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    Kailua Kona, HI 96740
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    Property profile & analytics

    , Kailua Kona, HI 96740

    View on Map
    • Showrooms
    • 20,970 SF
    • 1.01 lot acres
    Off-Market
    Last Sale Dec 22, 2023
    $3,309,700
    Property ID
    US24-0457658
    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
    $3,435,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details

    Year built
    2005
    Construction
    WOOD
    Lot size
    1.01 lot acres
    Zone code
    4H
    Property type
    Showrooms
    APN
    3-7-3-058-046
    APU
    373058046

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 22, 2023 $3,309,700 Ledson Ltr LLC Robin W Ledson Limited Warranty Deed —
    Sep 9, 2016 $2,250,000 Ledson,robin W Living Trust Blake Holdings 2 LLC Warranty Deed —
    Sep 21, 2007 $1,000 Blake Holdings 2 LLC Daxyn Living Trust Grant Deed · related $750k · Lef Enterprises LLC
    Jul 27, 2007 $600,000 Blake Holdings 1 LLC Daxyn Living Trust Warranty Deed · related —
    Dec 20, 2004 $600,000 Daxyn Trust Blake,richard C & Eilene M Warranty Deed —
    — — Blake Holdings 2 LLC — Deed Of Trust · related $950k · Gordon T & Annie M M Fujino

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,600,000
      ML approach
      $3,515,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,555,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kailua Kona
    County
    Hawaii
    State
    Hawaii
    Longitude
    -156.012
    Latitude
    19.6992
    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
    $35,414
    $1,340,900
    $1,968,800
    $3,309,700
    -
    $1,340,900
    $1,968,800
    $3,309,700

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      73-230 Wekeula St

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

      75-476 Hualalai Rd

      SHOW ROOM, WAREHOUSE
      75-476 Hualalai Rd, Kailua Kona, HI 96740-8922
      View Details
    • Value Estimation
      $1,415,000
      29,176 SF

      74-592 Hale Makai Pl Ste A

      SHOW ROOM, WAREHOUSE
      74-592 Hale Makai Pl Ste A, Kailua Kona, HI 96740-2729
      View Details
    • Value Estimation
      $865,000
      16,640 SF

      73-4215 Hulikoa Dr

      SHOW ROOM, WAREHOUSE
      73-4215 Hulikoa Dr, Kailua Kona, HI 96740-2671
      View Details
    • Value Estimation
      $1,110,000
      20,506 SF

      73-4906 Kamanu St

      SHOW ROOM, WAREHOUSE
      73-4906 Kamanu St, Kailua Kona, HI 96740-2690
      View Details
    • Value Estimation
      $1,160,000
      22,540 SF

      73-4786 Kanalani St

      SHOW ROOM, WAREHOUSE
      73-4786 Kanalani St, Kailua Kona, HI 96740-2600
      View Details

    Similar Nearby for Sale

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      Kailua-Kona Retail Arcade Opportunity

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      Kailua-Kona Retail Arcade For Sale

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    • Contact for pricing
      4,944 SF

      Kailua-Kona Retail Space - 4,944 SF

      High-visibility retail space in prime Kona location.
      75-1006 Henry St, Kailua-Kona, HI 96740
      View Details

    Similar Nearby for Lease

    • $1.50 SF/Yr

      Kailua-Kona Class A Office Building

      Class A office building near restaurants, banks, and shopping.
      74-5620 Palani Rd, Kailua Kona, HI 96740
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    • $1.50 SF/Yr

      Kona Retail and Office Space

      Retail and office spaces in central Kona location for rent.
      74-5565 Luhia St, Kailua Kona, HI 96740
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    • $600 /Mo

      Oceanfront Retail and Restaurant Space

      Prime oceanfront location with high visibility and excellent tenant mix.
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      View Details
    • $2 SF/Yr

      High Visibility Office/Retail Building

      Office and retail spaces with high traffic and ocean views.
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      View Details
    • $3 SF/Yr

      Retail/Office Space in Kailua Village

      Freestanding retail/office building in the heart of Kailua Village.
      75-5703 Likana Ln, Kailua Kona, HI 96740
      View Details
    • $1.25 SF/Yr

      Kona Trade Center Space Available

      Prime industrial, retail, and office spaces with high visibility.
      74-5552 Kaiwi St, Kailua Kona, HI 96740
      View Details
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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.

    More about this property
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