Three-Tenant Storefront
For Sale
$349,950
15-2883 PAHOA VILLAGE RD, Pahoa, HI 96778
Commercial Sale, Pahoa, HI
Property Size1,144 SF
Lot Size0.24 Acres
Price / SF$305.90
Days on Market48
Property Features for 15-2883 PAHOA VILLAGE RD
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CV-10
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1
Subdivision
NANAWALE HOMESTEADS
Lot features
Cleared
Standard status
Active
APN
3150110100000
Size
1,144 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2955
Utilities
Utilities
Water Available
Sewer type
Cesspool
Water source
Public
Amenities
shared washer/dryer
laundry sink
covered lanai
garden
Building Details
Year built
1986
Flooring type
Carpet
Listing Agency:
Coldwell Banker Island Properties - Kona · Coldwell Banker Real Estate
(808) 875-7000
Listed By:
Felicia Frazer-Harms · License #RS-66974
(808) 936-2270
Added: Aug 22
Changed: Sep 16
Last Checked: Oct 8 at 5:06AM
MLS# 732636
Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,144-square-foot storefront property was built in 1986 and is configured for three established occupants: a tattoo parlor, barber shop and hair salon, and massage studio. The primary building includes a full bathroom and plumbing for a kitchen, while a rear cottage provides a second bathroom and is currently used as the massage studio. A breezeway connects the structures and includes shared laundry equipment and a laundry sink.
The property is located at 15-2883 Pahoa Village Rd in Pahoa, Hawaii, on a 0.239-acre lot. Setback from the road, the building provides customer parking while remaining visible from the street. The rear grounds include a covered lanai, sitting area, mature Hapu'u ferns, Anthuriums, avocado, tangerine, and apple banana trees. The property is zoned CV-10, with public water and cesspool service.
The property is located at 15-2883 Pahoa Village Rd in Pahoa, Hawaii, on a 0.239-acre lot. Setback from the road, the building provides customer parking while remaining visible from the street. The rear grounds include a covered lanai, sitting area, mature Hapu'u ferns, Anthuriums, avocado, tangerine, and apple banana trees. The property is zoned CV-10, with public water and cesspool service.
Key Highlights
- 1,144‑square‑foot commercial property on a 0.239‑acre lot
- Three established tenants: tattoo parlor, barber shop/hair salon, and massage studio
- CV‑10 Village‑Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,709
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,180
$494.2K
Cap Rate 7%
$352,986
$353.0K
Cap Rate 9%
$274,544
$274.5K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$37.8K $33.00/SF
− Vacancy
−$2.5K −$2.15/SF
EGI
$35.3K $30.86/SF
− OpEx
−$10.6K −$9.26/SF
NOI
$24.7K $21.60/SF
Area
Hawaii County, HI
Vacancy
6.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,180
Cap Rate 7%
$352,986
Cap Rate 9%
$274,544
Alternative Uses
Best Use
Retail
$353.0K
$308.9K – $411.8K
NOI $24,709 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$390.4K
$341.6K – $455.5K
NOI $27,330 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Demographics for 96778, HI
14,687
Population
6,814
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
211.5 sq mi
ZIP Area
69
Density / Sq Mi
$34,863
Median Household Income
$29,821
Median Earnings
$1,321
Median Rent
$241,200
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - CV-10 zoning and three established service businesses occupy a freestanding commercial property with customer parking and a rear cottage.
Where is this storefront property located?
The property is located at 15-2883 PAHOA VILLAGE RD Pahoa, HI.
What is the asking price?
The asking price for this property is $349,950.
What are key features of this property?
This property features: 1,144‑square‑foot commercial property on a 0.239‑acre lot; Three established tenants: tattoo parlor, barber shop/hair salon, and massage studio; CV‑10 Village‑Commercial zoning
