SOLD 06/04/2015
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65-1300 Kawaihae Rd, Kamuela, HI 96743
$2,650,000 $2,995,000
Commercial
sold
14,562 sqft
Neighborhood:
Nob Hill
Sold 06/04/2015
$2,650,000 $2,995,000
14 min drive to the beach
11 min drive to the golf
17 min drive to Mauna Kea Beach
15 min drive to Kawaihae
About lifestyles
Kamuela Inn is a well run fee simple hotel of 32 rooms with strong cash flow. Clean and well maintained with a good reputation and guest loyalty. Property features peaceful and tranquil surroundings, landscaping, continental breakfast/lunch room, laundry facilities, business office and front desk. This property is priced for sale at a 7.9% CAP rate based on 12 month trailing numbers. ADRs are low for area, with upside potential. With strong revenues, occupancy, NOI that continue to grow, and limited competition in the market, this property is an exceptional investment opportunity.
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Details
1961 year built
- Year Built 1961
- Original list price $3,250,000
- Days on market 318
- Price per sqft $182/sqft
-
Address
65-1300 Kawaihae Rd, Kamuela, HI, 96743
- Frontage Other
- Neighborhood Nob Hill
- Land area 41,000 sqft / 0.941 acres
- Total Interior Area 14,562 sqft
- City of Big Island Kamuela
- Region South Kohala
- Island Big Island
- Land tenure FS - Fee Simple
- Number of Units 32
- Gross Income 718491
- Annual Expenses 481700
- Net Operating Income 236791
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$13,512
Taxes
$1,332
HOA dues
$0
Mortgage
Down payment
$530,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$13,512 / month
Neighborhood: Nob Hill
Nearby & commute
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
Amenities & Features
Asphalt floors
Roof
Aluminum/Steel
Property Condition
Above Average
Business Type
Hotel/Motel
Construction/Exterior Finish
Concrete Block
Air Conditioning
None
Loading
None
Floor Covering
Asphalt
Income Information Source
Owner
Expense Information Source
Owner
Easements
Utility, Water
Documents Available
P&L
Lessee/Tenant Pays
AC Maintenance
Parking
On Site
Utilities Included
Light Electricity
Amenities
Office, Private Restroom, Recreation Area
Nob Hill prices
Average price $1.46m
Neighborhood average sales price*
$1.46m
Neighborhood median sales price*
$1.46m
Number or sales*
2
Street median sales price*
$1.51m
*last 6 months
Schools
15 schools with rating up to 7
| School rating | Distance | |
|---|---|---|
|
Hawaii Preparatory Academy
65-1692 Kohala Mountain Road,
Waimea, HI 96743
Elementary School
|
0.134mi | |
|
Hawaii Preparatory Academy
65-1692 Kohala Mountain Road,
Waimea, HI 96743
Middle School
|
0.134mi | |
|
Hawaii Preparatory Academy
65-1692 Kohala Mountain Road,
Waimea, HI 96743
High School
|
0.134mi |
| School rating | Distance | |
|---|---|---|
|
Hawaii Preparatory Academy
65-1692 Kohala Mountain Road,
Waimea, HI 96743
|
0.134mi | |
|
Parker School
65-1224 Lindsey Road,
Waimea, HI 96743
|
1.671mi | |
| out of 10 |
Waimea Elementary School
671225 Mamalahoa Hwy,
Kamuela, HI 96743
|
1.757mi |
| out of 10 |
Kanu O Ka Aina - New Century Public Charter School
64-1043 Hiiaka Street,
Kamuela, HI 96743
|
2.816mi |
|
Waimea Country School
65-1237 Kawaihae Rd,
Kamuela, HI 96743
|
3.963mi |
| School rating | Distance | |
|---|---|---|
|
Hawaii Preparatory Academy
65-1692 Kohala Mountain Road,
Waimea, HI 96743
|
0.134mi | |
|
Parker School
65-1224 Lindsey Road,
Waimea, HI 96743
|
1.671mi | |
| out of 10 |
Waimea Middle - Pccs
671229 Mamalahoa Hwy,
Kamuela, HI 96743
|
1.78mi |
| out of 10 |
Kanu O Ka Aina - New Century Public Charter School
64-1043 Hiiaka Street,
Kamuela, HI 96743
|
2.816mi |
|
Waimea Christian Academy
65-1078 Mamalahoa Hwy,
Kamuela, HI 96743
|
7.977mi |
| School rating | Distance | |
|---|---|---|
|
Hawaii Preparatory Academy
65-1692 Kohala Mountain Road,
Waimea, HI 96743
|
0.134mi | |
|
Parker School
65-1224 Lindsey Road,
Waimea, HI 96743
|
1.671mi | |
| out of 10 |
Kanu O Ka Aina - New Century Public Charter School
64-1043 Hiiaka Street,
Kamuela, HI 96743
|
2.816mi |
| out of 10 |
Honokaa High & Intermediate School
45527 Pakalana St,
Honokaa, HI 96727
|
15.382mi |
| out of 10 |
Kohala High School
543611 Akoni Pule Hwy,
Kapaau, HI 96755
|
16.731mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Jun 4, 2015
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jun 4, 2015 | Sold | $2,650,000 | $181.98 | Public Record |
| May 12, 2015 | In Escrow - still showing | $2,995,000 | $205.67 | MLS #201415395 |
| Apr 8, 2015 | Back On Market | $2,995,000 | $205.67 | MLS #201415395 |
| Feb 25, 2015 | In Escrow - still showing | $2,995,000 | $205.67 | MLS #201415395 |
| Oct 6, 2014 | Price Decrease | $2,995,000 -7.85% | $205.67 | MLS #201415395 |
| Jul 22, 2014 | New Listing | $3,250,000 | $223.18 | MLS #201415395 |
Tax & MLS details 65-1300 Kawaihae Rd, Kamuela, HI, 96743
20 - Resort zoning / MLS #201415395
Current Property Taxes p/month
$1,332
Property Tax Year
2014
Assessed Improvement value
$775,100
Assessed Land value
$697,000
TMK
3-6-5-007-054-0000
Land Recorded
Regular System
Zoning
20 - Resort
Flood Zone
Zone X
Total Assessed value
$1,472,100
Listed by
Coldwell Banker Pacific Prop.
MLS #
201415395
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Recently sold nearby 65-1300 Kawaihae Rd in Nob Hill
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Frequently asked questions for 65-1300 Kawaihae Rd
What is 65-1300 Kawaihae Rd?
65-1300 Kawaihae Rd is a Commercial/Industrial
How many units does it have?
65-1300 Kawaihae Rd has 32 units.
What is the rental income?
The net income is $236,791
*check with agent
What is the full address of this commercial?
65-1300 Kawaihae Rd, Kamuela, HI, 96743.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Coldwell Banker Pacific Prop.. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on June 04, 2015.
Hawaii House Last checked 1 minute ago.
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