Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    75-5597 Palani Rd, Unit A Kailua Kona, HI 96740-1661

    • Commercial real estate
    • 11,072 SF
    • 0.99 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2023
    $3,000,000
    Value Estimations
    $3,145,000
    Show details
    Cap Rate Potential
    6.4%
    Commercial real estate
    Location Intelligence
    Property ID
    US24-0449984
    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.

    Current Use by Public Records

    • Brett Carey / Physician
    • Fitness Forever Kailua-Kona / Gym & Fitness Center

    Property Details for 75-5597 Palani Rd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.99 lot acres
    Property size
    11,072 SF
    Zone code
    3C
    Property type
    Commercial real estate
    APN
    3-7-5-004-040
    APU
    375004040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,265,000
      ML approach
      $3,240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,480,000
      6.5%
      $3,215,000
      7%
      $2,985,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kailua Kona
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.994
    Latitude
    19.6432
    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
    2023
    $29,525
    $1,340,500
    $1,276,300
    $2,616,800
    -
    $1,340,500
    $1,276,300
    $2,616,800

    Comparable in this City

    • Value Estimation by Request
      0.00 Acres

      73-230 Wekeula St

      COMMERCIAL (GENERAL) • 0.00 Acres
      73-230 Wekeula St, Kailua Kona, HI 96740-5640
      View Details
    • Value Estimation by Request
      0.02 Acres

      73-230 Wekeula St

      SHOW ROOM, WAREHOUSE • 0.02 Acres
      73-230 Wekeula St, Kailua Kona, HI 96740-5640
      View Details
    • Value Estimation by Request
      0.00 Acres

      73-230 Wekeula St

      COMMERCIAL (GENERAL) • 0.00 Acres
      73-230 Wekeula St, Kailua Kona, HI 96740-5640
      View Details
    • Value Estimation by Request
      0.01 Acres

      73-400 Kupipi St, Unit 307-109

      COMMERCIAL (GENERAL) • 0.01 Acres
      73-400 Kupipi St, Kailua Kona, HI 96740-2647
      View Details
    • Value Estimation by Request
      0.01 Acres

      73-230 Wekeula St

      COMMERCIAL (GENERAL) • 0.01 Acres
      73-230 Wekeula St, Kailua Kona, HI 96740-5640
      View Details
    • Value Estimation by Request
      0.00 Acres

      73-230 Wekeula St

      COMMERCIAL (GENERAL) • 0.00 Acres
      73-230 Wekeula St, Kailua Kona, HI 96740-5640
      View Details

    Similar Nearby for Sale

    • $15,000,000
      24.22 Acres

      Honokōhau Nui Commercial Land

      24-acre commercial/industrial lot, Kona, HI
      123 Queen Ka'ahumanu Hwy, Kailua-Kona, HI 96740
      View Details
    • Contact for pricing
      145.54 Acres

      Honokohau Nui Commercial Land

      145 Acres, Kailua-Kona, Hawaii
      0 Queen Ka'ahumanu Hwy, Kailua-Kona, HI 96740
      View Details
    • Contact for pricing
      1.50 Acres

      Kona Agricultural Land for Sale

      Hawaii Highway Frontage Lots
      0 Queen Ka'ahumanu Hwy, Kailua-Kona, HI 96740
      View Details
    • $5,355,702
      2.46 Acres

      Kona Industrial Land - Prime Location

      2.46 Acres, $5M+, Highway Frontage
      74-4925 Queen Ka'ahumanu Hwy, Kailua-Kona, HI 96740
      View Details
    • $2,200,000
      7,456 SF

      Kailua-Kona Office Building For Sale

      7,456 SF office building in the heart of Kailua-Kona.
      75-167 Kalani St, Kailua Kona, HI 96740
      View Details
    • $676,000
      0.36 Acres

      Kailua-Kona Land in Bayview Estates

      Rare opportunity to build your dream home in Kailua-Kona.
      78-7011 Kewalo St, Kailua Kona, HI 96740
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      6,326 SF

      Kailua-Kona Retail Space Available

      Prime Kailua-Kona retail building, three suites.
      75-934 Henry St, Kailua-Kona, HI 96740
      View Details
    • $1.50 SF/Yr
      37,508 SF

      Kona Retail and Office Space

      Retail and office spaces in central Kona location for rent.
      74-5565 Luhia St, Kailua Kona, HI 96740
      View Details
    • $1.75 SF/Yr
      16,184 SF

      Kaloko Warehouse Space For Lease

      Warehouse space in Kaloko Light Industrial Area available 7/1/25.
      73-5568 Kalhoula St, Kailua Kona, HI 96740
      View Details
    • $600 /Mo
      21,117 SF

      Oceanfront Retail and Restaurant Space

      Prime oceanfront location with high visibility and excellent tenant mix.
      75-5770 Alii Dr, Kailua Kona, HI 96740
      View Details
    • $1.75 SF/Yr
      16,290 SF

      Kailua-Kona Medical Office Space

      Well-maintained office building in the heart of Kailua-Kona.
      75-184 Hualalai Rd, Kailua Kona, HI 96740
      View Details
    • Contact for pricing
      1,065 SF

      Kona Commons Retail Space

      Kailua-Kona retail space, 1,065 sq ft.
      755450 Makala Blvd, 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.
    75-5597 Palani Rd, Unit A
    Kailua Kona, HI 96740-1661
    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

    Google sign-in failed. Please try again or use another login method.