Triplex with Commercial
3559 Hanapepe Road Unit 3 Hanapepe, HI 96716
3559 Hanapepe Road Unit 3, Hanapepe, HI, 96716
$1,850,000
For Sale
$1,850,000
Three air-conditioned units and a former commercial kitchen provide flexible configuration under commercial zoning.
Property Size3,700 SF
Price / SF$500
Days on Market88
Property Features for 3559 Hanapepe Road Unit 3
General Information
- Standard status
- Active
- Size
- 3,700 SF
- Property subtype
- Commercial Sale / Food Service,Multi Family,Office,Retail,Warehouse
Building Details
- Year Built
- 1943
Listing agency
RE/MAX Kauai - Princeville Office
(808) 639-9675
Listed by
Jimmy Johnson · License #RB-18149
(808) 639-9675
Source
Compass
Added: Apr 26 Updated: Jul 22 at 12:04PM Checked: Jul 22 at 12:04PM
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 RE/MAX Kauai - Princeville Office
Investment Insights
Based on property information with market context.
This triplex offers a flexible mix of residential space and a previously used commercial kitchen option. The street-front portion is a 1-bedroom, 1-bath configuration that could support a variety of commercial uses. The rear of the building includes a 3-bedroom, 1.75-bath layout. Upstairs, there is a former commercial kitchen along with an additional 3-bedroom, 2-bath arrangement with two entrances. All three units are air-conditioned.
The property is located at 3559 Hanapepe Road, Unit 3, in Hanapepe, HI. It is positioned for convenience to the Pacific Missile Range Facility (PMRF) workforce and is described as about 18 miles to Lihue, the County seat of Kauai. Recreational options noted nearby include Salt Pond Beach Park, Port Allen, Polihale, and the Kokee Mountains, with Poipu listed as less than a half hour away.
Ownership is described as straightforward with three washer/dryer hook-ups, on-demand water heating, and sewer connection for wastewater. A rent roll is available.
The property is located at 3559 Hanapepe Road, Unit 3, in Hanapepe, HI. It is positioned for convenience to the Pacific Missile Range Facility (PMRF) workforce and is described as about 18 miles to Lihue, the County seat of Kauai. Recreational options noted nearby include Salt Pond Beach Park, Port Allen, Polihale, and the Kokee Mountains, with Poipu listed as less than a half hour away.
Ownership is described as straightforward with three washer/dryer hook-ups, on-demand water heating, and sewer connection for wastewater. A rent roll is available.
Key Highlights
- Tri‑plex with commercial zoning and flexible configuration, including a former commercial kitchen for other ventures
- 7 total bedrooms across the property; 4 full bathrooms and 1 half bathroom
- All 3 units are air‑conditioned
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.0k | $39.72 |
| − Vacancy | −$7.1k | −$1.91 |
| EGI | $139.9k | $37.81 |
| − OpEx | −$42.0k | −$11.34 |
| NOI | $97.9k | $26.47 |
3,700 SF · lease $39.72/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,937 @ 7.0% cap · market cap 5.29%
Second Best
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,978 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,651 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three air-conditioned units and a former commercial kitchen provide flexible configuration under commercial zoning.
Where is this triplex located?
The property is located at 3559 Hanapepe Road Unit 3 Hanapepe, HI.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Tri‑plex with commercial zoning and flexible configuration, including a former commercial kitchen for other ventures; 7 total bedrooms across the property; 4 full bathrooms and 1 half bathroom; All 3 units are air‑conditioned
