Ground-Floor Office
For Sale
$449,000
64-1061 MAMALAHOA HIGHWAY, Kamuela, HI 96743
Commercial Sale, End Unit, Even Number Unit, Ground Unit, Kamuela, HI
Property Size616 SF
Price / SF$728.90
Days on Market203
Property Features for 64-1061 MAMALAHOA HIGHWAY
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CN-7.5
Bathrooms
1
Rooms
Bathroom 1
Parking features
Assigned
Appliances
Washer/Dryer Stacked
Subdivision
PUUKAPU HOMESTEADS
Standard status
Active
APN
3640060230001
Size
616 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3362
HOA Fee
$706 Monthly
Utilities
Utilities
Cable Available
Building Details
Year built
1984
Number of units
1
Architectural style
Other
Listing Agency:
Hapuna Realty
(808) 657-4292
Listed By:
Kemi Kidani
(808) 228-4661
Added: Mar 19
Changed: Sep 5
Last Checked: Oct 7 at 6:06AM
MLS# 728722
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.
Investment Insights
Based on property information with market context.
Unit 101 is a 616-square-foot office unit on the ground floor of Waimea Town Plaza, a mixed-use center completed in 1984. The space includes one bathroom, a stacked washer and dryer, cable availability, and an assigned parking stall. Its ground-level position provides direct access for visitors and customers.
The property is located at 64-1061 Mamalahoa Highway in Kamuela, along the corridor connecting Kona and Hilo. Shops, restaurants, professional services, and daily conveniences are within walking distance. CN-7.5 zoning supports a range of neighborhood commercial applications, including professional office, wellness, boutique retail, and service-oriented uses.
The property is located at 64-1061 Mamalahoa Highway in Kamuela, along the corridor connecting Kona and Hilo. Shops, restaurants, professional services, and daily conveniences are within walking distance. CN-7.5 zoning supports a range of neighborhood commercial applications, including professional office, wellness, boutique retail, and service-oriented uses.
Key Highlights
- 616‑square‑foot ground‑floor Unit 101 at Waimea Town Plaza
- CN‑7.5 Neighborhood Commercial zoning
- Assigned parking stall included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,305
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,100
$266.1K
Cap Rate 7%
$190,071
$190.1K
Cap Rate 9%
$147,833
$147.8K
Market Conditions
NOI Build-Up for 616 SF
Gross rent
$20.3K $33.00/SF
− Vacancy
−$1.3K −$2.15/SF
EGI
$19.0K $30.86/SF
− OpEx
−$5.7K −$9.26/SF
NOI
$13.3K $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%
$266,100
Cap Rate 7%
$190,071
Cap Rate 9%
$147,833
Alternative Uses
Best Use
Retail
$190.1K
$166.3K – $221.8K
NOI $13,305 @ 7.0% cap · market cap 2.96%
Second Best
Office B
$125.3K
$109.6K – $146.2K
NOI $8,769 @ 7.0% cap · market cap 1.95%
Theoretical Best
Specialty Retail
$210.2K
$184.0K – $245.3K
NOI $14,716 @ 7.0% cap · market cap 3.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Commercial unit with Neighborhood Commercial zoning, assigned parking, and access to established local shops and services.
Where is this office units located?
The property is located at 64-1061 MAMALAHOA HIGHWAY Kamuela, HI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 616‑square‑foot ground‑floor Unit 101 at Waimea Town Plaza; CN‑7.5 Neighborhood Commercial zoning; Assigned parking stall included
