Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3531 RICE ST Lihue, HI 96766

    View on Map
    Claim this Listing
    For Sale
    $785,000

    LAND - Lihue, HI

    Lot size:
    0.14 Acres
    Added:
    Dec 8, 2025
    Days on Market:
    144
    Last Refresh:
    May 1 at 2:06 pm

    Property Features for 3531 RICE ST

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    C-N
    Standard status
    Active
    APN
    4320060270000
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3894

    We can help!

    Listing Contact
    Matthew G. Beall

    Listing agent Matthew G. Beall

    Listing office Hawaii Life 2555 Ala Namahana Parkway #A8, Hanalei, HI

    Listing date Dec 8, 2025

    MLS# 726149 Listing URL

    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.

    Overview

    Commercial Lot in Lihue, HI

    This vacant commercial lot in Lihu'e totals approximately 6,026 square feet. Zoned Commercial, the parcel is in a high-visibility location with exposure to street, mall, and pedestrian traffic, and allows for a variety of potential uses in accordance with county regulations. The property is located directly adjacent to Harbor Mall and is within walking distance of Nawiliwili Harbor, Anchor Cove, the Royal Sonesta, and Kalapaki Bay. This area sees steady activity from retail centers, harbor traffic, hotel guests, and cruise ship arrivals. Lihu'e functions as the island's primary commercial hub. Its location provides convenient access to surrounding businesses, harbor services, transportation routes, and nearby accommodations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lihue
    County
    Kauai
    State
    Hawaii
    Longitude
    -159.353195
    Latitude
    21.961784

    Nearby Similar for Sale

    • $500,000

      Vacant Lot in Central Lihue

      Prime commercial land in the heart of Lihue, Hawaii.
      RICE ST, Lihue, HI 96766
      View Details
    • $700,000

      Vacant Land in Central Lihue

      3.34 acres of land in the heart of Lihue.
      RICE ST, Lihue, HI 96766
      View Details
    • $500,000

      Vacant Lot in Lihue

      Vacant lot in the heart of Lihue, close to amenities.
      3607-C RICE ST, Lihue, HI 96766
      View Details
    • $500,000

      Vacant Land in Central Lihue

      Prime vacant lot in Lihue, close to amenities.
      RICE ST, Lihue, HI 96766
      View Details
    • $300,000

      Vacant Lot in Lihue

      Vacant land for sale in the heart of Lihue.
      RICE ST, Lihue, HI 96766
      View Details
    • $999,000

      Lihue Land Parcel For Sale

      7+ acre Lihue parcel near Kalapaki Bay.
      KAHUMOKU RD unit: 6, Lihue, HI 96766
      View Details
    • $1,150,000

      Ocean View Homesite in Hokuala

      0.57-acre homesite with ocean views in a resort community.
      POHAIULA PL, Lihue, HI 96766
      View Details
    • $10,000,000
      48,505 SF

      Kauai Retail Investment Opportunity

      Fee simple ground leased properties and multitenant commercial building for sale.
      3-3100 To 3-3142 Kuhio Highway, Lihue, HI, 96766
      View Details
    • $3,900,000
      12,008 SF

      Retail Space with High Visibility

      Retail space with easy highway access and ample parking.
      3366 Waapa Road, Lihue, HI, 96766
      View Details
    • $2,100,000

      Lihue Commercial Investment Opportunity

      Multi-tenant commercial property in Lihue, Kauai with stable cashflow.
      3-3204 Kuhio Hwy, Lihue, HI 96766
      View Details
    • $2,149,000
      7,920 SF

      Lihue Industrial Flex Space Available

      Industrial flex space with established tenant and investment potential.
      3048 AUKELE ST, Lihue, HI 96766
      View Details
    • $350,000

      Residential Lot in Central Lihue

      Vacant lot with house plans near shopping, dining, and beach.
      2928 WAA RD, Lihue, HI 96766
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant commercial lot near Harbor Mall and Nawiliwili Harbor.
    Where is this commercial land located?
    The property is located at 3531 RICE ST Lihue, HI.
    What is the asking price?
    The asking price for this property is $785,000.
    What are key features of this property?
    This property features: Prime Commercial Location: Adjacent to Harbor Mall in Lihu'e, the island's primary commercial hub.; High‑Visibility: Exposure to street, mall, and pedestrian traffic.; Walking Distance to Key Amenities: Close proximity to Nawiliwili Harbor, Anchor Cove, Royal Sonesta, and Kalapaki Bay.
    (800) 667-5028
    We can help!
    Listing Contact
    Matthew G. Beall
    Learn More
    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.
    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

    Thank You for Inquiry

    3531 RICE ST, Lihue, HI 96766

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!