Lihue Commercial Property on
For Sale
Contact for pricing
3-3152 Kuhio Hwy, Lihue, HI 96766
High-visibility commercial property in Lihue with established tenants.
Property Size5,148 SF
Lot Size0.69 Acres
Price / SF$718.73
Days on Market102
Property Features for 3-3152 Kuhio Hwy
General Information
Standard status
Active
Size
5,148 SF
Total Parking Spaces
64
Lot size
0.69 Acres
Property subtype
Retail
Zoning
C-G Commercial General
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1989
Buildings
2
Tenancy
Multi
Listing Agency:
Colliers - Honolulu, Hawaii
(808) 523-9755
Listed By:
Andy Kazama · License #HI RS-68575
Source:
Crexi
Added: May 23
Changed: Aug 13
Last Checked: Aug 28 at 11:16PM
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 Colliers - Honolulu, Hawaii
Investment Insights
Based on property information with market context.
Located along Kuhio Highway, Kauai's primary commercial arterial connecting Lihue and the island's resort corridor, this property offers visibility and accessibility in an active retail area. The fee simple parcel spans 30,000 square feet and features frontage on a high-traffic corridor, benefiting from consistent resident and visitor traffic. The property includes two well-maintained commercial buildings totaling 5,048 square feet. Building 1, comprising 2,488 square feet, is a sit-down restaurant. Building 2, at 2,560 square feet, houses a Seven-Eleven convenience store, which has been at this location since 1985. Both buildings are fully occupied and generating income. The site also provides over 11,000 square feet of paved surface parking. Lihue is the business and commercial epicenter of Kauai, supported by tourism, hospitality, retail, and service sectors. It is accessible through its primary airport with flights from major mainland cities and inter-island routes. Lihue's commercial activity is supported by a residential population of approximately 12,000 residents, a government and professional services workforce, and essential retail services. Kuhio Highway functions as Lihue’s primary commercial spine, connecting Lihue Airport to the town center and the Coconut Coast, serving as a daily route for residents, workers, and visitors.
Key Highlights
- High‑traffic location on Kuhio Highway, Kauai's primary commercial arterial, ensuring exceptional visibility and accessibility.
- Two fully occupied commercial buildings (5,048 sq ft total) generating immediate income: a restaurant and a Seven‑Eleven.
- Stable demand base in Lihue, anchored by a residential population, government workforce.
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
$144,215
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
3.90%
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%
$2,884,300
$2.9M
Cap Rate 7%
$2,060,214
$2.1M
Cap Rate 9%
$1,602,389
$1.6M
Market Conditions
NOI Build-Up for 5,148 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
$204.2K $39.66/SF
− Vacancy
−$11.9K −$2.31/SF
EGI
$192.3K $37.35/SF
− OpEx
−$48.1K −$9.34/SF
NOI
$144.2K $28.01/SF
Area
Kauai County, HI
Vacancy
5.82%
Lease Rate
$39.66 /SF/Yr
Expense Ratio
25.00%
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%
$2,884,300
Cap Rate 7%
$2,060,214
Cap Rate 9%
$1,602,389
Alternative Uses
Best Use
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $144,215 @ 7.0% cap · market cap 3.90%
Second Best
Retail
$1.95M
$1.70M – $2.27M
NOI $136,265 @ 7.0% cap · market cap 3.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96766, HI
16,937
Population
5,562
Households
3
Avg Household Size
43
Median Age
29%
College-Educated
94%
High-School Grad
93.7 sq mi
ZIP Area
181
Density / Sq Mi
$96,434
Median Household Income
$44,586
Median Earnings
$1,904
Median Rent
$751,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - High-visibility commercial property in Lihue with established tenants.
Where is this grocery and convenience store located?
The property is located at 3-3152 Kuhio Hwy Lihue, HI.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: High‑traffic location on Kuhio Highway, Kauai's primary commercial arterial, ensuring exceptional visibility and accessibility.; Two fully occupied commercial buildings (5,048 sq ft total) generating immediate income: a restaurant and a Seven‑Eleven.; Stable demand base in Lihue, anchored by a residential population, government workforce.
