Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Kailua Kona Medical Office Building Title is generated by Realmo AI

    75-137 Hualalai Road, Kailua Kona, HI 96740

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,200,000

    Prime commercial opportunity in the heart of Kailua Kona.

    Type:Office
    Property size:
    5,400 SF
    Lot size:
    0.76 Acres
    Price / SF:
    $592/SF
    Added:
    Mar 6, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 6 at 12:19 am

    Property Features for 75-137 Hualalai Road

    General Information

    Standard status
    Active
    Size
    5,400 SF
    Lot size
    0.76 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1956

    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

    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

    • 100% Occupancy as a Medical Office: Provides immediate income.
    • Prime Kailua Kona Location: Centrally located with high visibility.
    • Large Fee Simple Land Parcel: 33,118 square feet offers potential.
    • Flexible V-.75 Zoning: Accommodates various business ventures.
    • Onsite Gated Private Parking: Offers convenience.
    • Established Commercial Asset: Long‑standing history with renovations in 1976.

    Overview

    This strategically located office building in Hawaii County, HI, offers an exceptional investment opportunity. The property features 5,400 SF of space and is currently 100% occupied as a medical office. This presents a compelling opportunity for an office building owner-user or investor, as the current medical operation transitions to retirement. Constructed in 1956 and renovated in 1976, the two-story building sits on 33,118 square feet of fee simple land and is zoned V-.75, providing a flexible framework for various business ventures. The property is centrally located in the heart of Kailua Kona on Hualalai Road, across from the Kona Public Library. It benefits from high visibility and vehicle and foot traffic. The location is adjacent to Alii Drive and close to the ocean, restaurants, retailers, and professional businesses. Onsite, gated private parking is available for employees and customers, with the ability to create numerous parking stalls.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kona-Kohala Health Care ... Medical Clinic Dr. Donald K. ... Physician 75-137 Hualalai Rd ... Parking Lot & Garage Kona Free Parking Parking Lot & Garage

    Map

    City
    Kailua Kona
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.985
    Latitude
    19.6357

    Nearby Similar for Sale

    • $950,000
      2,570 SF

      Remodeled Office Space, Kailua-Kona

      Prime, remodeled office space in the heart of Kailua-Kona.
      75-167 HUALALAI RD, Kailua-Kona, HI 96740
      View Details
    • $7,500,000
      25,770 SF

      Kailua-Kona Commercial Development Opportunity

      Two buildings totaling 25,770 SF on 1.38 acres.
      75-5699 KOPIKO ST, Kailua-Kona, HI 96740
      View Details
    • $1,675,000
      3,930 SF

      Kailua-Kona Multi-Family Income Property

      Two updated homes on one lot with ocean and sunset views.
      73-1153 AHIKAWA ST, Kailua-Kona, HI 96740
      View Details
    • $995,000
      8,637 SF

      Kailua-Kona Retail Arcade Opportunity

      Prime retail space in the heart of Kailua-Kona's visitor district.
      75-5719 Alii Drive, Kailua Kona, HI 96740
      View Details
    • $995,000
      8,637 SF

      Kailua-Kona Retail Arcade For Sale

      Retail arcade in the heart of Kailua-Kona's visitor center.
      75-5719 Alii Drive, Kailua Kona, HI 96740
      View Details
    • $799,000
      1,500 SF

      Kailua-Kona Commercial Property For Sale

      Commercial property in a busy industrial park near Costco.
      73-5568 MAIAU ST, Kailua-Kona, HI 96740
      View Details
    • $3,200,000
      5,400 SF

      Kailua Kona Medical Office Building

      Prime commercial opportunity in Kailua Kona, 100% occupied medical office.
      75-137 Hualalai Road, Kailua Kona, HI 96740
      View Details
    • $2,200,000
      7,456 SF

      Kailua-Kona Office Building For Sale

      Office building in the heart of Kailua-Kona with ample parking.
      75-167 Kalani Street, Kailua Kona, HI 96740
      View Details
    • $1,199,000
      1,918 SF

      Income-Producing Duplex in Kailua-Kona

      Duplex with rental potential near shopping, schools, and services.
      75-164 LUNAPULE RD, Kailua-Kona, HI 96740
      View Details
    • $11,000,000
      17,000 SF

      Kona Village Prime Property

      Unique 1.47-acre property in the heart of Kona Village.
      75-5722 Hanama Place, Kailua Kona, HI 96740
      View Details
    • $1,675,000

      Updated Multi-Family Income Property

      Two updated homes on one lot with ocean views.
      73-1153 Ahikawa Street, Kailua Kona, HI 96740
      View Details
    • $2,200,000
      7,456 SF

      Kailua-Kona Office Building For Sale

      7,456 SF office building in the heart of Kailua-Kona.
      75-167 Kalani Street, Kailua Kona, HI 96740
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Prime commercial opportunity in the heart of Kailua Kona.
    Where is this medical office space located?
    The property is located at 75-137 Hualalai Road Kailua Kona, HI.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 100% Occupancy as a Medical Office: Provides immediate income.; Prime Kailua Kona Location: Centrally located with high visibility.; Large Fee Simple Land Parcel: 33,118 square feet offers potential.
    (808) 329-6446
    We can help!
    Listing Contact
    Gregory Ogin
    Real Estate License ID: HI #RB-16053
    Learn More
    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
    75-137 Hualalai Road, 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!