Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    31 Wakea Ave Kahului, HI 96732-1303

    • Warehouses
    • 17,500 SF
    • 0.88 lot acres
    OFF-MARKET
    Last Sale
    Nov 16, 2022
    $3,700,000
    Value Estimations
    $3,575,000
    Show details
    Cap Rate Potential
    7.3%
    Warehouses
    Location Intelligence
    Property ID
    US24-0341596
    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

    • KAMP MUAI / Beverage Distributor / Beer Distributor

    Property Details for 31 Wakea Ave

    Year built
    1964
    Construction
    STEEL FRAME
    Lot size
    0.88 lot acres
    Property size
    17,500 SF
    Zone code
    M-2
    Property type
    Warehouses
    APN
    3-8-052-004
    APU
    38052004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,585,000
      ML approach
      $3,645,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,390,000
      6.5%
      $4,055,000
      7%
      $3,765,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,871,000
      Market price range: $2.87M - $7.72M

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

    Location Insight

    • Map
    • Local Demand
    City
    Kahului
    County
    Maui
    State
    Hawaii
    Longitude
    -156.478
    Latitude
    20.8879
    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
    $14,933
    $1,395,700
    $722,500
    $2,118,200
    -
    $1,395,700
    $722,500
    $2,118,200

    Comparable in this City

    • Value Estimation
      $415,000
      1,840 SF

      440 Alamaha St

      WAREHOUSE, STORAGE • 1,840 SF
      440 Alamaha St, Kahului, HI 96732-3419
      View Details
    • Value Estimation by Request
      42,501 SF

      120 Kane St

      WAREHOUSE, STORAGE • 42,501 SF
      120 Kane St, Kahului, HI 96732-1600
      View Details
    • Value Estimation by Request
      1,258 SF

      58 Hana Hwy

      WAREHOUSE, STORAGE • 1,258 SF
      58 Hana Hwy, Kahului, HI 96732-2105
      View Details
    • Value Estimation by Request
      6,123 SF

      4 Keolani Pl

      WAREHOUSE, STORAGE • 6,123 SF
      4 Keolani Pl, Kahului, HI 96732
      View Details
    • Value Estimation by Request
      104,100 SF

      269 Lalo St

      Distribution properties • 104,100 SF
      269 Lalo St, Kahului, HI 96732
      View Details
    • Value Estimation
      $5,330,000
      39,740 SF

      80 Hansen Rd

      WAREHOUSE, STORAGE • 39,740 SF
      80 Hansen Rd, Kahului, HI 96732
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.72 Acres

      Maui Business Park Land

      Industrial lots in prime Kahului location
      0 Hana Hwy & Dairy Rd, Kahului, HI 96732
      View Details
    • $395,000

      Established Screen Door Business Opportunity

      Profitable screen door business with growth potential in Kahului, HI.
      270 Lalo St, Kahului, HI 96732
      View Details
    • $6,800,000
      4.48 Acres

      Kahului Beach Rd Commercial Land

      4.48 Acres, Prime Maui Location
      65 Kahului Beach Rd, Kahului, HI 96732
      View Details
    • $16,416,000

      Maui Lani Village Center Lot

      Prime Kahului commercial land, ready to build.
      0 Maui Lani Vlg Ctr, Kahului, HI 96732
      View Details
    • $3,063,618
      1.33 Acres

      Maui Business Park Lot 19

      Prime Kahului Land, $3M+
      0 Hana Hwy & Dairy Rd, Kahului, HI 96732
      View Details
    • $6,762,675
      2.07 Acres

      Maui Mixed-Use Development Opportunity

      Prime Kahului location, 2.07 acres, fully entitled.
      Waiale St Unit 77, Kahului, HI 96732
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      4,428 SF

      Prime Alamaha Industrial Flex Space

      High-cube warehouse, excellent access.
      250 Alamaha St, Kahului, HI 96732
      View Details
    • $15,665 /Mo

      Wailuku Mixed-Use Industrial Opportunity

      Mixed-use building with industrial space, office, and large parking.
      280 Imi Kala St, Wailuku, HI 96732
      View Details
    • Contact for pricing
      30,780 SF

      Kahului Office Space for Lease

      Prime Kahului Office Suites Available
      140 Hoohana St, Kahului, HI 96732
      View Details
    • $3,956 /Mo

      Kahului Yard Space For Lease

      Available yard spaces for lease in central Kahului location.
      150 Hana Hwy, Kahului, HI 96732
      View Details
    • $54 SF/Yr
      7,093 SF

      Kahului Office/Retail Space Available

      Prime location, flexible space, great visibility.
      27 Puunene Ave, Kahului, HI 96732
      View Details
    • $2,746 /Mo

      Kahului Office Space Available

      Office space for rent in the heart of Kahului.
      251 Lalo St, Kahului, HI 96732
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31 Wakea Ave
    Kahului, HI 96732-1303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.