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    Hana Hwy & Dairy Rd Kahului, HI 96732
    Property profile & analytics

    Hana Hwy & Dairy Rd, Kahului, HI 96732

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    • Land
    • 1.98 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hana Hwy & Dairy Rd

    Lot size
    1.98 lot acres
    Property type
    Land

    Description

    This exceptional 1.983-acre commercial lot is situated in the thriving Maui Business Park, Kahului, HI 96732, at the intersection of Hana Hwy and Dairy Rd. Priced at $4,232,595 ($49/sq ft), this M-1 zoned land offers diverse development potential, including warehousing, distribution, light manufacturing, retail, and office uses. The property benefits from completed infrastructure, including underground utilities, a dual water system (potable and non-potable), and county sewer service. Its location within Kahului's Opportunity Zone provides attractive tax deferral incentives. The Maui Business Park boasts a master-planned design, landscape guidelines, and maintained common areas. Enjoy easy access to Kahului Harbor and Airport, providing seamless island-wide connectivity. This lot is part of a larger development featuring 81 fee simple lots and 22 condominium units, ensuring a vibrant and established business environment. The major arterial road connecting Hana Hwy to Ho`okele Street, complete with a signalized intersection, ensures excellent accessibility. This is a rare opportunity to acquire a strategically located commercial lot in a thriving Maui business park.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kahului
    County
    Maui
    State
    Hawaii
    Longitude
    -156.453
    Latitude
    20.8855

    Comparable in this City

    • Value Estimation by Request

      Maui Lani Vlg Ctr

      Land
      0 Maui Lani Vlg Ctr, Kahului, HI 96732
      View Details
    • Value Estimation by Request
      0.56 Acres

      Ho'okele St

      Land
      0 Ho'okele St, Kahului, HI 96732
      View Details
    • Value Estimation by Request

      Maui Lani Vlg Ctr

      Land
      0 Maui Lani Vlg Ctr, Kahului, HI 96732
      View Details
    • Value Estimation by Request
      1.33 Acres

      Hana Hwy & Dairy Rd

      Land
      0 Hana Hwy & Dairy Rd, Kahului, HI 96732
      View Details
    • Value Estimation by Request

      79 - Maui Lani Vlg Ctr

      Land
      79 - Maui Lani Vlg Ctr, Kahului, HI 96732
      View Details
    • Value Estimation by Request
      192.00 Acres

      Mauilani Pkwy

      Multifamily properties
      0 Mauilani Pkwy, Kahului, HI 96732
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Entitled Land Ready-to-Build

      Fully entitled land with utilities ready for development.
      77 Waiale Rd & Kuikahi Dr, Kahului, HI 96732
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      Land with Approved Building Plans

      Land with permits for office and warehouse construction included.
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      Entitled Land Ready-to-Build

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      Maui Business Park Opportunities

      Fee simple lots and condominium units for sale.
      Hana Hwy & Dairy Rd, Kahului, HI 96732
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    • Contact for pricing

      VMX Zoned Land For Sale

      Commercial land with multiple business use options available.
      VMX Zoned Lots Maui Lani Vlg Ctr, Kahului, HI 96732
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      Maui Business Park Land Parcels

      Fee simple lots and condominium units in Maui Business Park.
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    Similar Nearby for Lease

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      Kahului Yard Space For Lease

      Available yard spaces for lease in central Kahului location.
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      Kahului Office Building For Rent

      Three-story office building in central Kahului with ocean and mountain views.
      140 Hoohana St, Kahului, HI 96732
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      Kahului Office/Retail/Medical Space Available

      Prime lease opportunity with parking in Kahului, Hawaii.
      27 Puunene Ave, Kahului, HI 96732
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      Kahului Office Space Available

      Office space for rent in the heart of Kahului.
      251 Lalo St, Kahului, HI 96732
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    Kahului, HI 96732
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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.

    More about this property
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