Building Details

Building Size 6,200 SF

Year Built 1975

Listing Agency: KW Big Island

Listed By: Chiaki Yamada · License #RB-23465,HAWAII Show Phone

Source: Deepbluehi

Added: Dec 12, 2025 Changed: Oct 4 Last Checked: Oct 16 at 5:43AM

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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 / Yr

$133,911

Cap Rate

3.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,678,220 $2.7M

Cap Rate 7%

$1,913,014 $1.9M

Cap Rate 9%

$1,487,900 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,200 SF

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 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 (±1% cap)

NOI $133,911 @ 7.0% cap · market cap 3.35%

Second Best

Mixed Use

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $117,006 @ 7.0% cap · market cap 2.93%

Theoretical Best

Specialty Retail

$2.12M

$1.85M – $2.47M (±1% cap)

NOI $148,116 @ 7.0% cap · market cap 3.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail space

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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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