Kailua Kona Medical Office
75-137 Hualalai Road Kailua Kona, HI 96740
75-137 Hualalai Road, Kailua Kona, HI, 96740
$2,700,000
For Sale
$2,700,000
Prime commercial opportunity in the heart of Kailua Kona.
Property Size5,400 SF
Lot Size0.76 Acres
Price / SF$500
Days on Market137
Property Features for 75-137 Hualalai Road
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 0.76 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1956
Listing agency
GO COMMERCIAL, LLC
(808) 987-6446
Listed by
Gregory Ogin · License #HI #RB-16053
(808) 987-6446
Source
Svn
Added: Mar 6 Updated: Jul 6 at 10:48AM Checked: Jul 21 at 3:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GO COMMERCIAL, LLC
Investment Insights
Based on property information with market context.
This strategically located office building in Hawaii County, HI, offers an exceptional investment opportunity. The property features 5,400 SF of space and is currently 100% occupied as a medical office. This presents a compelling opportunity for an office building owner-user or investor, as the current medical operation transitions to retirement. Constructed in 1956 and renovated in 1976, the two-story building sits on 33,118 square feet of fee simple land and is zoned V-.75, providing a flexible framework for various business ventures. The property is centrally located in the heart of Kailua Kona on Hualalai Road, across from the Kona Public Library. It benefits from high visibility and vehicle and foot traffic. The location is adjacent to Alii Drive and close to the ocean, restaurants, retailers, and professional businesses. Onsite, gated private parking is available for employees and customers, with the ability to create numerous parking stalls.
Key Highlights
- 100% Occupancy as a Medical Office: Provides immediate income.
- Prime Kailua Kona Location: Centrally located with high visibility.
- Large Fee Simple Land Parcel: 33,118 square feet offers potential.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.9k | $22.20 |
| − Vacancy | −$17.4k | −$3.22 |
| EGI | $102.5k | $18.98 |
| − OpEx | −$25.6k | −$4.75 |
| NOI | $76.9k | $14.24 |
5,400 SF · lease $22.20/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$960.9K – $1.28M
NOI $76,873 @ 7.0% cap · market cap 2.85%
Second Best
Healthcare Medical
$1.07M
$933.9K – $1.25M
NOI $74,708 @ 7.0% cap · market cap 2.77%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $129,004 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kona-Kohala Health Care ...
Medical Clinic
Dr. Donald K. ...
Physician
75-137 Hualalai Rd ...
Parking Lot & Garage
Kona Free Parking
Parking Lot & Garage
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Prime commercial opportunity in the heart of Kailua Kona.
Where is this medical office space located?
The property is located at 75-137 Hualalai Road Kailua Kona, HI.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 100% Occupancy as a Medical Office: Provides immediate income.; Prime Kailua Kona Location: Centrally located with high visibility.; Large Fee Simple Land Parcel: 33,118 square feet offers potential.
