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Property profile & analytics
OFF-MARKET Estimated value $1,750,000
Commercial real estate

161 Wailea Ike Pl Ste A101 Kihei, HI 96753-6502

6.39 ac lot
Entity Owned 1-yr Hold Free & Clear
Property ID
US24-0125351
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 6.39 ac (278,566 SF)
Zoning code 2
APN 2-1-008-103-0001
UPID US24-0125351
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
AI Approach AI
$1.75M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.75M
Owner & transaction history
Shafa LLC · 1 yrs held
Shafa LLC
since 2024
Last sale
$1.8M
3 recorded transactions
2024
$1.8M
2024
Price N/A
2021
$1.4M
Zoning & alternative use
2 · Kihei, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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