Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    755450 Makala Blvd Kailua-Kona, HI 96740
    Back to Search
    Property profile & analytics

    755450 Makala Blvd, Kailua-Kona, HI 96740

    View on Map
    • Lifestyle centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 755450 Makala Blvd

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 1,065 square foot retail space is located within Kona Commons, a thriving shopping center in Kailua-Kona, Hawaii. Situated at 75-5450 Makala Blvd, 96740, this single-tenant property enjoys a prime location at the corner of Queen K Highway and Makala Blvd, offering high visibility and easy highway access. Kona Commons, recognized as West Hawai'i's "Best Shopping Center" for 11 years, boasts a diverse mix of 27 national and local shops, eateries, and amenities. The center hosts frequent free family-friendly events, including artisan markets and movie nights, creating a vibrant and engaging atmosphere. This property is part of Phase 1, which opened in late 2008 and includes anchor tenants such as Petco, OfficeMax, Ross Dress for Less, Old Navy, and Island Naturals, along with 30,000 square feet of smaller shops. Phase 2, opened in 2012, features Target, McDonald's, AT&T, and Bank of Hawaii. The rental rate is negotiable, with a percentage rate of 8.0%. Common area maintenance (CAM) and insurance charges are $0.73 per square foot per month, and real property taxes (RPT) are $0.28 per square foot per month. The space is available immediately.

    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
    State
    Hawaii
    Longitude
    -156.004
    Latitude
    19.6491

    Comparable in this City

    • 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
      1,359 SF

      75 Henry St

      Restaurants
      75 Henry St, Kailua-Kona, HI 96740
      View Details
    • 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
      27,735 SF

      75-5629 Kuakini Hwy

      Office Spaces
      75-5629 Kuakini Hwy, Kailua-Kona, HI 96740
      View Details
    • Value Estimation by Request
      2.64 Acres

      74-5588 Pawai Pl

      SHOW ROOM, WAREHOUSE
      74-5588 Pawai Pl, Kailua Kona, HI 96740-1615
      View Details
    • Value Estimation
      $850,000
      6,050 SF

      73-4148 Hulikoa Dr

      SHOW ROOM, WAREHOUSE
      73-4148 Hulikoa Dr, Kailua Kona, HI 96740-2653
      View Details

    Similar Nearby for Sale

    • 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
    • $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
    • $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
    • $11,000,000

      Kona Village Prime Property

      Unique 1.47-acre property in the heart of Kona Village.
      75-5722 Hanama Pl, Kailua Kona, HI 96740
      View Details
    • $995,000

      Kailua-Kona Retail Arcade For Sale

      Retail arcade in the heart of Kailua-Kona's visitor center.
      75-5719 Alii Dr, Kailua Kona, HI 96740
      View Details
    • $995,000

      Kailua-Kona Retail Arcade Opportunity

      Prime retail space in the heart of Kailua-Kona's visitor district.
      75-5719 Alii Dr, 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
    • $1.50 SF/Yr

      Kailua Kona Retail Opportunity

      Affordable retail and office space near downtown Kona.
      77-6425 Kuakini Hwy, 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
    • $1.50 SF/Yr

      Kailua Kona Retail Space

      Affordable retail and office space with excellent parking.
      77-6425 Kuakini Hwy, Kailua Kona, HI 96740
      View Details
    • $1.25 SF/Yr

      Restaurant Space in Kailua-Kona Center

      Restaurant space available in central Kailua-Kona shopping center.
      75-5725 Alii Dr, Kailua Kona, HI 96740
      View Details
    • Contact for pricing

      Kona Shopping Center Retail Space

      Retail spaces for lease in a popular Kona shopping center.
      78-6831 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.
    755450 Makala Blvd
    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
    755450 Makala Blvd, 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!