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

    45-428 Kamehameha Hwy Kaneohe, HI 96744

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,450,000

    Commercial property with development potential near major highways.

    Property Features for 45-428 Kamehameha Hwy

    General Information

    Standard status
    Active

    Building Details

    Year built
    1946

    We can help!

    Listing Contact
    Jordan P Chow
    Jordan P Chow
    Source: Corcoran

    Listing Agency: COLDWELL BANKER COMM REALTY Listing Agent: Jordan P Chow

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Property Near Hawaiian Memorial

    This legal non-conforming commercial property is situated directly across from the Hawaiian Memorial Park Cemetery. The location on Kamehameha Highway offers proximity to Likelike Highway and Pali Highway. The property includes three separate buildings, featuring a walk-in refrigerator, storage space, a warehouse, and a bathroom. There is a development opportunity, as the 11,086 square foot lot can be developed according to R-5 zoning standards. Note that the square footage does not match the Tax Map Key (TMK), and the address on the TMK does not reflect the address on the Postal Office. Buyers are advised to conduct their own due diligence. The flower shop is not included in the sale; only the building is being sold.
    Location Intelligence

    Current Use by Public Records

    Hāliipua Flowers & Things (Bike/Boat/Book/etc) Store

    Map

    City
    Kaneohe
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.798375
    Latitude
    21.405412

    Nearby Similar for Sale

    • $1,999,000

      Kaneohe Commercial Property with Dwelling

      Highly visible commercial property with live-work flexibility or rental income.
      47-723 Kamehameha Hwy, Kaneohe, HI 96744
      View Details
    • $1,710,000

      Kaneohe Four-Unit Multifamily Property

      Rare four-unit property with income potential in Kaneohe, Hawaii.
      47-325 Ahuimanu Rd, Kaneohe, HI 96744
      View Details
    • $2,950,000
      Pending

      Kaneohe Multifamily Investment Opportunity

      7.929 acre multifamily property with income potential in Kaneohe.
      47-649 Lamaula Rd, Kaneohe, HI 96744
      View Details
    • $1,795,000
      1,836 SF

      Renovated Duplex in Kaneohe

      Legal duplex with new renovations and large lot in Kaneohe.
      45-217 Kailiwai Pl, Kaneohe, HI 96744
      View Details
    • $3,700,000

      Kaneohe Care Home Opportunity

      Care home property with expansion potential in Ahuimanu neighborhood.
      47-410 Ahuimanu Rd, Kaneohe, HI 96744
      View Details
    • $1,475,000

      Kaneohe Multi-Family Investment Opportunity

      Two homes on a large lot in convenient Kaneohe location.
      45-519 Kamehameha Hwy, Kaneohe, HI 96744
      View Details
    • $1,475,000
      1,936 SF

      Kaneohe Multi-Family Property For Sale

      Two homes on a large lot in Kaneohe, Hawaii.
      45-519 Kamehameha Hwy, Kaneohe, HI 96744
      View Details
    • $3,500,000

      Kaneohe Apartment Building Opportunity

      10-unit apartment building in Kaneohe, ready for renovation or redevelopment.
      45-245 Iole St, Kaneohe, HI 96744
      View Details
    • Contact for pricing

      Retail or Office Commercial Space

      Commercial space suitable for retail or office business.
      45-1127 Kamehameha Hwy, Kaneohe, HI 96744
      View Details
    • Contact for pricing

      Kaneohe Restaurant Opportunity For Sale

      Restaurant in Kaneohe Shopping Center with secure lease through 2030.
      45-934 Kamehameha Hwy, Kaneohe, HI 96744
      View Details
    • $1,520,000
      2,220 SF

      Kaneohe Mixed-Use Commercial Property

      High-traffic location, development potential.
      45-428 Kamehameha Hwy, Kaneohe, HI 96744
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property with development potential near major highways.
    Where is this commercial land located?
    The property is located at 45-428 Kamehameha Hwy Kaneohe, HI.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Excellent commercial location on Kamehameha Hwy, close to Likelike Hwy and Pali Hwy.; - Legal non-conforming commercial property.; - Development opportunity: **11,086 sq ft lot can be developed by R-5 zoning standards.**
    (808) 392-1906
    Request Owner's contact information
    45-428 Kamehameha Hwy Kaneohe, HI 96744
    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.
    45-428 Kamehameha Hwy
    Kaneohe, HI 96744
    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
    45-428 Kamehameha Hwy Kaneohe, HI 96744
    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

    We can help!
    Listing Contact
    Jordan P Chow
    Jordan P Chow
    Real Estate License ID: RB-21901
    (808) 392-1906 (808) 596-0456 (808) 946-3222
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!