Kaloko Industrial Park Commercial
73-5568 MAIAU ST #104 Kailua Kona, HI 96740
For Sale
$799,000
Commercial property in a busy industrial park near Costco.
Property Size1,500 SF
Price / SF$532.67
Days on Market281
Property Features for 73-5568 MAIAU ST #104
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Building Details
Year Built
1993
Listing Agency:
HAWAIIAN ISLE REAL ESTATE, LLC
(808) 987-1012
Listed By:
GRETCHEN OSGOOD
Source:
Corcoran
Added: Oct 22, 2025
Changed: Jul 10
Last Checked: Jul 29 at 10:00AM
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 HAWAIIAN ISLE REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
Located at 73-5568 Maiau Street in the Kaloko Light Industrial Park, this commercial property resides in a busy commercial district near Costco. The property, known as Cal-Cam Center III, is a metal building with a concrete floor. The ground floor features a 2,036 square-foot warehouse bay, equipped with a 12-foot roll-up door and a standard door for pedestrian access. Previously, the space has served as a consignment business and a pest control company location. The property includes three assigned parking spaces and two non-assigned spots in front of the building. The upstairs area has been remodeled into an office of similar size, though without building permits. It features wood floors, a tropical wood bar, and carpeted outer rooms. The outer rooms offer ocean views. A large multi-purpose area provides space for dining, and there is also a media room with a pool table and a kitchen.
Key Highlights
- Prime commercial location in the busy Kaloko Light Industrial Park, near Costco.
- 2,036 sq ft warehouse bay with 12‑foot roll‑up door.
- Remodeled upstairs office space with ocean views.
Financial Insights For Warehouse
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 | $28.1k | $18.72 |
| − Vacancy | −$337 | −$0.22 |
| EGI | $27.7k | $18.50 |
| − OpEx | −$4.2k | −$2.77 |
| NOI | $23.6k | $15.72 |
1,500 SF · lease $18.72/SF/yr · vacancy 1.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$336.9K
$294.8K – $393.0K
NOI $23,582 @ 7.0% cap · market cap 2.95%
Second Best
Office B
$305.1K
$266.9K – $355.9K
NOI $21,354 @ 7.0% cap · market cap 2.67%
Theoretical Best
Specialty Retail
$511.9K
$447.9K – $597.2K
NOI $35,834 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property in a busy industrial park near Costco.
Where is this flex space located?
The property is located at 73-5568 MAIAU ST #104 Kailua Kona, HI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime commercial location in the busy Kaloko Light Industrial Park, near Costco.; 2,036 sq ft warehouse bay with 12‑foot roll‑up door.; Remodeled upstairs office space with ocean views.
