Mixed-Use Property with
For Sale
$850,000
Pending
78-7010 Mamalahoa Highway, Holualoa, HI 96725
Leasehold asset combines a neighborhood store with two residential dwelling areas.
Property Size3,888 SF
Days on Market394
Property Features for 78-7010 Mamalahoa Highway
General Information
Standard status
Pending
Size
3,888 SF
Property subtype
Farm
Amenities
3
RA-.5A
No Parking.
Ocean
Farm, Country Road.
Building Details
Year Built
1941
Stories
2
Listing Agency:
(808) 326-7818
Listed By:
Kona Resort Properties
(808) 937-4094
Source:
Xome
Added: Aug 4, 2025
Changed: Aug 30
Last Checked: Aug 31 at 3:36PM
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 Kona Resort Properties
Investment Insights
Based on property information with market context.
Located at 78-7010 Mamalahoa Highway in Holualoa, this leasehold mixed-use property includes a longstanding neighborhood store and residential space within a 3888-square-foot structure. The upper level contains a one-bedroom, one-bath dwelling, while the lower level provides a two-bedroom, one-bath dwelling.
The property occupies 1.7 acres with coffee and assorted fruit trees. Building improvements include a roof replacement completed in 2010, fully upgraded electrical wiring, and two separate electric meters. Historic items remain displayed in the store area, adding to the character of the commercial space. The property is subject to an agricultural lease with 17 years remaining and has no parking identified.
The property occupies 1.7 acres with coffee and assorted fruit trees. Building improvements include a roof replacement completed in 2010, fully upgraded electrical wiring, and two separate electric meters. Historic items remain displayed in the store area, adding to the character of the commercial space. The property is subject to an agricultural lease with 17 years remaining and has no parking identified.
Key Highlights
- 3888‑square‑foot mixed‑use structure with storefront and two dwelling areas
- 1.7‑acre agricultural leasehold property with coffee and various fruit trees
- Upper dwelling includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,374
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,467,480
$1.5M
Cap Rate 7%
$1,048,200
$1.0M
Cap Rate 9%
$815,267
$815.3K
Market Conditions
NOI Build-Up for 3,888 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$128.3K $33.00/SF
− Vacancy
−$10.9K −$2.81/SF
EGI
$117.4K $30.20/SF
− OpEx
−$44.0K −$11.32/SF
NOI
$73.4K $18.87/SF
Area
Hawaii County, HI
Vacancy
8.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,467,480
Cap Rate 7%
$1,048,200
Cap Rate 9%
$815,267
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,975 @ 7.0% cap · market cap 9.88%
Second Best
Mixed Use
$1.05M
$917.2K – $1.22M
NOI $73,374 @ 7.0% cap · market cap 8.63%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,883 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96725, HI
4,094
Population
1,690
Households
2.4
Avg Household Size
45
Median Age
38%
College-Educated
93%
High-School Grad
96.2 sq mi
ZIP Area
43
Density / Sq Mi
$88,426
Median Household Income
$41,925
Median Earnings
$1,528
Median Rent
$840,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Leasehold asset combines a neighborhood store with two residential dwelling areas.
Where is this mixed-use property located?
The property is located at 78-7010 Mamalahoa Highway Holualoa, HI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3888‑square‑foot mixed‑use structure with storefront and two dwelling areas; 1.7‑acre agricultural leasehold property with coffee and various fruit trees; Upper dwelling includes 1 bedroom and 1 bathroom
