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    Property profile & analytics
    FOR SALE
    Retail space

    1005 Lower Main St, Wailuku, HI 96793

    11,748 SF Built 1982
    Entity Owned 8-yr Hold
    Property ID
    US24-Q000117
    Property summary
    AI-generated overview

    4.8 CAP - Currently leased at a One year term, with an option to renew for an additional year. Home to Maui’s own Home Maid Bakery for over 35+ years. Rarely available 10,564 sq ft metal frame building with 23 feet ceilings siting on 0.721 acres (31,428 sq ft) (TMK 049) of land in Wailuku which inc ... ludes the adjacent vacant land of 2.127 acres (61,242 sq ft) (TMK 048), zoned B-2 Business - Community & A-2 Apartment. Originally used and operated as a full-service bakery with industrial size walk in freezers, refrigerators, mixers ovens and commercial stainless-steel kitchen. Building consists of approximately 1,200 sq ft of existing retail space on the bottom floor with office space mezzanine directly above. HIGHLIGHTS • 200 solar panels 345 W (owned) producing 57.6 kw (AC) installed in 2017 reducing the existing electric bills. • Lower Main Street frontage (approximately 625 linear ft) • 15 paved parking stalls with additional parking on the adjacent vacant land SUMMARY • Offering Price: (2 parcels) $4,399,000 • 1005 Lower Main Street (SF): 10,564 (building) / 31,428 (land) TMK#'s (2)3-8-037-049 (B-2) • 955 Lower Main Street (SF): 61,242 (land) TMK#'s (2)3-8-037-048 (A-2)

    Property profile
    Verified
    Property type Retail space
    Year built 1982
    Total area 11,748 SF
    UPID US24-Q000117
    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
    First Hawaiian Bank · 8 yrs held
    First Hawaiian Bank
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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