95-1178 Kaalaiki Rd, Naalehu, HI 96772
This exceptional 1.29-acre commercial property presents a significant investment opportunity in the thriving town of Naalehu, Hawaii. Located directly behind the popular Punaluu Bakery, this strategically positioned parcel enjoys high visibility and benefits from proximity to one of Hawaii's most popular tourist destinations. The property includes a substantial 5,700 square-foot warehouse, ideal for a variety of uses. Importantly, this ML-20 zoned land is approved for diverse commercial ventures, ranging from automotive repair and manufacturing to restaurants and bars. The upcoming expansion of the Hawaii County sewer network will further enhance the property's value and appeal. The site boasts excellent street frontage and ample space for extensive parking, catering to both the local community and the large influx of annual tourists. Naalehu, a historic plantation town, is renowned for its exceptional microclimate and fertile growing conditions. Its convenient location, approximately 90 minutes from Hilo and Kailua-Kona, and within 20-30 minutes of Punaluu Beach and Hawaii Volcanoes National Park, makes it an incredibly attractive location. This rare opportunity to acquire a substantial commercial property in such a desirable and high-traffic area is not to be missed. The listed square footage refers to the warehouse space
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.