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

    59-127 Honukai Pl Kamuela, HI 96743

    View on Map
    Sponsored
    For Sale
    $589,000

    LAND - Kamuela, HI

    Lot size:
    1.04 Acres
    Days on Market:
    20
    Last Refresh:
    Mar 16 at 10:06 pm

    Property Features for 59-127 Honukai Pl

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    A-1a
    APN
    3590050840000
    Lot size
    1.04 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Private

    We can help!

    Listing Contact
    Dan Ishikawa
    Dan Ishikawa

    Hawaii Life Real Estate Brokers (800) 370-3848

    Listing agent Dan Ishikawa (808) 557-5847

    Listing date Feb 24, 2026

    MLS# 726642 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

    Prime Vacant Lot Opportunity

    This vacant lot in Kohala By the Sea presents a rare opportunity for building. Situated at the edge of the subdivision, the 1.042-acre parcel benefits from fewer neighboring homes and desirable topography. The location provides sweeping ocean and coastline views, sunsets, and mountain vistas. Cooling trade winds and open skies enhance the Kohala Gold Coast feel. The property is located in a gated community of approximately 73 one-acre lots along the Kohala Gold Coast, minutes from beaches, resorts, golf, dining, and shopping. A short drive upcountry leads to Waimea town, known for its schools, hospital, farmers markets, and arts. This parcel was staked by a licensed surveyor in February of 2026, all boundary pins are flagged and visible. The zoning is A-1a.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kamuela
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.8442548
    Latitude
    20.06601081

    Nearby Similar for Sale

    • $525,000
      616 SF

      Turnkey Commercial Condo in Waimea

      Immaculately renovated commercial condo with highway frontage and flexible zoning.
      64-1061 Mamalahoa Hwy, Kamuela, HI 96743
      View Details
    • $325,000
      477 SF

      Renovated Waimea Office Condominium

      Turnkey office in central Waimea, near dining and retail.
      65-1265 Opelo Rd, Kamuela, HI 96743
      View Details
    • $249,400
      342 SF

      Waimea Office with Natural Light

      Commercially zoned office space in a desirable Waimea location.
      65-1241 Pomaikai Pl, Kamuela, HI 96743
      View Details
    • $7,999,000
      14,935 SF

      Waimea Commercial Property For Sale

      Two fully occupied warehouse buildings with storage, retail, and residential uses.
      64-1015 Mamalahoa Hwy, Kamuela, HI 96743
      View Details
    • $3,999,000
      6,200 SF

      64-1013 MAMALAHOA HIGHWAY, Kamuela, HI 96743

      Mixed-use properties • 6,200 SF
      64-1013 Mamalahoa Hwy, Kamuela, HI 96743
      View Details
    • $2,500,000

      Waimea Retail Complex: Prime Location

      Established commercial complex, high-traffic area, ample parking.
      65-1290 Kawaihae Rd, Kamuela, HI 96743
      View Details
    • $295,000

      Waimea Office Space: Prime Location

      Upscale Office, 375 sq ft, Waimea
      65-1235 Opelo Rd, Kamuela, HI 96743
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare opportunity to build in Kohala By the Sea.
    Where is this residential land & home lot located?
    The property is located at 59-127 Honukai Pl Kamuela, HI.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: - Sweeping ocean, coastline, and mountain views with intimate sunsets.; - Rare vacant lot in Kohala By the Sea, a gated community on the Kohala Gold Coast.; - Excellent topography and a blank-canvas feel for custom home design.
    (808) 557-5847
    Request Owner's contact information
    59-127 Honukai Pl Kamuela, HI 96743
    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.
    59-127 Honukai Pl
    Kamuela, HI 96743
    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
    59-127 Honukai Pl Kamuela, HI 96743
    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
    Dan Ishikawa
    Dan Ishikawa
    (808) 557-5847
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!