Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    15-2005 2ND AVE Keaau, HI 96749

    View on Map
    Claim this Listing
    For Sale
    $194,500

    LAND - Keaau, HI

    Lot size:
    1.00 Acre
    Added:
    Nov 21, 2024
    Days on Market:
    530
    Last Refresh:
    May 5 at 5:06 pm

    Property Features for 15-2005 2ND AVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1A
    Standard status
    Active
    APN
    3150290170000
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    842

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Zana Baker

    Listing agent Zana Baker

    Listing office Coldwell Banker Island Properties - Hilo 101 Hualalai Street, Kihei, HI

    Listing date Nov 21, 2024

    MLS# 715841 Listing URL

    Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Serene One-Acre Lot in Keaau

    This one-acre lot, staked in 2017, offers a ready-to-build canvas for a dream home or getaway retreat. Located a few blocks from the ocean cliffs, the property provides a peaceful environment with the sounds of crashing waves. Situated at the end of a quiet dead-end street, the lot is surrounded by lush tropical greenery. The location is suitable for cultivating gardens and enjoying year-round fruit and vegetable harvests. Trees create a natural privacy barrier, offering seclusion while allowing sunlight. The lot borders undeveloped Shipman property, with no current development plans. The zoning is A-1A.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Keaau
    County
    Hawaii
    State
    Hawaii
    Longitude
    -154.964607
    Latitude
    19.597453

    Nearby Similar for Sale

    • $535,000
      2,392 SF

      Remodeled Duplex on Large Lot

      Two-unit home with modern upgrades and fruit trees.
      15-1477 25TH AVE, Keaau, HI 96749
      View Details
    • $439,000
      1,664 SF

      Two Homes, One Property

      Two permitted homes on one lot, investment or multigenerational living.
      15-1432 13TH AVE, Keaau, HI 96749
      View Details
    • $1,150,000
      2,692 SF

      Income-Generating Dual-Home Property

      Two permitted homes on a 1-acre lot with county water.
      15-1746 23RD AVE, Keaau, HI 96749
      View Details
    • $118,000

      One Acre Lot in Keaau

      One-acre lot in Hawaiian Paradise Park subdivision.
      3RD AVE, Keaau, HI 96749
      View Details
    • $320,000

      Ocean View Acreage in Keaau

      Rare ocean-minded 0.95-acre lot near Beach Road.
      15-1873 1ST AVE, Keaau, HI 96749
      View Details
    • $149,000

      Undeveloped 1-Acre Lot in Keaau

      Lush 1-acre lot ideal for building a dream home.
      16TH AVE, Keaau, HI 96749
      View Details
    • $160,000

      Desirable 1 Acre Land Parcel

      One-acre land parcel in Hawaiian Paradise Park, near the ocean.
      1ST AVE, Keaau, HI 96749
      View Details
    • $428,888

      Ocean View Lot in Keaau

      Cleared, leveled lot with ocean views in Hawaiian Paradise Park.
      PARADISE ALA KAI, Keaau, HI 96749
      View Details
    • $109,000

      Lightly Wooded Lot in Keaau

      Located in Hawaiian Paradise Park, close to Hilo and Keaau.
      RAILROAD AVE, Keaau, HI 96749
      View Details
    • $140,000

      One Acre Parcel in Keaau

      One-acre parcel in Hawaiian Paradise Park, near Kaloli Drive.
      3RD AVE, Keaau, HI 96749
      View Details
    • $175,000

      Partially Cleared Land in Keaau

      Partially cleared lot with well and septic system in place.
      3RD AVE, Keaau, HI 96749
      View Details
    • $135,000

      One Acre Vacant Land Parcel

      One-acre vacant lot in Hawaiian Paradise Park, ready to build.
      15-1740 19TH AVE, Keaau, HI 96749
      View Details

    FAQs

    What type of property is this?
    Land - One-acre grassy lot near the ocean, ready to build.
    Where is this land located?
    The property is located at 15-2005 2ND AVE Keaau, HI.
    What is the asking price?
    The asking price for this property is $194,500.
    What are key features of this property?
    This property features: One‑acre lot a few blocks from the Pacific Ocean.; Ready‑to‑build, fairly level grassy lot.; Located at the end of a quiet, dead‑end street.
    (808) 747-6615
    We can help!
    Listing Contact
    Zana Baker
    Learn More
    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.
    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

    Thank You for Inquiry
    15-2005 2ND AVE, Keaau, HI 96749
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!