Pahoa Village Commercial
15-2874 PAHOA VILLAGE RD 5, Pahoa, HI 96778
For Sale
Contact for pricing
High-traffic commercial complex in Pahoa Village with multiple businesses.
Property Size4,832 SF
Price / SF$165.36
Days on Market1051
Property Features for 15-2874 PAHOA VILLAGE RD 5
General Information
Standard status
Size
Property subtype
Listing Agency:
Coldwell Banker Island Properties
Listed By:
Gail Hand
(808) 313-0624
Source:
Crexi
Added: Dec 30, 2023
Changed: Nov 6
Last Checked: Nov 12 at 8:22AM
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 Coldwell Banker Island Properties
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Investment Insights
Based on property information with market context.
Located in the historic village of Pahoa, next to Black Rock Cafe, this commercial complex features a high-traffic location. The leasable area under roof totals 4832 square feet and currently houses five businesses. Tenants include Sirius Coffee, Van Vietnamese Restaurant, a Hawaiian style ice cream shop, Kalo Bowls, Irie Hawaii-a Smoke & Vape Shop, Access Capabilities Counseling Center, and a Storage Unit. Current leases range from 1 to 3 years. The complex is being sold As-Is.
Key Highlights
- Prime location in central, high‑traffic Pahoa next to Black Rock Cafe.
- Established business complex with 5 existing businesses.
- Diverse tenant mix including food, retail, and service businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,559
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,180
$1.3M
Cap Rate 7%
$893,700
$893.7K
Cap Rate 9%
$695,100
$695.1K
Market Conditions
NOI Build-Up for 4,832 SF
Gross rent
$90.5K $18.72/SF
− Vacancy
−$1.1K −$0.22/SF
EGI
$89.4K $18.50/SF
− OpEx
−$26.8K −$5.55/SF
NOI
$62.6K $12.95/SF
Area
Hawaii County, HI
Vacancy
1.20%
Lease Rate
$18.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,180
Cap Rate 7%
$893,700
Cap Rate 9%
$695,100
Alternative Uses
Best Use
Specialty Retail
$1.65M
$1.44M – $1.92M
NOI $115,435 @ 7.0% cap · market cap 14.45%
Second Best
Retail
$1.49M
$1.30M – $1.74M
NOI $104,364 @ 7.0% cap · market cap 13.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Demographics for 96778, HI
14,687
Population
6,814
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
211.5 sq mi
ZIP Area
69
Density / Sq Mi
$34,863
Median Household Income
$29,821
Median Earnings
$1,321
Median Rent
$241,200
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Shopping center - High-traffic commercial complex in Pahoa Village with multiple businesses.
Where is this shopping center located?
The property is located at 15-2874 PAHOA VILLAGE RD 5 Pahoa, HI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime location in central, high‑traffic Pahoa next to Black Rock Cafe.; Established business complex with 5 existing businesses.; Diverse tenant mix including food, retail, and service businesses.
