Technical
Financial
Distress signals
Property profile

1280 S Kihei Rd Kihei, HI 96753

FOR LEASE
Outlet malls
Property ID
US24-0136512
15,034 SF 0.92 ac lot Built 1983
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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1280 S Kihei Rd, Kihei, HI 96753 For Lease
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1280 S Kihei Rd, Kihei, HI 96753
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Property summary

AI-generated overview

This exceptional Kihei, Maui investment opportunity presents the Azeka Makai Shopping Center, a multi-building retail, restaurant, and office complex totaling 68,726 square feet. Situated on 5.27 acres at 1280 S Kihei Rd, 96753, this property boasts a prime location along South Kihei Road, ensuring high visibility and accessibility. Built in 1980 and renovated in 1983, the center comprises four three-story buildings with elevators, offering 12 available spaces ranging from 540 to 3,600 square feet. Currently, there is 10,156 square feet of vacant space. The property benefits from ample on-site parking for tenants and customers, along with an on-site security team. Strong anchor tenants include Bank of Hawaii, the Post Office, and established local restaurants, contributing to a thriving and stable tenant mix. This well-maintained property presents a compelling investment opportunity in a high-demand location. The property's central location in the heart of Kihei, combined with its strong tenant base and ample parking, makes it an attractive proposition for investors seeking a stable and high-growth potential asset in the vibrant Maui market.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1983
Construction WOOD
Total area 15,034 SF
Lot 0.92 ac (40,050 SF)
Zoning code A-1
APN 3-9-008-028
UPID US24-0136512

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Building Supply Hardware & Home Improvement
  • Loan Service Bank
  • Dental Office
  • Dental Office

Location

1280 S Kihei Rd Kihei, HI 96753
Kihei metro Census 30713 KAHULUI-WAILUKU, HI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.53M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.22M

Owner & transaction history

since 2015
7 recorded transactions
2020
Price N/A
2015
Price N/A
2014
Price N/A
2014
Price N/A
2013
Price N/A
2012
Price N/A
2009
Price N/A

Zoning & alternative use

A-1 · Kihei, HI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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