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Property profile & analytics
OFF-MARKET Estimated value $760,000
Showrooms

74-5626 Alapa St Kailua Kona, HI 96740-3110

10,280 SF 1.36 ac lot Built 1982
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US24-0227790
Property summary
AI-generated overview

This exceptional commercial property in Kailua-Kona's Old Industrial Park offers a rare opportunity. Located at the end of Alapa Street in a metal building, this center provides 5,400 square feet of versatile space, currently featuring 4,200 square feet of vacant area. The property is zoned MG-1A and has a total of three APNs (7-4-10-43). The space is ideal for businesses requiring both office and cold storage facilities. Multiple tenancy is available, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 3,000 square feet. One of the available units boasts oversized walk-in refrigerator and freezer units already installed, representing a significant cost savings for the right tenant. This property is perfect for businesses needing a combination of executive office space and temperature-controlled storage, offering a unique blend of functionality and convenience in a desirable location. The property's location within the established Old Industrial Park provides easy access to key transportation routes and other commercial amenities. This is a prime opportunity to secure a well-appointed and strategically located commercial space in the thriving Kailua-Kona market. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1982
Total area 10,280 SF
Lot 1.36 ac (59,024 SF)
Zoning code 4A
APN 3-7-4-010-043
UPID US24-0227790
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
Current use
Occupant on record · Public records
  • West Hawaii Dance Theatre & Academy Training Center
  • Kona Wellness Center Alternative Medicine Practice Spa & Massage Center
  • West Hawaii Island Gyrotonic Gym & Fitness Center
  • Bio Ceramics Dental Laboratory Dental Office
  • RAGS German Auto Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
$537k
Blend (final) Blend
$760k
Owner & transaction history
Bank Of Hawaii · 1 yrs held
Bank Of Hawaii
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
4A · Kailua Kona, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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