Restaurant Building with Covered
For Sale
$949,000
95-5673 MAMALAHOA HIGHWAY, Naalehu, HI 96772
Commercial Sale, Naalehu, HI
Property Size1,764 SF
Lot Size0.44 Acres
Price / SF$537.98
Days on Market8
Property Features for 95-5673 MAMALAHOA HIGHWAY
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CV-10
Interior features
Dry Bar, High Ceilings, Public Restroom, Vaulted Ceiling(s), Wet Bar
Appliances
Gas Cooktop, Indoor Grill, Range, Range Hood
Subdivision
KAWALA
Lot features
Landscaped
Standard status
Active
APN
3950210110000
Size
1,764 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
4595
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Amenities
commercial hood
fire suppression
multiple sinks
propane hookups
commercial kitchen area
storage
two restrooms
200-amp single-phase electrical service
county water
fiber-optic internet availability
newer septic system
covered lanai
high vaulted ceilings
exposed beams
abundant natural light
Building Details
Year built
1968
Floors in Building
1
Listing Agency:
United Country Real Estate-Hawaii Lifestyle Properties, LLC
(808) 400-0643
Listed By:
Teena Genge · License #RB-23650
(541) 973-0998
Added: Oct 9
Last Checked: Oct 16 at 6:06PM
MLS# 734077
Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,764-square-foot CMU building, constructed in 1968, was previously used as a restaurant. Three connected interior areas sit beneath vaulted ceilings with exposed beams and natural light. A 954-square-foot covered lanai extends along the front and sides. Food-service features include a commercial hood with fire suppression, multiple sinks, propane connections, and a commercial kitchen area; the building also has storage and two restrooms.
The 0.4419-acre property fronts Highway 11 in Na'alehu. CV-10 zoning allows a range of uses, including restaurants, bars, retail, offices, medical clinics, and residential uses, subject to applicable requirements. County water, 200-amp single-phase electrical service, fiber-optic internet availability, and a newer septic system are noted. An easement provides access to the rear, where an open area may accommodate parking or outdoor gathering, subject to applicable approvals.
The 0.4419-acre property fronts Highway 11 in Na'alehu. CV-10 zoning allows a range of uses, including restaurants, bars, retail, offices, medical clinics, and residential uses, subject to applicable requirements. County water, 200-amp single-phase electrical service, fiber-optic internet availability, and a newer septic system are noted. An easement provides access to the rear, where an open area may accommodate parking or outdoor gathering, subject to applicable approvals.
Key Highlights
- 1,764‑square‑foot CMU building on 0.4419 acres
- 954‑square‑foot covered lanai along the front and sides
- CV‑10 zoning; listed uses include restaurants, bars, retail, offices, medical clinics, and residential uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,141
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,820
$842.8K
Cap Rate 7%
$602,014
$602.0K
Cap Rate 9%
$468,233
$468.2K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$59.3K $33.60/SF
− Vacancy
−$3.1K −$1.75/SF
EGI
$56.2K $31.85/SF
− OpEx
−$14.0K −$7.96/SF
NOI
$42.1K $23.89/SF
Area
Hawaii County, HI
Vacancy
5.20%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,820
Cap Rate 7%
$602,014
Cap Rate 9%
$468,233
Alternative Uses
Best Use
Specialty Retail
$602.0K
$526.8K – $702.4K
NOI $42,141 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Demographics for 96772, HI
2,579
Population
1,289
Households
2
Avg Household Size
51
Median Age
25%
College-Educated
93%
High-School Grad
207.4 sq mi
ZIP Area
12
Density / Sq Mi
$61,250
Median Household Income
$35,100
Median Earnings
$1,509
Median Rent
$396,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - CV-10 zoning supports restaurant, retail, office, medical, and residential uses, subject to applicable requirements.
Where is this conventional restaurant located?
The property is located at 95-5673 MAMALAHOA HIGHWAY Naalehu, HI.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 1,764‑square‑foot CMU building on 0.4419 acres; 954‑square‑foot covered lanai along the front and sides; CV‑10 zoning; listed uses include restaurants, bars, retail, offices, medical clinics, and residential uses
