161 Wailea Ike Pl Ste A101 Kihei, HI 96753-6502
This exceptional 800-square-foot commercial condominium in the prestigious Wailea Town Center offers a rare opportunity for business ownership in Kihei, Maui. Located in Unit A-102, this property boasts prime visibility with exposure on two facades – one facing all incoming traffic to the center and the other directly across from the Wailea Wine store. Benefit from excellent neighboring businesses, including Dr. Martin Dermatology, Wailea Suites, and Matteo's Osteria, ensuring high foot traffic and brand synergy. The unit features high-end finishes such as large-format polished stone-like porcelain tile floors and central air conditioning. A functional layout includes an en-suite bathroom, a private interior office, and a conference room, providing ample space for various business needs. The property also includes a solar electricity system, offering potential energy cost savings. This is a unique chance to own a piece of Maui's thriving commercial real estate market, with the added benefit of potential tax advantages through depreciation write-offs. The seller is open to participating in an IRC 1031 exchange and will consider a leaseback arrangement. The property sits on a 4.16-acre lot. The asking price is $1,045,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
2 · Kihei, HIKihei. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.