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    2465-a Kaumualii Hwy Kalaheo, HI 96741
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    2465-a Kaumualii Hwy Kalaheo, HI 96741

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for 2465-a Kaumualii Hwy

    Year built
    1930
    Property type
    Retail properties & Spaces

    Description

    This exceptional commercial property, located at 2465-A Kaumualii Highway in Kalaheo, Hawaii, presents a rare investment opportunity. Zoned C-G Commercial-General, this property offers unparalleled visibility and accessibility in the heart of Kalaheo. The building itself is constructed of thick stone, providing a naturally cool and comfortable interior year-round, a significant advantage in the Hawaiian climate. A truly unique feature is the inclusion of an underground bomb shelter, adding both historical interest and potential for diverse uses. Beyond the building, the property boasts a generous yard enhanced by mature fruit trees, providing a tranquil setting and stunning mountain views. The location is incredibly convenient, placing the property within easy reach of a wide array of amenities. These include various restaurants and eateries, a golf course for leisure activities, the post office for business needs, Kalaheo Elementary School, several churches, local parks, and even a yoga studio, catering to a diverse community. This versatile property combines a prime location, unique historical features, and a convenient setting, making it an ideal investment for a discerning buyer seeking a standout commercial space in a thriving Hawaiian community. The property is offered at $2,950,000. The lot size is 0 acres.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kalaheo
    County
    Kauai
    State
    Hawaii
    Longitude
    -159.535
    Latitude
    21.925

    Comparable in this City

    • Value Estimation by Request
      12,257 SF

      2504 Kaumualii Hwy

      Individual retail properties • 12,257 SF
      2504 Kaumualii Hwy, Kalaheo, HI 96741
      View Details
    • Value Estimation
      $685,000
      3,191 SF

      2 Kaumualii Hwy2880e

      SHOW ROOM, WAREHOUSE • 3,191 SF
      2 Kaumualii Hwy2880e, Kalaheo, HI 96741
      View Details
    • Value Estimation by Request
      457 SF

      3470 Lauoho Rd

      SHOW ROOM, WAREHOUSE • 457 SF
      3470 Lauoho Rd, Kalaheo, HI 96741-8504
      View Details
    • Value Estimation by Request
      1,196 SF

      4434 Papalina Rd

      SHOW ROOM, WAREHOUSE • 1,196 SF
      4434 Papalina Rd, Kalaheo, HI 96741-8506
      View Details
    • Value Estimation by Request
      1,700 SF

      854 Puu Rd

      Restaurants • 1,700 SF
      854 Puu Rd, Kalaheo, HI 96741
      View Details
    • Value Estimation
      $1,625,000
      6,072 SF

      2-2741 Kaumualii Hwy

      SHOW ROOM, WAREHOUSE • 6,072 SF
      2-2741 Kaumualii Hwy, Kalaheo, HI 96741-8346
      View Details

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      Kalaheo 10.26-Acre Commercial Opportunity

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      Kalaheo Land Opportunity

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    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.

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