High-Bay Flex Space with
74-567 Honokohau Street, Kailua Kona, HI 96740
For Sale
$675,000
Fee-simple commercial condominium with dedicated office, restroom, roll-up access, and reserved parking.
Property Size1,980 SF
Price / SF$340.91
Days on Market49
Property Features for 74-567 Honokohau Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Warehouse Space
Building Details
Building Size
Year Built
Listing Agency:
GO COMMERCIAL, LLC
Listed By:
Gregory Ogin · License #HI #RB-16053
(808) 987-6446
Source:
Svn-go
Added: Sep 20
Changed: Nov 3
Last Checked: Nov 6 at 7:49AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fee-simple commercial condominium offers 1,980 SF of high-bay warehouse area within a flex building completed in 2004. The unit includes an office, restroom, roll-up door, and five reserved parking spaces. ML-1a zoning supports its commercial warehouse configuration, and a new septic system is identified for 2026 installation.
The property is located above Honokohau Harbor at 74-567 Honokohau Street in Kailua Kona. It is near Kona International Airport and Kailua Kona town, with the future Queens Medical campus described as adjacent. The condominium format provides a defined commercial unit for an owner-user or investor.
The property is located above Honokohau Harbor at 74-567 Honokohau Street in Kailua Kona. It is near Kona International Airport and Kailua Kona town, with the future Queens Medical campus described as adjacent. The condominium format provides a defined commercial unit for an owner-user or investor.
Key Highlights
- 1,980 SF of high‑bay warehouse space
- Fee‑simple commercial condominium in a flex building completed in 2004
- Office, restroom, and roll‑up door included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,128
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,560
$622.6K
Cap Rate 7%
$444,686
$444.7K
Cap Rate 9%
$345,867
$345.9K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$37.1K $18.72/SF
− Vacancy
−$445 −$0.22/SF
EGI
$36.6K $18.50/SF
− OpEx
−$5.5K −$2.77/SF
NOI
$31.1K $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%
$622,560
Cap Rate 7%
$444,686
Cap Rate 9%
$345,867
Alternative Uses
Best Use
Warehouse
$444.7K
$389.1K – $518.8K
NOI $31,128 @ 7.0% cap · market cap 4.61%
Second Best
Flex RnD
$402.4K
$352.1K – $469.5K
NOI $28,170 @ 7.0% cap · market cap 4.17%
Theoretical Best
Specialty Retail
$675.7K
$591.3K – $788.4K
NOI $47,301 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Fee-simple commercial condominium with dedicated office, restroom, roll-up access, and reserved parking.
Where is this flex space located?
The property is located at 74-567 Honokohau Street Kailua Kona, HI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,980 SF of high‑bay warehouse space; Fee‑simple commercial condominium in a flex building completed in 2004; Office, restroom, and roll‑up door included
