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    5392 Koloa Rd Koloa, HI 96756

    For Lease
    Contact for pricing

    Historic Kaua'i retail village, multiple suites available

    Lot size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents 24,000 square feet of prime retail space in the heart of Old Koloa Town, Kaua'i. Located at 5392 Koloa Rd, Koloa, HI 96756, this historic street-front shopping village comprises sixteen single-story buildings, totaling 29 suites, situated on 12 acres of land (APN: 4-2-8-008-020-0000). Currently, 1,238 square feet are vacant, offering immediate potential for new tenants. Suite sizes range from 94 to 1,321 square feet, catering to a variety of retail businesses. Built in 1923, the property benefits from a CG zoning designation and is conveniently located near Koloa Road. The property's location within the thriving Po'ipu resort district provides unparalleled access to a substantial tourist market. The area boasts 3,386 visitor lodging units across eight world-class resorts, ensuring a consistent flow of potential customers. Kaua'i's robust tourism sector, evidenced by 1,416,856 visitors in 2023 (a 3.4% increase from 2019), further underscores the investment potential. This established retail center offers a unique blend of history and modern commercial viability, making it an attractive proposition for discerning investors seeking a strong return in a desirable location. The property has no elevators.

    Property Features for 5392 Koloa Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF

    Building Details

    Year Built
    1923
    Buildings
    16
    Stories
    1

    Unit(s) available at that property

    Space
    18-1
    Size
    94 SF
    Space
    Space 16
    Size
    973 SF
    Space
    Space 17
    Size
    1,321 SF
    Space
    FT-2
    Size
    150 SF

    HighLights

    • Kauai welcomed 1,416,856 visitors in 2023.
    • Kauai's visitor spending surged to $2.76 billion in 2023, a 24.1% increase over 2022.
    • Air seats to Kauai in 2023 reached 981,373, nearly fully recovering to 2019 levels.
    • Kauai's average daily visitor count was 28,888 in 2023.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sueoka’s Snack Shop American Restaurant Sueoka Market Grocery Store First Hawaiian Bank ... Atm Elite Kaua'i Car ... Car Rental Agency Elite Activities of Hawai’i Travel Agency

    Map

    City
    Koloa
    County
    Kauai
    State
    Hawaii
    Longitude
    -159.466282105
    Latitude
    21.90386569057

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    FAQs

    What type of property is this?
    Retail property - Historic Kaua'i retail village, multiple suites available
    Where is this retail property located?
    The property is located at 5392 Koloa Rd Koloa, HI.
    What are key features of this property?
    This property features: Kauai welcomed 1,416,856 visitors in 2023.; Kauai's visitor spending surged to $2.76 billion in 2023, a 24.1% increase over 2022.; Air seats to Kauai in 2023 reached 981,373, nearly fully recovering to 2019 levels.
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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
    5392 Koloa Rd Koloa, HI 96756
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