41-37 Wailea St, Waimanalo, HI 96795-1619
This exceptional Waimanalo commercial property, located at 41-37 Wailea Street, presents a unique investment opportunity. The expansive 19,569 square-foot lot, situated on Kalanianaole Highway, enjoys high visibility and significant traffic from both locals and tourists. The property includes a thriving existing business, providing immediate income potential. Ample on-site parking ensures customer convenience. A three-bedroom residence is attached to the main commercial building, offering the possibility of live-work arrangements or generating additional rental income. A vacant portion of the 0.27-acre lot allows for expansion of the existing business, the addition of complementary services, or the development of entirely new income streams. The property's strategic location, just minutes from Waimanalo Beach Park, guarantees consistent pedestrian and vehicular traffic, maximizing exposure and customer reach. The 552 square-foot main building is complemented by the substantial lot size, making this a versatile property suitable for a wide range of commercial ventures. This prime location and the existing infrastructure create a compelling opportunity for investors seeking a high-return investment with significant upside potential. The combination of a successful business, residential space, and ample room for expansion makes this a truly remarkable offering in the desirable Waimanalo market. The asking price is $3,500,000.
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
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Waimanalo, HIWaimanalo. 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.