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    OFF-MARKET
    Commercial real estate

    15-2950 Pahoa Vlg Rd, Pahoa, HI 96778-9739

    1,700 SF 0.03 ac lot Built 1996
    Individually Owned 8-yr Hold Free & Clear
    Property ID
    US24-0240049
    Property summary
    AI-generated overview

    Invest in this well-maintained commercial building situated in the heart of Pahoa Village, Hawaii. This property features two fully self-contained units. The ground floor currently houses a non-alcoholic kava bar with a spacious lanai and bathroom, operating under a lease expiring April 1, 2023. The bar boasts vibrant murals and artwork, reflecting its long-standing presence in the community. The upper floor comprises a newly remodeled residential apartment, complete with a kitchen, bathroom, and lanai. Modern updates include bamboo flooring in the main living area, slate flooring in the bathroom and lanai, and a new kitchen equipped with poured concrete countertops and stainless steel appliances (stove, dishwasher, refrigerator). Both floors offer lanais, and a rear stairwell connects the levels. A small backyard garden features lilliquoi and avocado plants. Enjoy distant views of Mauna Kea and Mauna Loa volcanoes from the rear lanai and rooftop. The building's location in the historic Pahoa town center offers proximity to several highly-rated restaurants (Thai, seafood, and Italian cuisine) and a soon-to-open kombucha brewery. While the downtown area is bustling, noise levels are minimal after 9 pm. This sale includes the building and land only

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1996
    Construction WOOD
    Total area 1,700 SF
    Lot 0.03 ac (1,515 SF)
    Zoning code 3M
    APN 3-1-5-012-067
    UPID US24-0240049
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Frederick M R Smith JR. · 8 yrs held
    Frederick M R Smith JR.
    since 2018
    5 recorded transactions
    2018
    $280,000
    2006
    $350,000
    2004
    $190,000
    1969
    1969
    Zoning & alternative use
    3M · Pahoa, HI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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