI 96732
      View Details
    • $7,200,000
      12,000 SF

      Kahului Industrial Warehouse Opportunity

      Industrial asset with expansion potential in Maui's supply-constrained submarket.
      220 Lalo Street, Kahului, HI, 96732
      View Details
    • $3,675,000

      Surgical Facility in Central Maui

      Medical facility with surgical infrastructure in Kahului's business district.
      239 E Wakea Ave, Kahului, HI 96732
      View Details
    • $1,746
      3,066 SF

      Central Kahului Mixed-Use Business Center

      Mix of warehouse, office, and retail units in central Kahului.
      170 E Wakea Ave, Kahului, HI, 96732-2441
      View Details
    • $1,404,000

      Land with Approved Building Plans

      Land with permits for office and warehouse buildings included.
      24 Paa St #53A, Kahului, HI 96732
      View Details
    • $3,500,498

      Maui Business Park Opportunity

      Fee simple lots and condominium units in Maui Business Park.
      Hana Hwy & Dairy Rd, Kahului, HI 96732
      View Details
    • $989,000

      Mixed-Use District in Central Maui

      Flexible mixed-use property suitable for various business ventures.
      62 Laa St #Lot 17, Kahului, HI 96732
      View Details
    • $872,000

      Mixed-Use District in Central Maui

      Flexible mixed-use property suitable for various business ventures.
      58 Laa St #Lot 18, Kahului, HI 96732
      View Details
    • $981,500

      Mixed-Use District in Central Maui

      Flexible mixed-use property suitable for various business purposes.
      54 Laa St #Lot 19, Kahului, HI 96732
      View Details
    • $974,000

      Mixed-Use District in Central Maui

      Flexible mixed-use property suitable for various business purposes.
      50 Laa St #Lot 20, Kahului, HI 96732
      View Details

    FAQs

    What type of property is this?
    Commercial land - Fee simple lots and condominium units for sale.
    Where is this commercial land located?
    The property is located at Hana Hwy & Dairy Rd Kahului, HI.
    What is the asking price?
    The asking price for this property is $3,063,618.
    What are key features of this property?
    This property features: Fee simple ownership of lots and condominium units within Maui Business Park.; M‑1 zoning allows for diverse uses including warehousing, distribution, light manufacturing, retail, and office.; Location within Kahului's Opportunity Zone offers potential tax deferral incentives.
    (808) 870-1178 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing William (Bill) Froelich JD SIOR CCIM
    William (Bill) Froelich JD SIOR CCIM
    Real Estate License ID: HI RB-21658
    Learn More
    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
    Hana Hwy & Dairy Rd, Maui, 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!