Kaloko Industrial Park Commercial
For Sale
$799,000
73-5568 MAIAU ST #104, Kailua Kona, HI 96740
Commercial property in a busy industrial park near Costco.
Property Size1,500 SF
Price / SF$532.67
Days on Market363
Property Features for 73-5568 MAIAU ST #104
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,039
Amenities
Central air
Dryer
Washer
Air Conditioning Cooling
Assigned
Zoned Cooling
Zoned Heating
Building Details
Year Built
1993
Listing Agency:
COMPASS
(808) 378-5447
Listed By:
GRETCHEN OSGOOD
(808) 987-1012
Source:
Corcoran
Added: Oct 22, 2025
Changed: Oct 16
Last Checked: Oct 16 at 9:07AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$23,582
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,640
$471.6K
Cap Rate 7%
$336,886
$336.9K
Cap Rate 9%
$262,022
$262.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$28.1K $18.72/SF
− Vacancy
−$337 −$0.22/SF
EGI
$27.7K $18.50/SF
− OpEx
−$4.2K −$2.77/SF
NOI
$23.6K $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%
$471,640
Cap Rate 7%
$336,886
Cap Rate 9%
$262,022
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.
How Realmo checks its estimates
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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.
