Property profile

68-1845 Waikoloa Rd Waikoloa, HI 96738

FOR SALE
Commercial real estate
Property ID
US24-0197605
43,283 SF 6.43 ac lot Built 1990
Entity Owned 3-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 43,283 SF
68-1845 Waikoloa Rd, Waikoloa, HI 96738
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Property summary

AI-generated overview

This exceptional 70,932 square foot commercial center in Waikoloa Village, Hawaii (96738), offers a unique investment opportunity. Located at 68-1845 Waikoloa Road, this multi-tenant property boasts a prime location on a busy corner, serving over 2,000 households in the immediate community and benefiting from proximity to the popular Kohala Coast resort area, just 7 miles away. The center enjoys high visibility and consistent traffic throughout the day. Currently, the center houses a diverse mix of businesses, including a well-established market, a major bank (First Hawaiian Bank), and a gas station (Texaco), along with medical services, salons, and a new food court. Available spaces range from a minimum of 450 square feet to a maximum contiguous space of 6,400 square feet, with a total of 14,440 square feet currently vacant. The property is zoned CV-7.5 and features easy street access and ample free parking, making it a highly desirable location for businesses and their customers. The property's Assessed Parcel Number (APN) is (3) 6-8-3-7. This thriving center presents a compelling opportunity to establish or expand your business in a vibrant and growing community. The property is situated in Hawaii County.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1990
Construction WOOD
Total area 43,283 SF
Lot 6.43 ac (280,091 SF)
Zoning code 3M
APN 3-6-8-003-007
UPID US24-0197605

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

68-1845 Waikoloa Rd Waikoloa, HI 96738
Waikoloa metro Census 21708 HILO, HI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2022
Last sale
$35.6M
5 recorded transactions
2022
$35.6M
2014
$22.5M
2013
Price N/A
2004
$12.8M
2000
$8.4M

Zoning & alternative use

3M · Waikoloa, HI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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