Retail Storefront with Cafe and
48-5416 KUKUIHAELE RD, Honokaa, HI 96727
New
SINGLE_FAMILY - Honokaa, HI
Type:Retail
Property size:
2,784 SFLot size:
0.24 AcresPrice / SF:
$280/SF- Added:
- Jul 1, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 6 at 7:06 pm
Property Features for 48-5416 KUKUIHAELE RD
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- CN-10
- Bedrooms
- 1
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bathroom 3
- Parking features
- Assigned
- Security features
- Security System
- Interior features
- ADA Accessible, ADA Compliant, Private Restroom, Track Lighting
- Exterior features
- Lighting
- Appliances
- Dryer, Freezer, Indoor Grill, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 3480070310000
- Size
- 2,784 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4080
Utilities
- Utilities
- Water Available
- Sewer type
- Septic Tank
- Heating system
- Zoned
- Cooling system
- Window Unit(s), Zoned, Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 1
- Flooring type
- Carpet, Laminate
Listing agent Kit Muhs (808) 987-5426
Listing office Kohala Coast Properties 250 Waikoloa Beach Dr, #C-5, Waikoloa, HI (808) 886-6600
Listing date Jul 1, 2026
MLS# 731093
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
- Commercial property on a 10,479 SF parcel with a retail storefront, small cafe, separate office, and a 1‑BR/1‑BA furnished apartment
- Building built in 1925 and constructed largely of koa and redwood
- Recent updates include septic system conversion (2011), new A/C units in the gallery (2024), and extensive electrical upgrades with 2 new Energy Plus electric meters (2025)
- ADA updates include Bathroom 1 brought to ADA requirements (2024) with new pedestal sink and toilet; property also lists ADA accessible/compliant features
- Cafe improvements include new flooring (2025), additional refrigerator/freezer units (2024), and custom cabinets (2024)
- Water available via public water; sewer is a septic tank; parking is assigned
Overview
This offering is for a well-preserved Hawaiian plantation-style commercial building originally built in 1925. The property includes a retail storefront with an attached cafe, an adjacent office leased to an esthetician’s clinic, and a furnished 1-bedroom/1-bath apartment. The building is largely constructed of koa and redwood and is currently improved and maintained to support its mixed-use setup. Recent updates include conversion of the septic system from a cesspool in 2011; new air conditioning units for the gallery in 2024; extensive electrical upgrades in 2025 including two new Energy Plus electric meters, new wiring, ceiling fans, lighting fixtures, and outlets in the gallery; and 2024–2025 interior and fixture updates across the cafe, bathrooms, and apartment, including ADA updates to bathroom 1 in 2024.
The property sits on a 0.2406-acre parcel and is located a short way from Honoka’a town, about 1/2 mile from the Waipi’o Valley overlook. The current configuration supports a retail/art-gallery tenant and an attached grab-and-go cafe concept, with the apartment separately occupied under an active lease.
Zoned CN-10, the real estate supports a wide range of commercial uses. This is an owner-occupied style opportunity for a buyer seeking a mixed-use building with established tenancy, while noting that the Waipi’o Valley Artworks business is for sale separately and this offering is for the building and land only.
The property sits on a 0.2406-acre parcel and is located a short way from Honoka’a town, about 1/2 mile from the Waipi’o Valley overlook. The current configuration supports a retail/art-gallery tenant and an attached grab-and-go cafe concept, with the apartment separately occupied under an active lease.
Zoned CN-10, the real estate supports a wide range of commercial uses. This is an owner-occupied style opportunity for a buyer seeking a mixed-use building with established tenancy, while noting that the Waipi’o Valley Artworks business is for sale separately and this offering is for the building and land only.
Local Financial Insights For Specialty 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 | $93.5k | $33.60 |
| − Vacancy | −$4.9k | −$1.75 |
| EGI | $88.7k | $31.85 |
| − OpEx | −$22.2k | −$7.96 |
| NOI | $66.5k | $23.89 |
2,784 SF · lease $33.60/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$950.1K
$831.4K – $1.11M
NOI $66,509 @ 7.0% cap · market cap 8.53%
Second Best
Retail
$859.0K
$751.6K – $1.00M
NOI $60,130 @ 7.0% cap · market cap 7.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Waipi'o Na'alapa Stables
Tourist Attraction
Waipio Valley Artworks
Tourist Attraction
We Buy Your ...
Real Estate Agency
Waipio Valley Shuttle
Freight Service
Map
- City
- Honokaa
- County
- Hawaii
- State
- Hawaii
- Longitude
- -155.5752697
- Latitude
- 20.1180726
FAQs
What type of property is this?
Storefront property - Historic plantation-style building combines retail space, an attached cafe, an office, and a leased 1BR/1BA apartment.
Where is this storefront property located?
The property is located at 48-5416 KUKUIHAELE RD Honokaa, HI.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Commercial property on a 10,479 SF parcel with a retail storefront, small cafe, separate office, and a 1‑BR/1‑BA furnished apartment; Building built in 1925 and constructed largely of koa and redwood; Recent updates include septic system conversion (2011), new A/C units in the gallery (2024), and extensive electrical upgrades with 2 new Energy Plus electric meters (2025)
