Kona Warehouse with Docking
For Sale
$2,500,000
73-4465 Paoo Street, Kailua Kona, HI 96740
7,500 sqft warehouse on 4.5 acres near Kona Airport.
Property Size7,500 SF
Lot Size4.50 Acres
Price / SF$333.33
Days on Market242
Property Features for 73-4465 Paoo Street
General Information
Standard status
Active
Size
7,500 SF
Lot size
4.50 Acres
Property subtype
Industrial
Building Details
Building Size
7,500 SF
Year Built
2005
Listing Agency:
GO COMMERCIAL, LLC
Listed By:
Gregory Ogin · License #HI #RB-16053
(808) 987-6446
Source:
Svn-go
Added: Mar 6
Changed: Oct 25
Last Checked: Nov 1 at 4:25AM
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 GO COMMERCIAL, LLC
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Investment Insights
Based on property information with market context.
This property features a 7,500 square foot metal high bay warehouse with a docking bay. It is situated on 4.5 acres of land zoned MG-1a. The property is located approximately one mile south of Kona International Airport. The land is under a long-term lease expiring in 2060, with a current monthly rent of $5,888.77 (in 2025).
Key Highlights
- 7500 sq/ft Warehouse on 4.5 acres of Land
- Located near Kona International Airport
- Long term land lease expiring 2060
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,908
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,358,160
$2.4M
Cap Rate 7%
$1,684,400
$1.7M
Cap Rate 9%
$1,310,089
$1.3M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$140.4K $18.72/SF
− Vacancy
−$1.7K −$0.22/SF
EGI
$138.7K $18.50/SF
− OpEx
−$20.8K −$2.77/SF
NOI
$117.9K $15.72/SF
Area
Hawaii County, HI
Vacancy
1.20%
Lease Rate
$18.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,358,160
Cap Rate 7%
$1,684,400
Cap Rate 9%
$1,310,089
Alternative Uses
Best Use
Warehouse
$1.68M
$1.47M – $1.97M
NOI $117,908 @ 7.0% cap · market cap 4.72%
Second Best
Industrial
$1.39M
$1.21M – $1.62M
NOI $97,101 @ 7.0% cap · market cap 3.88%
Theoretical Best
Specialty Retail
$2.56M
$2.24M – $2.99M
NOI $179,172 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 96740, HI
38,234
Population
19,119
Households
2
Avg Household Size
45
Median Age
35%
College-Educated
94%
High-School Grad
242.4 sq mi
ZIP Area
158
Density / Sq Mi
$94,091
Median Household Income
$42,605
Median Earnings
$1,692
Median Rent
$730,600
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - 7,500 sqft warehouse on 4.5 acres near Kona Airport.
Where is this warehouse located?
The property is located at 73-4465 Paoo Street Kailua Kona, HI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7500 sq/ft Warehouse on 4.5 acres of Land; Located near Kona International Airport; Long term land lease expiring 2060
