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    1-3461 Kaumualii Hwy Hanapepe, HI 96716

    For Sale
    $1,190,000

    Leasehold Investment Opportunity in Hanapepe, Kauai

    Property size:
    13,910 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional leasehold mixed-use property, the Mariko Building, presents a compelling investment opportunity in the charming town of Hanapepe, Kauai. Located at 1-3461 Kaumualii Hwy, 96716, this 13,910 square foot building sits on a 1.256-acre lot (APN: (4) 1-8-8: 40) and offers a blend of retail, industrial, office, and flex space, including mezzanine loft offices and substantial restrooms. Constructed in 1971 and effectively renovated in 1974, the building features a durable heavy gauge metal roof and a well-maintained ventilation system. The property boasts three ingress/egress points with drive-through capability, two grade-level loading bays, and ample parking to accommodate even large vehicles like tour buses. Secured by a chain-link fence and rolling gate, the property benefits from its prominent location on a highly traveled road, offering outstanding street frontage and high traffic counts along Kaumualii Highway and Hanapepe Road. The zoning is C-G, and the property's use is subject to State DLNR approval. This unique offering presents a high barrier to entry within a thriving visitor industry and diverse consumer base. The asking price is $1,190,000, translating to $85.55 per square foot. This is a two-story building.

    Property Features for 1-3461 Kaumualii Hwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    13,910 SF
    Lot Size
    54,711 SF

    Building Details

    Stories
    2

    HighLights

    • Excellent leasehold opportunity.
    • Three ingress/egress points with drive‑through capability.
    • High‑traffic location on a major thoroughfare.
    • Excellent street frontage on Kaumualii Highway and Hanapepe Road.
    • Two grade‑level loading bays.
    • State DLNR approval required for intended use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hanapepe
    County
    Kauai
    State
    Hawaii
    Longitude
    -159.5950986
    Latitude
    21.9079892

    FAQs

    What type of property is this?
    Mixed-use property - Leasehold Investment Opportunity in Hanapepe, Kauai
    Where is this mixed-use property located?
    The property is located at 1-3461 Kaumualii Hwy Hanapepe, HI.
    What is the asking price?
    The asking price for this property is $1,190,000.
    What are key features of this property?
    This property features: Excellent leasehold opportunity.; Three ingress/egress points with drive-through capability.; High-traffic location on a major thoroughfare.
    Request Owner's contact information
    1-3461 Kaumualii Hwy Hanapepe, HI 96716
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    Hanapepe, HI 96716
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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
    1-3461 Kaumualii Hwy Hanapepe, HI 96716
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