Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Haiku Vacant Land Opportunity Title is generated by Realmo AI

    400 Kai Huki Cir, Haiku, HI 96708

    View on Map
    Claim this Listing
    For Sale
    $4,500,000

    Vacant Land - Haiku, HI

    Lot size:
    75.93 Acres
    Added:
    Feb 27, 2025
    Days on Market:
    464
    Last Refresh:
    Jun 6 at 10:06 am

    Property Features for 400 Kai Huki Cir

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    2
    Standard status
    Active
    Lot size
    75.93 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Josh Jerman
    Josh Jerman

    Listing agent Josh Jerman License #RB-19728

    Listing office Hawaii Life (W) 161 Wailea Ike Place, Suite C103, Wailea, HI

    Listing date Feb 27, 2025

    MLS# 405097 Listing URL

    Copyright © 2026 Realtors ® Association of Maui, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commanding views of the Pacific Ocean, Opana Point, Molokai, West Maui Mountains, and Haleakala.
    • Large 75.93‑acre lot plus nearly 50 acres of AG leasehold.
    • Maui County pre‑approved building envelope expedites the SMA process and ensures development flexibility.
    • Accommodates a main residence, ohana, and farm.
    • Farming and/or horse paddocks are allowed within the AG zone.
    • One of only three remaining lots in the Pe’ahi Farms estate subdivision.

    Overview

    Lot 16 in Pe’ahi Farms, a 16-lot estate subdivision at Opana Point on Maui, is available for purchase. This lot offers views of the Pacific Ocean, Opana Point, Molokai, the West Maui Mountains, and Haleakala. The property is 75.93 acres, with nearly 50 additional acres of AG leasehold that form the main loop area surrounded by Kai Huki Circle. A Maui County pre-approved building envelope covers nearly all of Lot 16, which will expedite the SMA process and allow flexibility in development. The property can accommodate various combinations of a main residence, ohana, and farm. Farming and horse paddocks are permitted within the AG zone. This is one of just three remaining lots available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Haiku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.263
    Latitude
    20.8786

    Nearby Similar for Sale

    • $2,900,000
      3,698 SF

      Haiku Estate with Rental Potential

      Secluded Haiku estate with main residence and detached cottage.
      1444 KUIAHA RD, Haiku, HI 96708
      View Details
    • $2,900,000

      Haiku Estate: Tranquil Retreat

      Secluded Haiku estate with main residence and charming Polynesian cottage.
      1444 W Kuiaha Rd, Haiku, HI 96708
      View Details
    • $3,999,000
      998 SF

      27-Acre Estate on Maui's North

      Rare 27-acre Haiku estate with panoramic views and development potential.
      Kaupakalua Rd, Haiku, HI 96708
      View Details
    • $1,950,000
      2,920 SF

      Haiku Multi-Family Home on Acreage

      Two homes on 2.86 acres in Haiku, Hawaii.
      44 Kaupakalua Road, Haiku, HI 96708
      View Details
    • $444,000

      Haiku Vacant Land Opportunity

      Build your dream home in desirable Haiku, Maui.
      50 Pauwela Rd, Haiku, HI 96708
      View Details
    • $774,000

      Haiku Vacant Land with Ocean Views

      1.5-acre agricultural parcel with unobstructed ocean and mountain views.
      2865 Hana Hwy, Haiku, HI 96753
      View Details
    • $1,499,000

      Cleared Land in Haiku, Hawaii

      2.5 acres of ready-to-build land with stamped cottage plans.
      2175 Kauhikoa Rd, Haiku, HI 96708
      View Details
    • $799,000

      Haiku Vacant Land with Ocean Views

      1.777-acre CPR parcel with infrastructure in place for construction.
      57 Awalau Rd, Haiku, HI 96708
      View Details
    • $2,900,000
      3,698 SF

      Secluded Maui Estate with Inn

      Private Maui estate with main residence and charming detached cottage.
      1444 W Kuiaha Road, Haiku, HI 96708
      View Details
    • $964,000

      Vacant Land in Haiku, HI

      Cleared, level, and fenced 3-acre agricultural parcel with panoramic views.
      2865 Hana Hwy, Haiku, HI 96708
      View Details
    • $900,000

      Haiku Vacant Land Opportunity

      2.64 acres of land near the Pacific Ocean.
      210 Door of Faith Rd, Haiku, HI 96708
      View Details
    • $358,000

      Haiku Vacant Land Opportunity

      Half-acre lot ready for your dream home on Maui.
      2762 Hana Hwy, Haiku, HI 96708
      View Details

    FAQs

    What type of property is this?
    Land - 75.93 acres with ocean views in Pe’ahi Farms.
    Where is this land located?
    The property is located at 400 Kai Huki Cir Haiku, HI.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Commanding views of the Pacific Ocean, Opana Point, Molokai, West Maui Mountains, and Haleakala.; Large 75.93‑acre lot plus nearly 50 acres of AG leasehold.; Maui County pre‑approved building envelope expedites the SMA process and ensures development flexibility.
    (800) 370-3848
    We can help!
    Listing Contact
    Josh Jerman
    Josh Jerman
    Real Estate License ID: RB-19728
    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
    400 Kai Huki Cir, Haiku, HI 96708
    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!