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    For Sale (51)

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    Volcano, HI Land Opportunity
    $56,000
    0.42 Acres

    Volcano, HI Land Opportunity

    Residential land near Volcano Village and Volcano National Park.

    Mokuna St, Volcano, HI 96785
    View details
    Pahoa Land Near Amenities
    Contact for pricing
    0.25 Acres

    Pahoa Land Near Amenities

    Approximately 0.25 acre property near Pahoa Village.

    Pahoa, HI 96778
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    Land in Puna Beach Palisades
    $225,000
    0.46 Acres

    Land in Puna Beach Palisades

    Landscaped lot near Kehena Beach with potential ocean views.

    Pahoa, HI 96778
    View details
    Kalapana Lava Lot with Views
    Contact for pricing
    0.09 Acres

    Kalapana Lava Lot with Views

    Ocean and mountain views near Kalapana's amenities.

    Chain Of Craters Rd, Pahoa, HI 96778
    View details
    Three Acre Ocean View Lot
    $350,000
    3.00 Acres

    Three Acre Ocean View Lot

    Desirable Kohala Ranch lot with ocean views and approved plans.

    59-424 Palila Pl, Kamuela, HI 96743
    View details
    Keaau Land Parcel For Sale
    $285,000
    1.06 Acres

    Keaau Land Parcel For Sale

    1.06 acre land parcel in Hawaiian Paradise Park.

    Beach Rd, Keaau, HI 96749
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    Land in Nanawale Estates
    Contact for pricing
    0.18 Acres

    Land in Nanawale Estates

    Land in Pahoa, Hawaii, with community amenities.

    Niihau Rd, Pahoa, HI 96778
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    Secluded 50-Acre Land Parcel
    $499,000
    50.00 Acres

    Secluded 50-Acre Land Parcel

    50 acres, subdividable, suitable for homesteading, farming, or hunting.

    Glenwood Rd, Mountain View, HI 96785
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    Two Homes on Large Lot
    $385,000
    1,632 SF

    Two Homes on Large Lot

    Two permitted homes on a large lot in Pahoa, Hawaii.

    16-2350 Ainaloa Dr, Pahoa, HI 96778
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    Pahoa Land with Shoreline
    $925,000
    10.57 Acres

    Pahoa Land with Shoreline

    10.57 acres of land with approximately 600' of shoreline.

    Kapoho Kalapana Rd, Pahoa, HI 96778
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    Pahoa, HI Land For Sale
    $33,000
    0.18 Acres

    Pahoa, HI Land For Sale

    Land in Nanawale Estates, close to shopping center.

    Lahaina Rd, Pahoa, HI 96778
    View details
    Ready-to-Build Corner Lot
    $119,000
    0.18 Acres

    Ready-to-Build Corner Lot

    Improved corner lot in Kehena Beach Estates with approved plans.

    12-7211 Mauka Nui St, Pahoa, HI 96778
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    Wooded Lot in Volcano, HI
    Contact for pricing
    0.19 Acres

    Wooded Lot in Volcano, HI

    8,335 sq ft lot in Pacific Paradise Mountain View Manor.

    Heno St, Volcano, HI 96785
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    3 Acres in Hawaiian Acres
    $69,000
    3.00 Acres

    3 Acres in Hawaiian Acres

    3-acre land parcel in Hawaiian Acres with available electricity.

    16-1272 Koloa Maoli Rd, Mountain View, HI 96760
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    Keaau Land Near Ocean
    $145,000
    1.00 Acre

    Keaau Land Near Ocean

    Cleared lot near the ocean with development potential.

    10Th Ave, Keaau, HI 96749
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    Improved Acre in Leilani Estates
    $100,000
    1.00 Acre

    Improved Acre in Leilani Estates

    One-acre lot with cesspool, foundation, and carport slab.

    13-3451 Oneloa St, Pahoa, HI 96778
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    Pahoa, HI Corner Lot
    $55,000
    0.20 Acres

    Pahoa, HI Corner Lot

    Corner lot near the ocean, priced to sell quickly.

    Pahoa, HI 96778
    View details
    Volcano Land Opportunity
    $75,000
    0.21 Acres

    Volcano Land Opportunity

    Two wooded lots totaling 24,850 sq ft in Volcano.

