High-Bay Flex
74-567 HONOKOHAU ST #7, Kailua Kona, HI 96740
For Sale
$675,000
Pending
Fee-simple commercial condominium with warehouse, office, restroom, roll-up access, and reserved parking.
Property Size1,980 SF
Days on Market52
Property Features for 74-567 HONOKOHAU ST #7
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Assigned
Building Details
Year Built
Listing Agency:
GO COMMERCIAL, LLC
(808) 329-6446
Listed By:
GREGORY G. OGIN · License HI RB-16053
(808) 987-6446
Source:
Corcoran
Added: Sep 19
Changed: Oct 25
Last Checked: Nov 8 at 5:35AM
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 fee-simple commercial condominium provides a flexible commercial layout with 1,980 SF of high-bay warehouse space, an office, restroom, and roll-up door. The property was built in 2004 and includes five reserved parking spaces, supporting a range of business operations requiring warehouse and office components.
The condominium is positioned above Honokohau Harbor, with proximity to Kona International Airport and Kailua Kona town. It is also adjacent to the future Queens Medical Campus in Kona, adding a notable point of reference for the surrounding area.
The condominium is positioned above Honokohau Harbor, with proximity to Kona International Airport and Kailua Kona town. It is also adjacent to the future Queens Medical Campus in Kona, adding a notable point of reference for the surrounding area.
Key Highlights
- 1,980 SF of high‑bay warehouse space
- Fee‑simple commercial condominium
- Includes office and restroom areas
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.
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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?
Flex space - Fee-simple commercial condominium with warehouse, office, restroom, roll-up access, and reserved parking.
Where is this flex space located?
The property is located at 74-567 HONOKOHAU ST #7 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; Includes office and restroom areas
