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    Kalaheo 10.26-Acre Commercial Opportunity Title is generated by Realmo AI

    2-2741 KAUMUALII HWY, Kalaheo, HI 96741

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    Claim this Listing
    For Sale
    $2,750,000

    COMMERCIAL - Kalaheo, HI

    Property size:
    13,000 SF
    Lot size:
    10.26 Acres
    Price / SF:
    $211/SF
    Added:
    Mar 16, 2026
    Days on Market:
    68
    Last Refresh:
    May 22 at 11:06 am

    Property Features for 2-2741 KAUMUALII HWY

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    R-2
    Standard status
    Active
    APN
    4240010210000
    Size
    13,000 SF
    Lot size
    10.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    17105

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank, Cesspool

    Building Details

    Year built
    1966
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Karen L. Agudong
    Karen L. Agudong

    Listing agent Karen L. Agudong License #RB-17447

    Listing office eXp Realty 6600 Kalanianaole Highway, Suite 114, Mililani, HI

    Listing date Mar 16, 2026

    MLS# 725688

    Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare 10.26‑acre property in high‑visibility location on Kaumuali'i Highway
    • Zoned R‑2 and Open, offering exceptional potential for industrial, warehouse, or mixed‑use operations
    • Over 13,000 sq ft of existing improvements including warehouse buildings, freezer, chill room, and office
    • Fee Simple title reversion creates opportunity for owner‑users or investors
    • Located in Kalaheo / Koloa area with convenient access to Lihue' and Kauai's west side
    • Limited industrial inventory on Kaua'i with strong demand for warehouse and production space

    Overview

    Located in the Kalaheo/Koloa area, this 10.26-acre property offers potential for industrial, warehouse, or mixed-use operations. The site is positioned along Kaumuali'i Highway, the main route connecting Lihue' with Kauai's west side, providing excellent exposure and convenient access. Existing improvements include over 13,000 sq ft, two steel warehouse buildings, a drive-in freezer, chill room (box only) and front office area. The property is currently occupied by Koloa Rum Company, and the current lease has expired. The title will revert to Fee Simple. The parcel features varied topography with gentle, moderate, and steeper slopes and is zoned Open and R-2 (approximately, or just under, 2 acres zoned R-2 near the Waimea Missionary Church side of the property). The property is to be sold As-Is.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $2.62M
    NOI $235,816 @ 9.00% cap · cautious / downside scenario
    Moderate
    $3.37M
    NOI $235,816 @ 7.00% cap · market / base-case scenario
    Aggressive
    $4.72M
    NOI $235,816 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $280.8k $21.60
    − Vacancy −$3.4k −$0.26
    EGI $277.4k $21.34
    − OpEx −$41.6k −$3.20
    NOI $235.8k $18.14
    13,000 SF · lease $21.60/SF/yr · vacancy 1.20% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $3.37M
    $2.95M – $3.93M (±1% cap)
    NOI $235,816 @ 7.0% cap · market cap 8.58%
    Second Best
    Industrial
    $2.77M
    $2.43M – $3.24M (±1% cap)
    NOI $194,201 @ 7.0% cap · market cap 7.06%
    Theoretical Best
    Specialty Retail
    $5.20M
    $4.55M – $6.07M (±1% cap)
    NOI $364,180 @ 7.0% cap · market cap 13.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Kalaheo
    County
    Kauai
    State
    Hawaii
    Longitude
    -159.521343
    Latitude
    21.929428

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    FAQs

    What type of property is this?
    Warehouse - 10.26-acre commercial property with warehouse and industrial potential.
    Where is this warehouse located?
    The property is located at 2-2741 KAUMUALII HWY Kalaheo, HI.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Rare 10.26‑acre property in high‑visibility location on Kaumuali'i Highway; Zoned R‑2 and Open, offering exceptional potential for industrial, warehouse, or mixed‑use operations; Over 13,000 sq ft of existing improvements including warehouse buildings, freezer, chill room, and office
    (808) 652-0677
    We can help!
    Listing Contact
    Karen L. Agudong
    Karen L. Agudong
    Real Estate License ID: RB-17447
    Learn More
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    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
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