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    251 Lalo St, Unit B1 Kahului, HI 96732
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    Property profile & analytics

    251 Lalo St, Unit B1 Kahului, HI 96732

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    • Warehouses
    • 2,016 SF
    • 2.89 lot acres
    For Lease
    $2,746/Mo
    View Listing →
    Kahului Office Space Available For Lease
    $2,746/Mo

    Kahului Office Space Available

    Office space for rent in the heart of Kahului.

    251 Lalo St #B1/B2, Kahului, HI 96732
    View Listing
    Property ID
    US24-0305885
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CookKwee's Maui Cookies / Specialty Food Shop
    • Oahu Plumbing & Sheet Metal / Hardware & Home Improvement / HVAC Service
    • Maui Stone / Kitchen & Bath Showroom / Furniture & Home Goods
    • Bikram Yoga Maui / Gym & Fitness Center
    • RightOnMaui / Auto Repair Shop

    Property Details for 251 Lalo St

    Year built
    1977
    Construction
    STEEL FRAME
    Lot size
    2.89 lot acres
    Property size
    2,016 SF
    Zone code
    M-2
    Property type
    Warehouses
    APN
    3-8-066-033
    APU
    38066033

    Description

    The Lalo Business Center, located at 251 Lalo St, Kahului, HI 96732, offers versatile commercial space ideal for businesses seeking office, warehouse, or flex space in Maui County. This multi-tenant building totals 8,209 square feet, with 3,216 square feet currently vacant and available for lease. Units range from a minimum of 1,019 square feet to a maximum contiguous space of 2,197 square feet, offering flexibility for various business needs. The property features convenient on-site parking and a shared loading dock, catering to both office and industrial operations. Second-floor office spaces are available, providing good visibility and accessibility. Electricity is separately metered for efficient cost management. This location in the heart of Kahului provides excellent access to local amenities and transportation networks. The property is classified as Office and Industrial, with subtypes including Executive Office, Warehouse, and Flex space, making it a truly adaptable solution for a wide range of businesses. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kahului
    County
    Maui
    State
    Hawaii
    Longitude
    -156.458
    Latitude
    20.8845
    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
    $60,485
    $3,680,100
    $4,899,400
    $8,579,500
    -
    $3,680,100
    $4,899,400
    $8,579,500

    Comparable in this City

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    Similar Nearby for Sale

    • Contact for pricing

      Central Kahului Mixed-Use Business Center

      Mix of warehouse, office, and retail units in central Kahului.
      170 E Wakea Ave, Kahului, HI 96732
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    • $7,200,000

      Kahului Industrial Warehouse Opportunity

      Industrial asset with expansion potential in Maui's supply-constrained submarket.
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      44,910 SF

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      Maui Business Park Land Parcels

      Fee simple lots and condominium units in Maui Business Park.
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      Maui Business Park Opportunities

      Fee simple lots and condominium units for sale.
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      Mixed-Use District in Central Maui

      Flexible mixed-use property suitable for various business purposes.
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    Similar Nearby for Lease

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      High-Cube Warehouse with Showroom

      Versatile warehouse space with showroom, office, and mezzanine storage.
      250 Alamaha St, Kahului, HI 96732
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    • $2,746 /Mo

      Kahului Office Space Available

      Office space for rent in the heart of Kahului.
      251 Lalo St, Kahului, HI 96732
      View Details
    • Contact for pricing

      Kahului Office/Retail/Medical Space Available

      Prime lease opportunity with parking in Kahului, Hawaii.
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      Kahului Office Building For Rent

      Three-story office building in central Kahului with ocean and mountain views.
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      Kahului Yard Space For Lease

      Available yard spaces for lease in central Kahului location.
      150 Hana Hwy, Kahului, HI 96732
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    View Listing
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    Kahului, HI 96732
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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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