    Nahelenani St, Volcano, HI 96785
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    Volcano Land Opportunity
    $75,000
    0.36 Acres

    Volcano Land Opportunity

    Two lots totaling 24,850 sq ft near Volcano Village.

    Nahelenani St, Volcano, HI 96785
    View details
    Two Permitted Homes on One Property
    $465,000
    1,664 SF

    Two Permitted Homes on One Property

    Two homes on one acre in Keaau, Hawaii.

    15-1432 13 Ave, Keaau, HI 96749
    View details
    Ready-to-Build Lot with Approved Plans
    $125,000
    0.18 Acres

    Ready-to-Build Lot with Approved Plans

    Improved corner lot with plans, septic, and building materials.

    Pohakupele Lp, Pahoa, HI 96778
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    104+ Acre Hawaiian Forest Parcel
    $465,000
    104.34 Acres

    104+ Acre Hawaiian Forest Parcel

    Native Hawaiian forest with subdivision potential near Pahoa.

    Pahoa Kalapana Rd, Pahoa, HI 96778
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    Keaau Land on Paradise Drive
    $125,000
    1.00 Acre

    Keaau Land on Paradise Drive

    One acre of land in Hawaiian Paradise Park.

    15-1747 9Th Ave, Keaau, HI 96749
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    Improved Land Near the Ocean
    $289,000
    0.53 Acres

    Improved Land Near the Ocean

    Improved land with fruit trees near the Pacific Ocean.

    15-916 Paradise Ala Kai Dr, Keaau, HI 96749
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    Corner Lot in Fern Acres
    $65,000
    2.00 Acres

    Corner Lot in Fern Acres

    Two-acre corner lot with potential for development in Fern Acres.

    Plumeria St, Mountain View, HI 96771
    View details
    Land in Historic Miloli'i
    $48,000
    0.17 Acres

    Land in Historic Miloli'i

    Land near Makahiki Point with ocean access.

    Elima Ave, Captain Cook, HI 96704
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    Keaau Land Opportunity
    $200,000
    1.00 Acre

    Keaau Land Opportunity

    Graded lot with rock wall and paid SSPP.

    15-1499 13 Ave, Keaau, HI 96749
    View details
    Pahoa, HI Houseloft Land
    Contact for pricing
    0.18 Acres

    Pahoa, HI Houseloft Land

    Offgrid 8,040 sq ft houselot with lush tropical flora.

    Plumeria Rd, Pahoa, HI 96778
    View details
    Ocean View Acreage in Kona
    $128,000
    1.00 Acre

    Ocean View Acreage in Kona

    One acre lot with ocean views in Captain Cook, Hawaii.

    88-1484 Awapuhi Pl, Captain Cook, HI 96704
    View details
    Hakalau Land with Botanical Retreat
    $650,000
    3.63 Acres

    Hakalau Land with Botanical Retreat

    Lush Hamakua Coast property with tiny house and fruit trees.

    29-509 Chin Chuck Rd, Hakalau, HI 96710
    View details
    Lush Land in Volcano, HI
    $297,000
    15.22 Acres

    Lush Land in Volcano, HI

    15+ acres of land with fertile soil.

    Volcano Rd, Volcano, HI 96785
    View details
    Downtown Hilo Commercial Opportunity
    $1,775,000
    17,993 SF

    Downtown Hilo Commercial Opportunity

    Prime commercial property in downtown Hilo with repositioning potential.

    138 Kamehameha Ave, Hilo, HI 96720
    View details
    Kalapana Gardens Land Package
    $70,000
    0.17 Acres

    Kalapana Gardens Land Package

    Three lots with cabin, sold together in Pahoa, Hawaii.

    Pahoa, HI 96778
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    Vacant Lot in Hawaiian Parks
    Contact for pricing
    0.35 Acres

    Vacant Lot in Hawaiian Parks

    Vacant lot in Hawaiian Parks subdivision, Pahoa, Hawaii.

