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

    75-137 Hualalai Rd Kailua Kona, HI 96740

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,200,000

    Prime commercial opportunity in Kailua Kona, 100% occupied medical office.

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Gregory Ogin
    Source: Svn-go

    Listing Agency: GO COMMERCIAL, LLC Listing Agent: Gregory Ogin

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

    Learn more

    Overview

    Kailua Kona Medical Office Building

    This 5,400 square foot office building is located in Hawaii County, in the heart of Kailua Kona on Hualalai Road, across from the Kona Public Library. Built in 1956 and renovated in 1976, the two-story building sits on 33,118 square feet of fee simple land. Zoned V-.75, the property offers a flexible framework for various business ventures. The property benefits from high visibility, vehicle traffic, and foot traffic. It is adjacent to Alii Drive and close to the ocean, restaurants, retailers, and professional businesses. The property is currently 100% occupied as a community medical office, presenting a compelling opportunity for an office building owner user or investor as the current medical operation transitions to retirement. Onsite, gated private parking is available for employees and customers, with the ability to create numerous parking stalls.
    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

    Map

    City
    Kailua Kona
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.985493
    Latitude
    19.635705

    Nearby Similar for Sale

    • New
      $950,000
      2,570 SF

      Remodeled Office Space, Kailua-Kona

      Prime, remodeled office space in the heart of Kailua-Kona.
      75-167 Hualalai Rd, Kailua Kona, HI 96740
      View Details
    • $849,000
      1,500 SF

      Kailua-Kona Commercial Property For Sale

      Commercial property in a busy industrial park near Costco.
      73-5568 Maiau St, Kailua Kona, HI 96740
      View Details
    • $1,200,000
      766 SF

      Alii Drive Commercial Space

      Turn-key commercial space on Alii Drive in Kailua-Kona.
      76-6246 Alii Dr, Kailua Kona, HI 96740
      View Details
    • $175,000
      1,770 SF

      Kailua-Kona Adventure Business Opportunity

      Established adventure business for sale in Kailua-Kona, Hawai'i.
      75-679 Paai Pl, Kailua Kona, HI 96740
      View Details
    • New
      $1,675,000
      3,930 SF

      Kailua-Kona Multi-Family Income Property

      Two updated homes on one lot with ocean and sunset views.
      73-1153 Ahikawa St, Kailua Kona, HI 96740
      View Details
    • $7,500,000
      25,770 SF

      Kailua-Kona Commercial Development Opportunity

      Two buildings totaling 25,770 SF on 1.38 acres.
      75-5699 Kopiko St, Kailua Kona, HI 96740
      View Details
    • New
      $1,675,000

      Updated Multi-Family Income Property

      Two updated homes on one lot with ocean views.
      73-1153 Ahikawa St, Kailua Kona, HI 96740
      View Details
    • $1,199,000
      1,918 SF

      Income-Producing Duplex in Kailua-Kona

      Duplex with rental potential near shopping, schools, and services.
      75-164 Lunapule Rd, Kailua Kona, HI 96740
      View Details
    • $1,700,000
      3,472 SF

      Kailua-Kona Home with Ocean Views

      Custom home with ocean views, apartment, and separate permitted Ohana.
      77-6451 Marlin Rd, Kailua Kona, HI 96740
      View Details
    • $995,000

      Kailua-Kona Retail Arcade Opportunity

      Prime retail space in the heart of Kailua-Kona's visitor district.
      75-5719 Alii Dr, Kailua Kona, HI 96740
      View Details
    • $995,000

      Kailua-Kona Retail Arcade For Sale

      Retail arcade in the heart of Kailua-Kona's visitor center.
      75-5719 Alii Dr, Kailua Kona, HI 96740
      View Details
    • Contact for pricing

      Kaloko Industrial Office Space For Sale

      Office space in Kaloko Industrial, ocean views, convenient location.
      73-5621 Maiau St, Kailua Kona, HI 96740
      View Details

    FAQs

    What type of property is this?
    Office building - Prime commercial opportunity in Kailua Kona, 100% occupied medical office.
    Where is this office building located?
    The property is located at 75-137 Hualalai Rd Kailua Kona, HI.
    What is the asking price?
    The asking price for this property is $3,200,000.
    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.; - Significant Land Size: 33,118 square feet offers potential.
    (808) 329-6446
    Request Owner's contact information
    75-137 Hualalai Rd Kailua Kona, HI 96740
    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.
    75-137 Hualalai Rd
    Kailua Kona, HI 96740
    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
    75-137 Hualalai Rd Kailua Kona, HI 96740
    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
    Gregory Ogin
    Real Estate License ID: #RB-16053
    (808) 329-6446 (808) 987-6446
    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!