Sign Up Successful!
You now have access to more from Realmo!
    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

    28-3055 Beach Rd Pepeekeo, HI 96783

    Sponsored
    For Sale
    $1,819,000

    MULTI_FAMILY - Pepeekeo, HI

    Property size:
    4,856 SF
    Lot size:
    3.54 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 29 at 5:06 pm

    Property Features for 28-3055 Beach Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    RS-7.5
    Rooms
    Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 5, Bathroom 6, Bathroom 7, Bedroom 2, Bedroom 7, Bedroom 6
    Bedrooms
    7
    Bathrooms
    7
    APN
    3280080670000
    Parking features
    Covered, Assigned
    Appliances
    Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    4,856 SF
    Lot size
    3.54 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Cesspool
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    2006
    Flooring type
    Hardwood, Vinyl

    We can help!

    Listing Contact
    Ivory Kalber

    eXp Realty, LLC (808) 384-5645

    Listing agent Ivory Kalber (808) 727-0007

    Listing date Jan 29, 2026

    MLS# 725794 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.

    Learn more

    Property Insight Report

    Overview

    Hamakua Coast Estate with Income

    Located along the Hamakua Coast in the Pepeekeo Point Subdivision, this property offers an estate-like retreat with ocean views, lush landscaping, and income potential. The 3.54-acre parcel provides privacy and security. The main residence features an open-concept living area with vaulted ceilings and ceiling fans. Large windows frame unobstructed ocean views. The kitchen is equipped with granite counter space, stainless steel appliances, and a gas cooktop. A dutch door leads to a screened lanai. Flooring in the main residence includes monkeypod hardwood in the living and primary bedroom spaces, with tile in the kitchen and baths. The primary suite includes a private teak wood lanai. The ensuite bathroom features a walk-in shower and raw edge wood vanity. Two additional bedrooms and a full bathroom offer flexibility for guests or a home office. A half-bath is located off the kitchen area. A separate 'ohana unit, previously a hosted Short-Term Vacation Rental, includes high ceilings, natural light, and modern amenities. The bathroom overlooks a seasonal creek, surrounded by mango trees and a banana grove. The landscaped grounds feature tropical flowers and fruit trees including orange, lemon, soursop, jackfruit, papaya, pineapple, and avocado. The acreage offers room for gardening and outdoor activities, along with ocean access. Located in a gated community, this property is convenient to Hilo's amenities, shopping, and dining. The property size is 4856 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    Pepeekeo
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.085885
    Latitude
    19.84771345

    Nearby Similar for Sale

    • $4,256,000
      6,253 SF

      Pepeekeo Estate with Ocean Views

      11.5 acre estate with two updated homes and subdivision potential.
      28-1187 Old Mamalahoa Hwy, Pepeekeo, HI 96783
      View Details
    • $699,000
      20.08 Acres

      20 Acres Agricultural Land, Pepeekeo

      20-acre agricultural parcel with privacy, accessibility, and agricultural potential.
      28-595 Kaupakuea Homestead Rd, Pepeekeo, HI 96783
      View Details
    • $795,000
      25.18 Acres

      Pepeekeo Land with Ocean Views

      25.18 acres of fertile farmland with ocean and mountain views.
      Onohi Loop, Pepeekeo, HI 96783
      View Details
    • $575,000

      Oceanfront Property with Views

      Hamakua oceanfront property with views to Hilo.
      Loa Rd. Lot#79, Pepeekeo, HI 96783
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Ocean view estate with lush landscaping and income potential.
    Where is this short term rental property located?
    The property is located at 28-3055 Beach Rd Pepeekeo, HI.
    What is the asking price?
    The asking price for this property is $1,819,000.
    What are key features of this property?
    This property features: - Unobstructed ocean views and cool ocean breezes from the main residence.; - Separate, permitted 'ohana unit with modern amenities, suitable for guests, extended family, or rental income.; - 3.54-acre estate-like property with lush landscaping, tropical flowers, and a variety of fruit trees.
    (808) 727-0007
    Request Owner's contact information
    28-3055 Beach Rd Pepeekeo, HI 96783
    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.
    28-3055 Beach Rd
    Pepeekeo, HI 96783
    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
    28-3055 Beach Rd Pepeekeo, HI 96783
    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

    We can help!
    Listing Contact
    Ivory Kalber
    (808) 727-0007
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.