    15-740 Kahakai Blvd, Pahoa, HI 96778
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    Kalapana Seaview Land For Sale
    $40,000
    0.17 Acres

    Kalapana Seaview Land For Sale

    Residential lot near Kehena Black Sand Beach, Pahoa, Hawaii.

    Wehelauniu St, Pahoa, HI 96778
    View details
    Land in Pahoa Village
    $42,500
    0.26 Acres

    Land in Pahoa Village

    Residential land near Pahoa schools and shopping center.

    Kekauonohe St, Pahoa, HI 96778
    View details
    Pahoa Land with Highway Frontage
    $450,000
    8.75 Acres

    Pahoa Land with Highway Frontage

    8.75 acres of raw land near Pahoa Town.

    Pahoa, HI 96778
    View details
    Keaau Land For Sale
    $120,000
    1.00 Acre

    Keaau Land For Sale

    One acre of land in Keaau, Hawaii. SSPP paid.

    14Th Ave, Keaau, HI 96749
    View details
    Improved Land Near the Ocean
    $289,000
    0.52 Acres

    Improved Land Near the Ocean

    Improved half-acre lot near the ocean with fruit trees.

    15-920 Paradise Ala Kai Dr, Keaau, HI 96749
    View details
    Wooded Lot in Volcano, HI
    Contact for pricing
    0.28 Acres

    Wooded Lot in Volcano, HI

    Wooded lot near Volcano National Park, ideal for off-grid living.

    Rd 4, Volcano, HI 96785
    View details
    Residential Lot in Pahoa, HI
    Contact for pricing
    0.28 Acres

    Residential Lot in Pahoa, HI

    Prime building lot in Hawaiian Shores Recreational Estates.

    15-2782 Moi St, Pahoa, HI 96778
    View details
    Land in Hawaiian Shores
    Contact for pricing
    0.28 Acres

    Land in Hawaiian Shores

    Spacious lot near Pahoa, opportunity to create a legacy.

    Ono St, Pahoa, HI 96778
    View details
    Cleared Lot in Hawaiian Shores
    $32,000
    0.35 Acres

    Cleared Lot in Hawaiian Shores

    Cleared lot in a quiet neighborhood, close to amenities.

    15-2811 Lai St, Pahoa, HI 96778
    View details
    Keaau Acre of Tropical Land
    $107,000
    1.00 Acre

    Keaau Acre of Tropical Land

    Buildable one-acre lot near Pahoa and Hilo.

    8Th Ave, Keaau, HI 96749
    View details
    Luxury Estate Acreage in Pahoa
    $299,000
    11.21 Acres

    Luxury Estate Acreage in Pahoa

    Rare 11+ acre parcel ready for a private homestead.

    Hoonone Rd, Pahoa, HI 96778
    View details
    Pahoa Land for Sale
    $40,000
    0.46 Acres

    Pahoa Land for Sale

    Half-acre lot with fruit trees, sold with adjacent home.

    Aholehole St, Pahoa, HI 96778
    View details
    Pahoa Land with Mountain Views
    Contact for pricing
    0.19 Acres

    Pahoa Land with Mountain Views

    Off-grid land near the ocean, ideal for alternative energy.

    Ala Kulia Rd, Pahoa, HI 96778
    View details
    Prime Downtown Hilo Commercial Property
    $1,775,000
    17,993 SF

    Prime Downtown Hilo Commercial Property

    Exceptional commercial opportunity in the heart of downtown Hilo.

    144 Kamehameha Ave, Hilo, HI 96720
    View details
    Land Near Hawaiian Beaches Park
    Contact for pricing

    Land Near Hawaiian Beaches Park

    Land with utilities access, near park, restaurants, and shopping.

    6 Kahakai Blvd, Pahoa, HI 96778
    View details
    Graded Lot in Kaloli Point
    $200,000

    Graded Lot in Kaloli Point

    Well-maintained lot with rock wall and mature Foxtail palms.

    15-1499 13 Ave, Keaau, HI 96749
    View details
    Kalapana Seaview Land Opportunity
    $65,000

    Kalapana Seaview Land Opportunity

    Land for sale in a quiet coastal community.

    170 Kaihulali St, Pahoa, HI 96778
    View details

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    Hilo Bay Realty
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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
    Hilo Bay Realty
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