4-Unit Quadplex with Ocean
For Sale
$1,300,000
77-6573 Sea View Circle, Kailua Kona, HI 96740
Four separately metered units offer assigned parking, shared laundry, and additional storage for each residence.
Property Size3,344 SF
Price / SF$388.76
Days on Market30
Property Features for 77-6573 Sea View Circle
General Information
Standard status
Active
Size
3,344 SF
Property subtype
Multi-Family
Building Details
Year Built
1991
Listing Agency:
List Sotheby's Int'l Realty
(808) 698-6100
Listed By:
Scott Startsman
(808) 698-6100
Source:
Hiestates
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 26 at 12:40PM
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 List Sotheby's Int'l Realty
Investment Insights
Based on property information with market context.
This 4-unit quadplex contains approximately 3,344 square feet of interior living space on an 8,202 square foot lot. Built in 1991, the property includes four separate units with a combined total of 4 bedrooms and 4 bathrooms. Each residence has ocean views, one assigned parking stall, individual electrical metering, and dedicated additional storage. A brand-new roof and shared laundry facility are also in place.
The property is tenant occupied with established rental income and sits near the upper portion of Kona Sea View Lots. Its location provides access to Kailua-Kona town, shopping, dining, and the main highway, while the elevated setting offers cooler conditions. The address is 77-6573 Sea View Circle, Kailua Kona, HI 96740.
The property is tenant occupied with established rental income and sits near the upper portion of Kona Sea View Lots. Its location provides access to Kailua-Kona town, shopping, dining, and the main highway, while the elevated setting offers cooler conditions. The address is 77-6573 Sea View Circle, Kailua Kona, HI 96740.
Key Highlights
- 4‑unit property with 4 bedrooms and 4 bathrooms total
- Approximately 3,344 sq ft of interior living space on an 8,202 sq ft lot
- Ocean views from each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,147
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,002,940
$1.0M
Cap Rate 7%
$716,386
$716.4K
Cap Rate 9%
$557,189
$557.2K
Market Conditions
NOI Build-Up for 3,344 SF
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.
Gross rent
$74.2K $22.20/SF
− Vacancy
−$2.6K −$0.78/SF
EGI
$71.6K $21.42/SF
− OpEx
−$21.5K −$6.43/SF
NOI
$50.1K $15.00/SF
Area
Hawaii County, HI
Vacancy
3.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,002,940
Cap Rate 7%
$716,386
Cap Rate 9%
$557,189
Alternative Uses
Best Use
Multifamily LT 5
$716.4K
$626.8K – $835.8K
NOI $50,147 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$656.2K
$574.2K – $765.6K
NOI $45,933 @ 7.0% cap · market cap 3.53%
Theoretical Best
Specialty Retail
$1.14M
$998.6K – $1.33M
NOI $79,887 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96740, HI
38,234
Population
19,119
Households
2
Avg Household Size
45
Median Age
35%
College-Educated
94%
High-School Grad
242.4 sq mi
ZIP Area
158
Density / Sq Mi
$94,091
Median Household Income
$42,605
Median Earnings
$1,692
Median Rent
$730,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separately metered units offer assigned parking, shared laundry, and additional storage for each residence.
Where is this quadplex located?
The property is located at 77-6573 Sea View Circle Kailua Kona, HI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4‑unit property with 4 bedrooms and 4 bathrooms total; Approximately 3,344 sq ft of interior living space on an 8,202 sq ft lot; Ocean views from each unit
