Modern Industrial Distribution
73-5573 Lawehana Street Kailua Kona, HI 96740
73-5573 Lawehana Street, Kailua Kona, HI, 96740
$4,000,000
For Sale
$4,000,000
Built in 2019 and fully leased, this 13,500 SF industrial building is zoned ML-1a in West Hawaii.
Property Size13,500 SF
Price / SF$296.30
Days on Market43
Property Features for 73-5573 Lawehana Street
General Information
- Standard status
- Active
- Size
- 13,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2019
Listing agency
Go Commercial, LLC
(808) 987-6446
Listed by
Gregory Ogin · License #HI #RB-16053
(808) 987-6446
Source
Svn-go
Added: Jun 11 Updated: Jul 21 at 7:28PM Checked: Jul 23 at 5:23AM
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
Investment Insights
Based on property information with market context.
Built in 2019, this modern 13,500 SF industrial distribution building offers an efficient layout designed for warehouse and distribution, along with light industrial operations. The property is currently fully leased, and it benefits from industrial-grade infrastructure and amenities intended to support day-to-day operations.
Located in the West Hawaii area, the building sits within the Kaloko Light Industrial Area, with ML-1a zoning supporting a range of industrial uses. The contemporary construction and functional design make it suitable for investors seeking an income-producing industrial asset and for owner-users looking for a purpose-built facility in an established light industrial market.
Zoned ML-1a, the building’s configuration is centered on warehouse and operational capacity, aligning with distribution and light industrial requirements.
Located in the West Hawaii area, the building sits within the Kaloko Light Industrial Area, with ML-1a zoning supporting a range of industrial uses. The contemporary construction and functional design make it suitable for investors seeking an income-producing industrial asset and for owner-users looking for a purpose-built facility in an established light industrial market.
Zoned ML-1a, the building’s configuration is centered on warehouse and operational capacity, aligning with distribution and light industrial requirements.
Key Highlights
- 13,500 SF modern industrial building built in 2019
- Fully leased industrial property
- Zoned ML‑1a (Kaloko Light Industrial Area in West Hawaii)
Local 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 | $252.7k | $18.72 |
| − Vacancy | −$3.0k | −$0.22 |
| EGI | $249.7k | $18.50 |
| − OpEx | −$37.5k | −$2.77 |
| NOI | $212.2k | $15.72 |
13,500 SF · lease $18.72/SF/yr · vacancy 1.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.03M
$2.65M – $3.54M
NOI $212,234 @ 7.0% cap · market cap 5.31%
Second Best
Industrial
$2.50M
$2.18M – $2.91M
NOI $174,781 @ 7.0% cap · market cap 4.37%
Theoretical Best
Specialty Retail
$4.61M
$4.03M – $5.38M
NOI $322,510 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Southwind Construction Kona
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Distribution center - Built in 2019 and fully leased, this 13,500 SF industrial building is zoned ML-1a in West Hawaii.
Where is this distribution center located?
The property is located at 73-5573 Lawehana Street Kailua Kona, HI.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 13,500 SF modern industrial building built in 2019; Fully leased industrial property; Zoned ML‑1a (Kaloko Light Industrial Area in West Hawaii)
