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    32 Kainehe St Kailua, HI 96734

    Sponsored
    For Sale
    $3,200,000

    Multi-tenant retail, office, & flex space.

    Property size:
    5,549 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Kailua commercial property at 32 Kainehe St, 96734, presents a unique investment opportunity. The 5,549 square foot building, situated on a 6,250 square foot lot (APN: 4-3-57-47), boasts a diverse tenant mix encompassing retail, office, and flex spaces. Currently operating at 90% occupancy, with the remaining space utilized by the seller, this property offers significant potential for both owner-users and investors. All tenants are on NNN leases set to expire within the next 12 months, providing flexibility for future development or lease renegotiation. The building, under the same ownership for over 40 years, benefits from minimal deferred maintenance and a strategic location in Kailua, Honolulu County, Hawaii, with excellent walkability and convenient access. The property is zoned B-2 and features a partial CMU construction. The asking price is $3,200,000. This is a rare chance to acquire a well-maintained, multi-tenant property in a thriving Kailua location with immediate upside potential.

    Property Features for 32 Kainehe St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,549 SF

    HighLights

    • Exceptional Kailua investment opportunity: 5,549 SF building on a 6,250 SF lot (APN: 4‑3‑57‑47).
    • Multi‑tenant property with retail, office, and flex spaces; currently 90% occupied.
    • NNN leases expiring within 12 months, offering flexibility for future plans.
    • Well‑maintained building, same ownership for over 40 years, minimal deferred maintenance.
    • Strategic Kailua location (Honolulu County, HI) with high walkability; B‑2 zoning; partial CMU construction.
    • Asking price: $3,200,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cloutier Carolyn J Social Worker Source Natural Foods Vitamin & Supplements Store Coelho Aesthetics Health And Beauty Shop C & J Contracting ... Swimming Pool Contractor Pikoakea Therapeutic Lomi Massage Therapist

    Map

    City
    Kailua
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.7456012
    Latitude
    21.3944655

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    FAQs

    What type of property is this?
    Individual retail property - Multi-tenant retail, office, & flex space.
    Where is this individual retail property located?
    The property is located at 32 Kainehe St Kailua, 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: Exceptional Kailua investment opportunity: 5,549 SF building on a 6,250 SF lot (APN: 4-3-57-47).; Multi-tenant property with retail, office, and flex spaces; currently 90% occupied.; NNN leases expiring within 12 months, offering flexibility for future plans.
    Request Owner's contact information
    32 Kainehe St Kailua, HI 96734
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    Kailua, HI 96734
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    Realmo Value Estimation

    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.

    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.

    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
    32 Kainehe St Kailua, HI 96734
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