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    74-5543 Kaiwi St Kailua Kona, HI 96740
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    74-5543 Kaiwi St, Kailua Kona, HI 96740

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    • Showrooms
    • 20,304 SF
    • 1.78 lot acres
    For Lease
    $1,310,000
    View Listing →
    Versatile Mixed-Use Commercial Complex For Lease
    $1,310,000

    Versatile Mixed-Use Commercial Complex

    Five-building complex suitable for retail, office, and industrial use.

    Kailua Kona, HI 96740
    View Listing
    Property ID
    US24-0027521
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Smart Start Ignition Interlock / Building Supply / General Contractor
    • Cut Loose / Hair Salon / Nail Salon
    • Kawika's Painting / Painting Service / General Contractor
    • VFW Kailua Kona / Charitable Organization / Social Service Agency
    • Ace Auto Glass - Kona / Auto Repair Shop / (Bike/Boat/Book/etc) Store

    Property Details for 74-5543 Kaiwi St

    Year built
    1974
    Construction
    MIXED
    Lot size
    1.78 lot acres
    Zone code
    4A
    Property type
    Showrooms
    APN
    3-7-4-010-016
    APU
    374010016

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 23, 2024 — Bank Of Hawaii Ula Kapa Moe LLC Assignment Of Lease (leasehold Sale) —
    Dec 26, 2014 $277,111 74-5583 Pawaie LLC Comm 2006-c8 Kaiwi Street LLC Grant Deed —
    Dec 26, 2014 — 74-5583 Pawai LLC Comm 2006-c8 Kaiwi Street LLC Grant Deed · related —
    Apr 20, 2012 $2,100,000 Comm 2006-c8 Kaiwi Street LLC Commissioner Of Hawaii County Grant Deed · related —
    Aug 31, 2007 $2,701,000 Fpa Gold Coast Associates LLC Gold Coast Kona LLC Grant Deed · related —
    Oct 27, 2006 — Gold Coast Kona LLC Goldcoast Inv Co Quit Claim Deed · related $7.8M · Not Available Not Available
    — — Gold Coast Investment Co — Deed Of Trust · related $2.3M · Belgravia Capital Corp
    — — Gold Coast Kona LLC — Deed Of Trust · related $7.8M · Lasalle National Bank

    Description

    This exceptional five-building complex, located at 74-5543 Kaiwi Street in Kailua-Kona, Hawaii (96740), offers a diverse range of commercial spaces ideal for various business needs. The Gold Coast Business Center III boasts a total of 20,154 square feet of space, encompassing retail, office, and industrial uses. Multiple tenancy options are available, with spaces ranging from a minimum of 356 square feet to a maximum contiguous space of 2,520 square feet. Currently, 8,483 square feet are vacant and ready for immediate occupancy. The property features durable metal construction buildings suitable for general manufacturing, providing an excellent opportunity to combine manufacturing with retail or office space for showcasing and selling your products. On-site parking is available. The property's APN is (3) 7-4-10: 16 & 17, and it's situated in Hawaii County. This prime location in Kailua-Kona offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a thriving commercial environment. The flexible space options cater to a wide array of business sizes and types, ensuring a perfect fit for your specific requirements. Don't miss this chance to establish your business in this well-maintained and strategically located complex.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $943,000
      Market price range: $555k - $2.96M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kailua Kona
    County
    Hawaii
    State
    Hawaii
    Longitude
    -156.001
    Latitude
    19.6438
    CBSA code
    25900
    CBSA name
    HILO, HI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $47,705
    $1,786,500
    $2,441,500
    $4,228,000
    -
    $1,786,500
    $2,441,500
    $4,228,000

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    Kailua Kona, HI 96740
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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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