Waimea Town Investment
65-1291 KAWAIHAE RD, Kamuela, HI 96743
Two buildings on nearly an acre with highway frontage.
Type:Commercial
Property size:
11,615 SFLot size:
0.99 AcresPrice / SF:
$387/SF- Added:
- Apr 2, 2026
- Days on Market:
- 61
- Last Refresh:
- Apr 2 at 8:09 pm
Property Features for 65-1291 KAWAIHAE RD
General Information
- Standard status
- Active
- Size
- 11,615 SF
- Lot size
- 0.99 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing agent ERIK JACOBSON
Listing office COMPASS (808) 378-5447
Listing date Apr 2, 2026
Source Corcoran
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 COMPASS
HighLights
- High income potential with 16 units in a building constructed in 1999.
- Prime real estate location with direct highway frontage on Kawaihae Road.
- Zoned CV 7.5, suitable for a variety of business ventures.
- Currently at full occupancy, providing immediate income.
- Includes a charming historic landmark home built in 1910, adding character and versatility.
- Two parking lots provide ample parking space.
Overview
This unique property, located in Waimea Town, presents an exceptional investment opportunity. Zoned CV 7.5, the property includes two distinct buildings situated on nearly an acre of prime real estate with direct highway frontage. The larger building, constructed in 1999, features 16 units, offering significant income potential. Complementing this is a charming historic landmark home built in 1910, adding character and versatility to the portfolio. The property includes two parking lots and benefits from a highly visible location on Kawaihae Road, positioning it well for a variety of business ventures. The property has 11615 square feet of space. Both buildings are currently at full occupancy.
Local Financial Insights For 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 | $383.3k | $33.00 |
| − Vacancy | −$24.9k | −$2.15 |
| EGI | $358.4k | $30.86 |
| − OpEx | −$107.5k | −$9.26 |
| NOI | $250.9k | $21.60 |
11,615 SF · lease $33.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.58M
$3.14M – $4.18M
NOI $250,867 @ 7.0% cap · market cap 5.57%
Second Best
Mixed Use
$3.13M
$2.74M – $3.65M
NOI $219,197 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$3.96M
$3.47M – $4.62M
NOI $277,478 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Mixed-use properties
Map
- City
- Kamuela
- County
- Hawaii
- State
- Hawaii
- Longitude
- -155.692805
- Latitude
- 20.026902
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two buildings on nearly an acre with highway frontage.
Where is this mixed-use property located?
The property is located at 65-1291 KAWAIHAE RD Kamuela, HI.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: High income potential with 16 units in a building constructed in 1999.; Prime real estate location with direct highway frontage on Kawaihae Road.; Zoned CV 7.5, suitable for a variety of business ventures.
