Add Listing
    For Sale
    • 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

    16-2350 AINALOA DR Pahoa, HI 96778

    View on Map
    For Sale
    $385,000

    MULTI_FAMILY - Pahoa, HI

    Property size:
    1,632 SF
    Lot size:
    0.41 Acres
    Added:
    Feb 21, 2026
    Days on Market:
    46
    Last Refresh:
    Apr 8 at 2:06 am

    Property Features for 16-2350 AINALOA DR

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    A-1A
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1
    Standard status
    Active
    APN
    3160880700000
    Size
    1,632 SF
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1693

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank

    Building Details

    Year built
    1994
    Flooring type
    Carpet

    We can help!

    Listing Contact
    Roy F Dollwet
    Roy F Dollwet

    Listing agent Roy F Dollwet

    Listing office Hilo Bay Realty LLC 15-2714 Pahoa Village Rd. #I-2, Pahoa, HI

    Listing date Feb 21, 2026

    MLS# 728190

    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

    Two Homes on Large Lot

    This property features two homes on a single lot with a size of 18,037 square feet (0.4141 acres). Both homes are fully permitted. The property is located in Pahoa, Hawaii. The total property size is 1,632 square feet. This residential income property is zoned A-1A.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Pahoa
    County
    Hawaii
    State
    Hawaii
    Longitude
    -154.9857191
    Latitude
    19.5224275

    Nearby Similar for Sale

    • $1,400,000

      Exceptional Ranch Opportunity in Pahoa

      Well-established ranch in Pahoa, impeccably maintained and thoughtfully designed.
      15-1076 MIDDLE ROAD, Pahoa, HI 96778
      View Details
    • $165,000

      Organically Cultivated Sanctuary in Pahoa

      Boutique retreat with gardens, yoga temple, and artistic water urn.
      MAPUANA AVE lot: 155, Pahoa, HI 96778
      View Details
    • $165,000

      Organically Cultivated Sanctuary in Pahoa

      Organically cultivated food forest near Kehena Black Sand Beach.
      MAPUANA AVE lot: 157, Pahoa, HI 96778
      View Details
    • $850,000
      4,602 SF

      Spacious Family Home in Pahoa

      Large home on half-acre lot, ideal for family or rental.
      15-1485 POST OFFICE RD, Pahoa, HI 96778
      View Details
    • $450,000

      Pahoa Income Property For Sale

      One-acre property with two houses, generating $60,000 annual income.
      14-3276 Pualaa Road, Pahoa, HI 96778
      View Details
    • $450,000
      1,544 SF

      Pahoa Income Property For Sale

      One-acre property with two houses, generating rental income.
      14-3276 PUALAA RD, Pahoa, HI 96778
      View Details
    • $359,000
      792 SF

      Pahoa Mixed-Use Commercial Property

      Versatile Pahoa property zoned for commercial and residential use.
      15-2885 PAHOA VILLAGE RD, Pahoa, HI 96778
      View Details
    • $25,000

      Hawaii Food Forest Opportunity

      Stunning food forest in Pahoa, Big Island, with diverse plants.
      14-3379 PAKALANA RD, Pahoa, Pahoa, HI 96778
      View Details
    • $450,000

      Opihikao 5-Acre Fenced Property

      Cleared 5-acre lot with mature fruit trees in Opihikao.
      KAMAILI RD, Pahoa, HI 96778
      View Details
    • $799,000
      4,832 SF

      Pahoa Village Commercial Complex

      High-traffic commercial complex in Pahoa Village with multiple businesses.
      15-2874 PAHOA VILLAGE RD 5, Pahoa, HI 96778
      View Details

    FAQs

    What type of property is this?
    Single family property - Two permitted homes on a large lot in Pahoa, Hawaii.
    Where is this single family property located?
    The property is located at 16-2350 AINALOA DR Pahoa, HI.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: Two homes on one large lot (18,037 SF); Fully permitted; Opportunity to build equity through improvements
    (808) 430-3223
    We can help!
    Listing Contact
    Roy F Dollwet
    Roy F Dollwet
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!