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    56-113 PUALANI ROAD Hawi, HI 96719

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    Claim this Listing
    For Sale
    Under Contract
    $1,090,000

    LAND - Hawi, HI

    Lot size:
    20.80 Acres
    Added:
    Oct 7, 2024
    Days on Market:
    572
    Last Refresh:
    May 1 at 7:06 am

    Property Features for 56-113 PUALANI ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-20A
    Standard status
    Active Under Contract
    APN
    3560011210000
    Lot size
    20.80 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    200

    Utilities

    Utilities
    Electricity Available
    Water source
    Private

    We can help!

    Listing Contact
    Regan K. Matsumura

    Listing agent Regan K. Matsumura

    Listing office Coldwell Banker Island Properties - Kamuela 67-1185 Mamalahoa Hwy., #E128, Kihei, HI

    Listing date Oct 7, 2024

    MLS# 714713 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

    Hawi Ranch Estate with Ocean Views

    This 20.79 acre ranch estate features multiple building sites and offers ocean, sunset, and Maui views. Located within the gated oceanfront community of The Ranch at Puakea along the Kohala Coast in North Kohala, the property provides privacy in an old Hawaii setting. Rainfall averages range from 25 to 35 inches per year, with average year-round temperatures in the 70s and 80s. The property is one of thirteen ranch estate parcels ranging in size from 20.04 to 28.54 acres. The land was previously part of the historic Parker Ranch and the estate of Kamehameha I. An abundant supply of potable and irrigation water is provided via a private well and County water. All utilities are underground, with electric service by HELCO, phone service by Hawaiian TelCom, and TV/Internet cable by Spectrum. The Ranch at Puakea provides access to recreational options and services, with the golf resorts of Mauna Kea and Mauna Lani located 25+ minutes away. The town of Hawi is 5 minutes away, Kona International Airport is 50+ minutes away, and Waimea town is easily accessible. Property owners have deeded access to over 2,100 feet of Ranch at Puakea ocean frontage, offering views of whale watching during the winter season. The property is zoned A-20A.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Hawi
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.857
    Latitude
    20.2287

    FAQs

    What type of property is this?
    Ranch - 20.79 acre ranch estate with ocean and Maui views.
    Where is this ranch located?
    The property is located at 56-113 PUALANI ROAD Hawi, HI.
    What is the asking price?
    The asking price for this property is $1,090,000.
    What are key features of this property?
    This property features: 20.79 acre ranch estate with stunning ocean, sunset, and Maui views in a gated oceanfront community.; Enjoy access to 2,100 feet of Ranch at Puakea ocean frontage, perfect for whale watching.; Benefit from an abundant potable and irrigation water supply via private well and County water.
    (808) 938-7558
    We can help!
    Listing Contact
    Regan K. Matsumura
    Learn More
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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
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