Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    75-5629 Kuakini Hwy Kailua-Kona, HI 96740
    Property profile & analytics

    75-5629 Kuakini Hwy, Kailua-Kona, HI 96740

    View on Map
    • Retail properties & Spaces
    • 27,735 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Firestone Complete Auto Care / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Hot Nails Salon / Nail Salon
    • First Hawaiian Bank ATM / Atm
    • Body Glove Hawaii / (Bike/Boat/Book/etc) Store
    • First Hawaiian Bank ATM, Brewery Block Kona / Atm

    Property Details for 75-5629 Kuakini Hwy

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional commercial property, located at 75-5629 Kuakini Highway (Ilima Court) in Kailua-Kona, Hawaii, presents a unique investment opportunity. The property boasts a total of 27,735 square feet, offering flexible space options for various businesses. Currently, there are multiple suites available, ranging from a minimum of 482 square feet to a maximum contiguous space of 5,412 square feet, with a total of 5,816 square feet currently vacant. The property is zoned CV-10 and sits on a generous 3.4-acre lot (APN: 3-7-4-10-39). Its strategic location on one of Kailua-Kona's busiest corners ensures high visibility and significant foot traffic, benefiting from proximity to Alii Drive and the King Kamehameha Marriott Hotel. Ample parking is available for both tenants and visitors. The property's diverse zoning allows for a variety of uses, including retail and executive office spaces, making it an ideal choice for businesses seeking a prominent presence in the heart of Kailua-Kona. The property is classified as Retail and Office, with a subtype of Executive Office and Storefront: Food Operations. This presents a versatile opportunity for a range of businesses to thrive in this high-traffic area. The property's size and layout offer significant potential for expansion or subdivision, catering to a variety of business needs. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kailua-Kona
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.997
    Latitude
    19.6429

    Comparable in this City

    • Value Estimation by Request
      9,500 SF

      75-5667 Alii Dr

      Restaurants
      75-5667 Alii Dr, Kailua-Kona, HI 96740
      View Details
    • Value Estimation by Request
      1,359 SF

      75 Henry St

      Restaurants
      75 Henry St, Kailua-Kona, HI 96740
      View Details
    • Value Estimation by Request

      755450 Makala Blvd

      Lifestyle centers
      755450 Makala Blvd, Kailua-Kona, HI 96740
      View Details
    • Value Estimation by Request
      88,780 SF

      75-5744 Ali‘i Dr

      Lifestyle centers
      75-5744 Ali‘i Dr, Kailua-Kona, HI 96740
      View Details
    • Value Estimation by Request
      864 SF

      75-240 Nani Kailua Dr

      Office Spaces
      75-240 Nani Kailua Dr, Kailua-Kona, HI 96740
      View Details
    • Value Estimation
      $4,300,000
      20,820 SF

      75-5699 Kopiko St

      COMMERCIAL (GENERAL)
      75-5699 Kopiko St, Kailua Kona, HI 96740-3651
      View Details

    Similar Nearby for Sale

    • $7,500,000
      25,770 SF

      Kailua-Kona Mixed-Use Development Opportunity

      Two buildings totaling 25,770 SF on 1.38 acres.
      75-5699 Kopiko St, Kailua Kona, HI 96740
      View Details
    • $3,400,000

      Kailua-Kona Restaurant Investment Opportunity

      Established Pizza Hut and Taco Bell in central Kailua-Kona.
      74-5620 Palani Rd, Kailua Kona, HI 96740
      View Details
    • Contact for pricing
      4,944 SF

      Kailua-Kona Retail Space - 4,944 SF

      High-visibility retail space in prime Kona location.
      75-1006 Henry St, Kailua-Kona, HI 96740
      View Details
    • $7,500,000
      25,770 SF

      Kailua-Kona Commercial Development Opportunity

      Two buildings totaling 25,770 SF on 1.38 acres.
      75-5699 Kopiko St, Kailua Kona, HI 96740
      View Details
    • $2,200,000

      Kailua-Kona Office Building For Sale

      Office building in the heart of Kailua-Kona with ample parking.
      75-167 Kalani St, Kailua Kona, HI 96740
      View Details
    • Contact for pricing

      Kaloko Industrial Office Space For Sale

      Office space in Kaloko Industrial above Costco with ocean views.
      73-5621 Maiau St, Kailua Kona, HI 96740
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Mixed-Use Commercial Complex

      Five-building complex suitable for retail, office, and industrial use.
      74-5543 Kaiwi St, Kailua Kona, HI 96740
      View Details
    • $1.75 SF/Yr

      Kailua Kona Flex Space

      Retail, office, and warehouse space in central Kona location.
      74-5605 Luhia St, Kailua Kona, HI 96740
      View Details
    • $1.50 SF/Yr

      Kona Retail and Office Space

      Retail and office spaces in a central Kona location.
      74-5565 Luhia St, Kailua Kona, HI 96740
      View Details
    • $1.75 SF/Yr

      Kailua Kona Retail/Office Warehouse Space

      Retail, office, and warehouse space in central Kona location.
      74-5599 Luhia St, Kailua Kona, HI 96740
      View Details
    • $1.50 SF/Yr

      Kailua-Kona Class A Office Space

      Class A office space near restaurants, banks, and shopping.
      74-5620 Palani Rd, Kailua Kona, HI 96740
      View Details
    • $1.25 SF/Yr

      Restaurant and Retail Space Available

      Restaurant, retail, and office spaces for rent in Kailua-Kona.
      75-5725 Alii Dr, Kailua Kona, HI 96740
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    75-5629 Kuakini Hwy
    Kailua-Kona, HI 96740
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    75-5629 Kuakini Hwy, Kailua-Kona, HI, 96740
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!