Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1063 Lower Main St Wailuku, HI 96793
    Back to Search
    Property profile & analytics

    1063 Lower Main St, Wailuku, HI 96793

    View on Map
    • Retail properties & Spaces
    • 35,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Atrium Design Works / Big Box & Wholesale Store
    • Randall D J Yee DDS MSD Inc / Dental Office
    • Sakurai Mark D DDS / Dental Office
    • Ralph K. Kato, DDS, Inc. / Dental Office
    • Richard Rasmussen, DDS / Dental Office

    Property Details for 1063 Lower Main St

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Puuone Plaza offers exceptional office and retail leasing opportunities in the vibrant Lower Main Street, Wailuku location. This multi-tenant property boasts a total of 35,000 square feet, with 3,430 square feet currently available for lease across multiple spaces. The building is suitable for a variety of professional uses, including medical, creative, traditional, and executive offices. The property's versatile design caters to diverse business needs. The spacious lot encompasses 130,679 square feet, providing ample parking for tenants and visitors. Property taxes are assessed semiannually and charged to the tenant. Operating expenses are a reasonable $0.45 per square foot per month. The building is well-maintained and situated in a high-traffic area, ensuring excellent visibility and accessibility for your business. This is an exceptional opportunity to secure prime commercial space in a thriving Maui location. The property's diverse suite of office types makes it ideal for a range of businesses seeking a professional and convenient work environment. Contact us today to learn more about the available spaces and lease terms. APN numbers are (2) 3-8-037-050-0000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.489
    Latitude
    20.8989

    Comparable in this City

    • Value Estimation by Request
      8,227 SF

      737 Lower Main St

      Neighborhood centers
      737 Lower Main St, Wailuku, HI 96793
      View Details
    • Value Estimation
      $5,715,000
      42,672 SF

      55 Maui Lani Pkwy

      MEDICAL BUILDING
      55 Maui Lani Pkwy, Wailuku, HI 96793-2416
      View Details
    • Value Estimation by Request
      10,724 SF

      99 Market St

      MEDICAL BUILDING
      99 Market St, Wailuku, HI 96793-2200
      View Details
    • Value Estimation by Request
      5,000 SF

      80 Pakana St

      MEDICAL BUILDING
      80 Pakana St, Wailuku, HI 96793-8360
      View Details
    • Value Estimation by Request
      100 SF

      1831 Wili Pa Loop

      MEDICAL BUILDING
      1831 Wili Pa Loop, Wailuku, HI 96793-1273
      View Details
    • Value Estimation by Request
      2,532 SF

      1827 Wls St

      MEDICAL BUILDING
      1827 Wls St, Wailuku, HI 96793-2370
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Wailuku Investment Opportunity

      Five parcels in Wailuku available for redevelopment.
      1980 Main St, Wailuku, HI 96793
      View Details
    • Contact for pricing

      Wailuku Corner End Office Unit

      Versatile Wailuku office unit with mountain views and dual-use potential.
      1129 E Lower Main St, Wailuku, HI 96793
      View Details
    • $2,900,000

      Wailuku Commercial Property For Sale

      Versatile commercial property in Millyard Subdivision with excellent visibility.
      1866 Wili Pa Loop, Wailuku, HI 96793
      View Details
    • Contact for pricing
      11,748 SF

      Wailuku Mixed-Use Property with Bakery

      Mixed-use property with retail, office, and industrial space.
      1005 Lower Main St, Wailuku, HI 96793
      View Details
    • Contact for pricing

      Ma'alaea Harbor Village Commercial Lots

      Commercial lots near Maui's harbor, suitable for various businesses.
      Maalaea Rd, Wailuku, HI 96793
      View Details
    • $1,399,000
      1,090 SF

      Wailuku Commercial Property with Buildings

      Unique Wailuku property with residential and commercial potential.
      257 Market St, Wailuku, HI 96793
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wailuku Office and Retail Spaces

      Professional office and retail spaces for lease in Wailuku.
      1063 Lower Main St, Wailuku, HI 96793
      View Details
    • Contact for pricing

      Large Warehouse Space For Lease

      Warehouse space for lease in thriving retail center.
      790 Eha St, Wailuku, HI 96793
      View Details
    • Contact for pricing

      Kehalani Center Retail/Office Space

      Retail and office spaces available for lease in Wailuku.
      284 Kehalani Village Dr, Wailuku, HI 96793
      View Details
    • $2,618 /Mo
      18,914 SF

      New Office Spaces in Wailuku

      New office spaces for lease in Central Maui location.
      137 Maa St, Wailuku, HI 96793
      View Details
    • Contact for pricing

      Wailuku Mixed-Use Property For Lease

      Versatile mixed-use building with fenced parking and storage yard.
      280 Imi Kala St, Wailuku, HI 96793
      View Details
    • Contact for pricing

      Wailuku Office and Warehouse Space

      Office and warehouse space for lease in central Wailuku.
      1942 1-2, Wailuku, HI 96793
      View Details
    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.
    1063 Lower Main St
    Wailuku, HI 96793
    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
    1063 Lower Main St, Wailuku, HI, 96793
    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!