Pahoa Mixed-Use Commercial
For Sale
$344,000
15-2885 PAHOA VILLAGE RD, Pahoa, HI 96778
Versatile Pahoa property zoned for commercial and residential use.
Property Size792 SF
Price / SF$434.34
Days on Market273
Property Features for 15-2885 PAHOA VILLAGE RD
General Information
Standard status
Active
Size
792 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,965
Amenities
Central air
Cleared
Grassy
Vinyl Flooring
Wall/Window Unit(s) Cooling
Building Details
Year Built
1955
Listing Agency:
HOMESMART ISLAND HOMES
(808) 799-8968
Listed By:
YUKIE PAKELE · License #RB-23270
(808) 487-0777
Source:
Corcoran
Added: Dec 4, 2025
Changed: Sep 3
Last Checked: Sep 2 at 8:17PM
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 HOMESMART ISLAND HOMES
Investment Insights
Based on property information with market context.
This mixed-use property is located on Pahoa Village Road and is zoned Village Commercial, presenting opportunities for rental income or personal use. The property is suitable for residential use, a doctor’s office, a massage school, a retail shop, a home office, or a creative studio. Its central location in Pahoa provides access to shops, restaurants, local eateries, and community amenities. The property has a size of 792 square feet.
Key Highlights
- Prime location on Pahoa Village Road in the heart of Pahoa Town.
- Zoned Village Commercial, offering versatile usage options.
- Suitable for rental income, business investment, or live/work lifestyle.
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
$14,947
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
4.35%
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%
$298,940
$298.9K
Cap Rate 7%
$213,529
$213.5K
Cap Rate 9%
$166,078
$166.1K
Market Conditions
NOI Build-Up for 792 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
$26.1K $33.00/SF
− Vacancy
−$2.2K −$2.81/SF
EGI
$23.9K $30.20/SF
− OpEx
−$9.0K −$11.32/SF
NOI
$14.9K $18.87/SF
Area
Hawaii County, HI
Vacancy
8.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
37.50%
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%
$298,940
Cap Rate 7%
$213,529
Cap Rate 9%
$166,078
Alternative Uses
Best Use
Mixed Use
$213.5K
$186.8K – $249.1K
NOI $14,947 @ 7.0% cap · market cap 4.35%
Second Best
Office B
$161.1K
$140.9K – $187.9K
NOI $11,275 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$270.3K
$236.5K – $315.4K
NOI $18,921 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile Pahoa property zoned for commercial and residential use.
Where is this mixed-use property located?
The property is located at 15-2885 PAHOA VILLAGE RD Pahoa, HI.
What is the asking price?
The asking price for this property is $344,000.
What are key features of this property?
This property features: Prime location on Pahoa Village Road in the heart of Pahoa Town.; Zoned Village Commercial, offering versatile usage options.; Suitable for rental income, business investment, or live/work lifestyle.
