Kailua Mixed-Use Investment
32 Kainehe St, Kailua, HI 96734
For Sale
Contact for pricing
Mixed-use property in Kailua with retail, office, and industrial spaces.
Property Size5,549 SF
Price / SF$576.68
Days on Market936
Property Features for 32 Kainehe St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
Colliers - Honolulu, Hawaii
Listed By:
William (Bill) Froelich JD SIOR CCIM · License HI RB-21658
Source:
Crexi
Added: Apr 23, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:04AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use building, under the same ownership for over 40 years, features a diverse tenant mix of retail, office, and industrial spaces. All leases are NNN and set to expire within the next 12 months. The property has over 90% tenant occupancy, with the remainder utilized by the seller. The property offers opportunities for both owner-users and investors. Constructed partially with CMU, the building benefits from a high walk score and convenient access from Kailua. The property has a size of 5549 square feet and minimal deferred maintenance.
Key Highlights
- High Tenant Occupancy: Boasting over 90% occupancy.
- Diverse Tenant Mix: Featuring a blend of retail, office, and industrial spaces.
- NNN Leases: All leases are NNN and expiring within 12 months.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,879
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,937,580
$2.9M
Cap Rate 7%
$2,098,271
$2.1M
Cap Rate 9%
$1,631,989
$1.6M
Market Conditions
NOI Build-Up for 5,549 SF
Gross rent
$220.4K $39.72/SF
− Vacancy
−$10.6K −$1.91/SF
EGI
$209.8K $37.81/SF
− OpEx
−$62.9K −$11.34/SF
NOI
$146.9K $26.47/SF
Area
Honolulu County, HI
Vacancy
4.80%
Lease Rate
$39.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,937,580
Cap Rate 7%
$2,098,271
Cap Rate 9%
$1,631,989
Alternative Uses
Best Use
Retail
$2.10M
$1.84M – $2.45M
NOI $146,879 @ 7.0% cap · market cap 4.59%
Second Best
Office B
$2.03M
$1.78M – $2.37M
NOI $142,020 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.62M
NOI $157,370 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Demographics for 96734, HI
49,922
Population
18,208
Households
2.7
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
21.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$131,554
Median Household Income
$56,374
Median Earnings
$3,297
Median Rent
$1,246,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Mixed-use properties in Honolulu County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Kailua with retail, office, and industrial spaces.
Where is this mixed-use property located?
The property is located at 32 Kainehe St Kailua, HI.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: High Tenant Occupancy: Boasting over 90% occupancy.; Diverse Tenant Mix: Featuring a blend of retail, office, and industrial spaces.; NNN Leases: All leases are NNN and expiring within 12 months.
