Property profile

41-37 Wailea St Waimanalo, HI 96795

FOR SALE
Commercial real estate
Property ID
US24-0388545
552 SF 0.27 ac lot Built 1955
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1955
Total area 552 SF
Lot 0.27 ac (11,741 SF)
Zoning code B-1
APN 1-4-1-004-009
UPID US24-0388545

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

41-37 Wailea St Waimanalo, HI 96795
Waimanalo metro Census 940003 URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

B-1 · Waimanalo, HI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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