Warehouse With Office
For Sale
$2,800,000
74-567 HONOKOHAU ST #4, Kailua Kona, HI 96740
Warehouse property with mezzanine space, three-phase power, and separately marketable bays.
Property Size7,920 SF
Price / SF$353.54
Days on Market136
Property Features for 74-567 HONOKOHAU ST #4
General Information
Standard status
Active
Size
7,920 SF
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
7,920 SF
Mezzanine
4,032 SF
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$17,856
Amenities
Corner Lot
Assigned
Building Details
Year Built
2004
Listing Agency:
GO COMMERCIAL, LLC
(808) 329-6446
Listed By:
GREGORY G. OGIN · License ##RB-16053
(808) 987-6446
Source:
Corcoran
Added: Jun 3
Changed: Oct 15
Last Checked: Oct 16 at 9:28AM
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
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Investment Insights
Based on property information with market context.
This warehouse property includes a 7,920-square-foot first floor and a 4,032-square-foot office and storage mezzanine. Built in 2004, the building is served by three-phase electric service and includes bays that may be sold separately.
The property at 74-567 Honokohau St #4 in Kailua-Kona includes five parking spaces associated with each TMK included in the transaction. TMK 3-4-24-3-4,5,11,12 are part of the sale, and a septic tank is planned for installation at the building.
The property at 74-567 Honokohau St #4 in Kailua-Kona includes five parking spaces associated with each TMK included in the transaction. TMK 3-4-24-3-4,5,11,12 are part of the sale, and a septic tank is planned for installation at the building.
Key Highlights
- 7,920 SF warehouse first floor
- 4,032 sq/ft office storage mezzanine
- Three phase electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,511
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,490,220
$2.5M
Cap Rate 7%
$1,778,729
$1.8M
Cap Rate 9%
$1,383,456
$1.4M
Market Conditions
NOI Build-Up for 7,920 SF
Gross rent
$148.3K $18.72/SF
− Vacancy
−$1.8K −$0.22/SF
EGI
$146.5K $18.50/SF
− OpEx
−$22.0K −$2.77/SF
NOI
$124.5K $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%
$2,490,220
Cap Rate 7%
$1,778,729
Cap Rate 9%
$1,383,456
Alternative Uses
Best Use
Warehouse
$1.78M
$1.56M – $2.08M
NOI $124,511 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.70M
$2.37M – $3.15M
NOI $189,206 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with mezzanine space, three-phase power, and separately marketable bays.
Where is this warehouse located?
The property is located at 74-567 HONOKOHAU ST #4 Kailua Kona, HI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 7,920 SF warehouse first floor; 4,032 sq/ft office storage mezzanine; Three phase electric service
