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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2200 Main St Wailuku, HI 96793-1681

    • Office buildings
    • 5,908 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    $2,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US24-0014662
    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

    • Maui County Film Office / Film Production / Television Studio
    • Glick Design / Marketing & Advertising / Advertising Agency
    • Maui County Planning Department / County Government Office
    • One Main Plaza / Business Service Center / Corporate Office
    • Maui Immigrant Services / County Government Office

    Property Details for 2200 Main St

    Year built
    1989
    Lot size
    0.84 lot acres
    Property size
    5,908 SF
    Zone code
    B-2
    Property type
    Office buildings
    APN
    3-4-014-007
    APU
    34014007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,090,000
      6.5%
      $1,930,000
      7%
      $1,790,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,289,000
      Market price range: $1.35M - $2.29M
      AI Estimate
      $2,057,000
      Market price range: $771k - $2.06M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,740,000
      Current use
      RETAIL STORES
      $2,845,000
      Change: +63% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,810,000
      Change: +61% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,600,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.505
    Latitude
    20.8875
    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
    $54,968
    $1,950,500
    $19,778,700
    $21,729,200
    -
    $1,950,500
    $19,778,700
    $21,729,200

    Comparable in this City

    • Value Estimation
      $835,000
      2,360 SF

      2005 Main St

      OFFICE BUILDING • 2,360 SF
      2005 Main St, Wailuku, HI 96793-1648
      View Details
    • Value Estimation
      $1,310,000
      4,000 SF

      1935 Main St

      OFFICE BUILDING • 4,000 SF
      1935 Main St, Wailuku, HI 96793-1784
      View Details
    • Value Estimation by Request
      554 SF

      1063 Lowr Main St Ste C206

      OFFICE BUILDING • 554 SF
      1063 Lowr Main St Ste C206, Wailuku, HI 96793-2052
      View Details
    • Value Estimation
      $1,435,000
      4,060 SF

      305 High St, Unit C644

      OFFICE BUILDING • 4,060 SF
      305 High St, Wailuku, HI 96793-2100
      View Details
    • Value Estimation by Request
      554 SF

      1063 Lowr Main St Ste C220

      OFFICE BUILDING • 554 SF
      1063 Lowr Main St Ste C220, Wailuku, HI 96793-6006
      View Details
    • Value Estimation
      $2,125,000
      7,932 SF

      200 Halewaiu Rd

      OFFICE BUILDING • 7,932 SF
      200 Halewaiu Rd, Wailuku, HI 96793-5746
      View Details

    Similar Nearby for Sale

    • $6,500,000
      4,677 SF

      Wailuku Mixed-Use Portfolio

      Five fee-simple properties, high NOI.
      1980 Main St, Wailuku, HI 96793
      View Details
    • $899,000

      Refurbished Wailuku Office/Residential Property

      Refurbished Wailuku property suitable for office or residential use.
      1930 E Vineyard St, Wailuku, HI 96793
      View Details
    • $1,499,000
      0.18 Acres

      Wailuku Commercial Property with Buildings

      Unique Wailuku property featuring residential and commercial buildings.
      257 Market St, Wailuku, HI 96793
      View Details
    • $1,000,000
      0.06 Acres

      Wailuku Audio Post-Production Studio

      Turnkey audio post-production studio in Wailuku, Maui with long-term leases.
      800 Eha St, Wailuku, HI 96793
      View Details
    • $30,000

      Wailuku Mixed-Use Industrial Property

      Mixed-use property with office, warehouse, mezzanine, and fenced yard.
      280 Imi Kala St, Wailuku, HI 96793
      View Details
    • $575,000

      Wailuku Corner End Office Unit

      Versatile Wailuku office unit with mountain views and dual-use potential.
      1129 E Lower Main St, Wailuku, HI 96793
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,000 SF

      Puuone Plaza: Wailuku Office Space

      Prime Wailuku Office & Retail Space Available
      1063 Lower Main St, Wailuku, HI 96793
      View Details
    • $42 SF/Yr
      7,624 SF

      Kehalani Village Center Office Suites

      Wailuku, HI Office Space Available
      284 Kehalani Village Dr, Wailuku, HI 96793
      View Details
    • $17 SF/Yr
      10,804 SF

      Wailuku Executive Office Space

      10,804 SF Mixed-Use Building, Maui
      280 Imi Kala St, Wailuku, HI 96793
      View Details
    • $783 /Mo

      Wailuku Office and Warehouse Space

      Office and warehouse space for lease in central Wailuku.
      1942 1-2, Wailuku, HI 96793
      View Details
    • $15 SF/Yr
      7,860 SF

      Wailuku Retail Space for Lease

      High-traffic Maui retail space available.
      775 Lower Main St, Wailuku, HI 96793
      View Details
    • Contact for pricing
      40,361 SF

      Wailuku Warehouse: Prime Industrial Space

      40,361 SF Warehouse, Ample Power, Maui
      790 Eha St, Wailuku, HI 96793
      View Details
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    Wailuku, HI 96793-1681
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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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