Live-Work Property with Art
45-3505 MAMANE ST, Honokaa, HI 96727
For Sale
New
$650,000
Commercial Sale, Single Family Home, Single Level, Honokaa, HI
Property Size1,572 SF
Lot Size0.15 Acres
Price / SF$413.49
Days on Market4
Property Features for 45-3505 MAMANE ST
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Appliances
Subdivision
Lot features
View
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Water source
Amenities
covered front porch
wet bar/kitchenette
custom cabinets
concrete counters
hardwood floors
vaulted ceilings
large jetted tub
tile and mosaic work
walking distance to stores, schools, library, restaurants
Building Details
Year built
Floors in Building
Flooring type
Architectural style
Buildings
Listing Agency:
Hawaii Life
(800) 667-5028
Listed By:
Dan Ishikawa · License #76593
(808) 557-5847
Added: Nov 3
Last Checked: Nov 6 at 11:06PM
MLS# 734597
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.
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Investment Insights
Based on property information with market context.
This 1,572-square-foot live-work property on a 0.1487-acre lot includes two separate structures. The main residence, built in 1929, has two bedrooms, one bathroom, a dining area adjoining the kitchen, and a covered front porch. A permitted art studio/ohana sits behind the house, with a wet bar and kitchenette, vaulted ceilings, hardwood flooring, and a living area distinct from the bedroom. Its bathroom includes a jetted tub.
Key Highlights
- Two separate structures, including a permitted art studio/ohana
- CV‑10 zoning
- 1,572 square feet on a 0.1487‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,667
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,340
$593.3K
Cap Rate 7%
$423,814
$423.8K
Cap Rate 9%
$329,633
$329.6K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$51.9K $33.00/SF
− Vacancy
−$4.4K −$2.81/SF
EGI
$47.5K $30.20/SF
− OpEx
−$17.8K −$11.32/SF
NOI
$29.7K $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 Rate 5%
$593,340
Cap Rate 7%
$423,814
Cap Rate 9%
$329,633
Alternative Uses
Best Use
Mixed Use
$423.8K
$370.8K – $494.5K
NOI $29,667 @ 7.0% cap · market cap 4.56%
Second Best
Office B
$319.7K
$279.7K – $373.0K
NOI $22,379 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$536.5K
$469.4K – $625.9K
NOI $37,554 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 96727, HI
4,990
Population
1,642
Households
3
Avg Household Size
45
Median Age
24%
College-Educated
91%
High-School Grad
189.5 sq mi
ZIP Area
26
Density / Sq Mi
$83,534
Median Household Income
$37,124
Median Earnings
$1,218
Median Rent
$559,900
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - Two separate structures combine a plantation-era residence with a permitted studio space in Honokaa’s commercial zone.
Where is this live-work space located?
The property is located at 45-3505 MAMANE ST Honokaa, HI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two separate structures, including a permitted art studio/ohana; CV‑10 zoning; 1,572 square feet on a 0.1487‑acre lot
