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Property profile & analytics
OFF-MARKET
Commercial real estate

1005 Lower Main St Wailuku, HI 96793

2.13 ac lot
Property ID
Property summary
AI-generated overview

This exceptional Wailuku commercial property presents a rare investment opportunity. The offering encompasses two parcels totaling 2.13 acres, featuring a substantial 10,564 square foot metal frame building situated on 0.721 acres (TMK 3-8-037-049, zoned B-2 Business - Community). The building, previously home to a thriving bakery for over 35 years, boasts 23-foot ceilings and approximately 1,200 square feet of ground-floor retail space with an upper-level office mezzanine. The property includes a fully equipped commercial kitchen with industrial-sized freezers, refrigerators, mixers, and ovens. A significant advantage is the 200-panel, 57.6 kW (AC) solar system installed in 2017, significantly reducing electricity costs. The property also benefits from approximately 625 linear feet of Lower Main Street frontage and 15 paved parking stalls. An adjacent vacant 2.127-acre parcel (TMK 3-8-037-048, zoned A-2 Apartment) offers substantial expansion potential. The combined offering price for both parcels is $4,399,000. This property is ideal for a variety of commercial uses, offering significant upside potential for a savvy investor.

Property profile
Verified
Property type Commercial real estate
Lot 2.13 ac (92,783 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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