For Sale
$3,999,000
64-1013 MAMALAHOA HIGHWAY, Kamuela, HI 96743
Mixed-use properties
Property Size6,200 SF
Price / SF$645
Days on Market251
Property Features for 64-1013 MAMALAHOA HIGHWAY
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,651
Amenities
Carpet Flooring
Building Details
Year Built
1975
Listing Agency:
KW BIG ISLAND
(808) 930-5900
Listed By:
CHIAKI YAMADA · License #RB-23465,HAWAII
Source:
Corcoran
Added: Dec 13, 2025
Changed: Aug 21
Last Checked: Aug 21 at 8:13AM
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 KW BIG ISLAND
Investment Insights
Based on property information with market context.
Key Highlights
- Mixed‑use property with retail, residential, and warehouse space provides diverse income streams
- High‑visibility location on Mamalahoa Highway, 0.8 miles from Waimea town center
- All units are currently leased, offering immediate income potential
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
$133,911
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
3.35%
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%
$2,678,220
$2.7M
Cap Rate 7%
$1,913,014
$1.9M
Cap Rate 9%
$1,487,900
$1.5M
Market Conditions
NOI Build-Up for 6,200 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
$204.6K $33.00/SF
− Vacancy
−$13.3K −$2.15/SF
EGI
$191.3K $30.86/SF
− OpEx
−$57.4K −$9.26/SF
NOI
$133.9K $21.60/SF
Area
Hawaii County, HI
Vacancy
6.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,678,220
Cap Rate 7%
$1,913,014
Cap Rate 9%
$1,487,900
Alternative Uses
Best Use
Retail
$1.91M
$1.67M – $2.23M
NOI $133,911 @ 7.0% cap · market cap 3.35%
Second Best
Mixed Use
$1.67M
$1.46M – $1.95M
NOI $117,006 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,116 @ 7.0% cap · market cap 3.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96743, HI
13,339
Population
6,690
Households
2
Avg Household Size
44
Median Age
42%
College-Educated
95%
High-School Grad
292.3 sq mi
ZIP Area
46
Density / Sq Mi
$98,177
Median Household Income
$51,000
Median Earnings
$2,023
Median Rent
$724,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this mixed-use property located?
The property is located at 64-1013 MAMALAHOA HIGHWAY Kamuela, HI.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Mixed‑use property with retail, residential, and warehouse space provides diverse income streams; High‑visibility location on Mamalahoa Highway, 0.8 miles from Waimea town center; All units are currently leased, offering immediate income potential
