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    Property profile & analytics

    145 Kihei Rd Kihei, HI 96753

    • Retail space
    • 3,072 SF
    For Sale
    View listing
    $248,000
    Last Sale
    Nov 25, 2022
    $897,500
    Value Estimations
    Cap Rate Potential
    8.4%
    Retail space
    Location Intelligence
    Property ID
    US24-0376800
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 145 Kihei Rd

    Year built
    1977
    Property size
    3,072 SF
    Zone code
    HM
    Property type
    Retail space
    APN
    3-8-013-014-0218
    APU
    380130140218

    Description

    This exceptional opportunity presents the chance to acquire a well-established restaurant and bar situated within the desirable Sugar Beach Resort in Kihei, Hawaii. Operating successfully for 25 years, Dina's Sandwich has cultivated a loyal following among tourists and locals alike, creating a strong foundation for continued success. The business boasts a cozy and inviting atmosphere, perfect for its current clientele. The property is located at 145 N Kihei Rd #3, Kihei, HI 96753, offering convenient ground-floor access and ample parking for patrons. The current lease includes a renewal option, providing security and flexibility for the new owner. While the listed square footage is 0 SF, the business occupies 1024 square feet. The asking price for this turnkey operation is $248,000, representing a compelling investment in a proven and profitable Maui business. This is a rare chance to own a piece of Kihei's vibrant culinary scene. The property is categorized as Special Purpose, offering a unique investment opportunity in a thriving tourist destination. The location, within the Sugar Beach Resort, ensures high visibility and consistent foot traffic. This established business is ready for a new owner to continue its legacy of success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $870,000
      ML approach
      $675,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,225,000
      6.5%
      $1,130,000
      7%
      $1,050,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $772,000
      Market price range: $773k - $2.72M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,340,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kihei
    County
    Maui
    State
    Hawaii
    Longitude
    -156.467
    Latitude
    20.7853
    CBSA code
    27980
    CBSA name
    KAHULUI-WAILUKU, HI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,280
    $555,200
    $317,600
    $872,800
    -
    $555,200
    $317,600
    $872,800

    Comparable in this City

    • Value Estimation
      $3,685,000
      11,208 SF

      300 Maalaea Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,208 SF
      300 Maalaea Rd, Kihei, HI 96753
      View Details
    • Value Estimation
      $1,730,000
      10,069 SF

      2411 Kihei Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,069 SF
      2411 Kihei Rd, Kihei, HI 96753-7201
      View Details
    • Value Estimation
      $1,685,000
      7,680 SF

      1279 Kihei Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,680 SF
      1279 Kihei Rd, Kihei, HI 96753-5228
      View Details
    • Value Estimation
      $525,000
      1,650 SF

      2665 Wai Wai Pl

      RETAIL STORES (PERSONAL SERVICES) • 1,650 SF
      2665 Wai Wai Pl, Kihei, HI 96753-8178
      View Details
    • Value Estimation
      $1,515,000
      8,917 SF

      1993 Kihei Rd, Unit 101

      RETAIL STORES (PERSONAL SERVICES) • 8,917 SF
      1993 Kihei Rd, Kihei, HI 96753-7834
      View Details
    • Value Estimation
      $2,180,000
      6,300 SF

      207 Piikea Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,300 SF
      207 Piikea Ave, Kihei, HI 96753-5243
      View Details

    Similar Nearby for Sale

    • $1,625,000

      Kihei Mixed-Use Retail/Warehouse Condominium

      Turnkey 4,081 SF commercial condominium in north Kihei for sale.
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      View Details
    • $665,000
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      Kihei Commercial Condominium with Warehouse

      Commercial condominium with storefront and functional roll-up warehouse space.
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    • $495,000

      Kihei Retail or Office Space

      Retail or office space near Kalama Park with reserved parking.
      1847 S Kihei Rd, Kihei, HI 96753
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    • $489,000
      0.87 Acres

      Kihei Retail/Office Space For Sale

      Ground-floor retail or office space in Kihei, across from the ocean.
      1847 S Kihei Rd, Kihei, HI 96753
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    • New
      $3,295,000
      4,740 SF

      Prime Kihei Commercial Property For Sale

      Established commercial property on South Kihei Road, excellent business location.
      1746-a S Kihei Rd, Kihei, HI 96753
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    • $499,000
      0.78 Acres

      Kihei Commercial Condo For Sale

      Upgraded commercial condo in Kihei Commercial Plaza with ample storage.
      340 Ohukai Rd, Kihei, HI 96753
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
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      Kihei Office Space for Lease

      Prime Kihei location, multiple units available.
      380 Huku Lii Pl, Kihei, HI 96753
      View Details
    • $96 SF/Yr
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      Kihei Kalama Village: Retail Opportunity

      Thriving Kihei retail center; 8 spaces available.
      1941 Kihei Rd, Kihei, HI 96753
      View Details
    • $21 SF/Yr
      68,726 SF

      Azeka Makai Shopping Center Investment

      Kihei, Maui retail & office space
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    • $24 SF/Yr
      45,199 SF

      Lipoa Center: Kihei Office Suites

      Prime Kihei office space, multiple suites available.
      41 Lipoa St, Kihei, HI 96753
      View Details
    • Contact for pricing
      170,034 SF

      Pulehunui Industrial Park Warehouses

      Maui Warehouse Space: 11,200 - 145,515 SF
      490 Nope St, Wailea-Makena, HI 96753
      View Details
    • $9,177 /Mo

      Kihei Industrial Land For Lease

      Gated baseyard space available in prime Kihei location.
      500 Welakahao Rd, Kihei, HI 96753
      View Details
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    145 Kihei Rd
    Kihei, HI 96753
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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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