Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kona Retail and Office Space Title is generated by Realmo AI

    74-5565 Luhia Street, Kailua Kona, HI 96740

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.50 SF/Yr

    Retail and office spaces in a central Kona location.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 6 at 12:37 am

    Property Features for 74-5565 Luhia Street

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1989

    Spaces For Lease

    at 74-5565 Luhia Street Contact us

    We can help!

    Listing Contact
    Gregory Ogin

    Listing agent Gregory Ogin License #HI #RB-16053

    Listing office GO COMMERCIAL, LLC

    Listing date Mar 6, 2026

    Source Svn-go

    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

    HighLights

    • Central and prominent location in Kona's Old Industrial area.
    • Adjacent to Queen Ka'ahumanu Highway, providing easy access.
    • Close proximity to downtown Kona.
    • Ground floor retail and second floor office spaces available.
    • Good street visibility at a prominent intersection.
    • Terms are negotiable.

    Overview

    Retail and office space is available in a central and prominent location in the Old Industrial area of Kona, adjacent to Queen Ka'ahumanu Highway and in close proximity to downtown Kona. The property features a prominent intersection with easy access and good street visibility. Ground floor retail and second floor small office spaces are available. The estimated CAM for 2026 is $1.06 per square foot. Terms are negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alaka'i Academy High School Menehune Health Medical Clinic Western Union Bank Ideal Furniture Hawaii Furniture & Home Goods Josie's Salon Hair Salon

    Map

    City
    Kailua Kona
    County
    Hawaii
    State
    Hawaii
    Longitude
    -156
    Latitude
    19.6485

    Nearby Similar for Lease

    • $1.25 SF/Yr
      4,630 SF

      Restaurant and Retail Space Available

      Restaurant, retail, and office spaces for rent in Kailua-Kona.
      75-5725 Alii Drive, Kailua Kona, HI 96740
      View Details
    • $1.75 SF/Yr
      15,730 SF

      Kailua-Kona Medical Office Building

      Well-maintained office building in the heart of Kailua-Kona.
      75-184 Hualalai Road, Kailua Kona, HI 96740
      View Details
    • $2 SF/Yr
      30,503 SF

      High-Visibility Mixed-Use Building

      Office and retail spaces available in a high-traffic location.
      75-1000 Henry Street, Kailua Kona, HI 96740
      View Details
    • $600/Mo
      21,717 SF

      Oceanfront Retail and Restaurant Space

      Prime oceanfront location with high visibility and excellent tenant mix.
      75-5770 -76 Alii Drive, Kailua Kona, HI 96740
      View Details
    • $1.25 SF/Yr
      13,000 SF

      Kona Trade Center Space Available

      Industrial, retail, and office spaces with high visibility.
      74-5552 & 74-5546 Kaiwi Street, Kailua Kona, HI 96740
      View Details
    • $1.50 SF/Yr
      25,321 SF

      Kailua-Kona Class A Office Space

      Class A office space near restaurants, banks, and shopping.
      74-5620 Palani Road, Kailua Kona, HI 96740
      View Details
    • $1.25 SF/Yr
      44,902 SF

      Restaurant Space in Kailua-Kona Center

      Restaurant space available in central Kailua-Kona shopping center.
      75-5725 Alii Drive, Kailua Kona, HI 96740
      View Details
    • $2 SF/Yr
      30,503 SF

      High Visibility Office/Retail Building

      Office and retail spaces with high traffic and ocean views.
      75-1000 Henry Street, Kailua Kona, HI 96740
      View Details
    • $1.35 SF/Yr
      25,047 SF

      Premier Kailua-Kona Office Building

      Class A office space in a prime Kailua-Kona location.
      75-5722 Kuakini Highway, Kailua Kona, HI 96740
      View Details
    • $600/Mo
      21,117 SF

      Oceanfront Retail and Restaurant Space

      Prime oceanfront location with high visibility and excellent tenant mix.
      75-5770 -76 Alii Drive, Kailua Kona, HI 96740
      View Details
    • $1.75 SF/Yr
      33,184 SF

      Kailua-Kona Retail Center Space

      Well-maintained shopping center in Kailua-Kona's business district.
      75-5660 Kopiko Street, Kailua Kona, HI 96740
      View Details
    • $1.25 SF/Yr
      35,439 SF

      Kona Trade Center Space Available

      Prime industrial, retail, and office spaces with high visibility.
      74-5552 & 74-5546 Kaiwi Street, Kailua Kona, HI 96740
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and office spaces in a central Kona location.
    Where is this retail space located?
    The property is located at 74-5565 Luhia Street Kailua Kona, HI.
    What is the lease rate?
    The lease rate is $1.50 SF/Yr.
    What are key features of this property?
    This property features: Central and prominent location in Kona's Old Industrial area.; Adjacent to Queen Ka'ahumanu Highway, providing easy access.; Close proximity to downtown Kona.
    (808) 329-6446
    We can help!
    Listing Contact
    Gregory Ogin
    Real Estate License ID: HI #RB-16053
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    74-5565 Luhia Street, Kailua Kona, HI 96740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!