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    34-1219 Hawaii Belt Rd Papaaloa, HI 96780

    Sponsored
    For Sale
    $650,000

    LAND - Papaaloa, HI

    Lot size:
    14.20 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 4 at 6:06 pm

    Property Features for 34-1219 Hawaii Belt Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    A-20a
    APN
    3340030670000
    Lot size
    14.20 Acres

    We can help!

    Listing Contact
    Raynell Cadabona

    eXp Realty, LLC (808) 384-5645

    Listing agent Raynell Cadabona (808) 854-7765

    Listing date Feb 26, 2026

    MLS# 727460

    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 Land Opportunity

    This 14.2-acre property is located along Hawaii Island's Hamakua Coast, offering potential for farming, raising livestock, or creating a homestead. The property is situated at an elevation of approximately 500 ft, in Lava Zone 8. It is located 20.5 miles north of Hilo, with access to Highway 19. An old road through the center of the property has been cleared, and an access road along the south boundary offers the possibility to create other access points. The property is bordered on two sides by seasonal streams; the stream on the north side has a waterfall and pond. The rear of the property is bordered by a eucalyptus forest. For the past nine years, the property has been used as pastureland for cattle and before that for sweet potato farming. The towns of Hilo and Honokaa are about 30 minutes away and offer shopping, dining, banking, and medical facilities. Nearby communities of Papaaloa and Laupahoehoe offer amenities such as post offices, a public school, public swimming pool, library, gas station, police station and fire department. Historical Laupahoehoe Point Beach Park and Papaaloa Country Store and Cafe are nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Papaaloa
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.1859764
    Latitude
    19.94741812

    FAQs

    What type of property is this?
    Agricultural land - 14.2 acres ideal for farming or homesteading with ocean views.
    Where is this agricultural land located?
    The property is located at 34-1219 Hawaii Belt Rd Papaaloa, HI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - 14.2 acres ideal for farming, livestock, or homesteading with deep soil and mild climate.; - Located at a safe elevation (500 ft) in Lava Zone 8, minimizing natural hazard risks.; - Ocean views and gentle breezes offer an appealing and peaceful setting.
    (808) 854-7765
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    Papaaloa, HI 96780
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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
    34-1219 Hawaii Belt Rd Papaaloa, HI 96780
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    We can help!
    Listing Contact
    Raynell Cadabona
    (808) 854-7765
    Learn more
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