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

    59-424 PALILA PLACE Kamuela, HI 96743

    View on Map
    For Sale
    $350,000

    LAND - Kamuela, HI

    Lot size:
    3.00 Acres
    Added:
    Nov 10, 2025
    Days on Market:
    142
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for 59-424 PALILA PLACE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-3A
    Standard status
    Active
    APN
    3590110750000
    Lot size
    3.00 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    2779

    Utilities

    Utilities
    Cable Available
    Water source
    Private

    We can help!

    Listing Contact
    Edward Torrison

    Listing agent Edward Torrison

    Listing office Hilo Bay Realty LLC 15-2714 Pahoa Village Rd. #I-2, Pahoa, HI

    Listing date Nov 10, 2025

    MLS# 725547 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

    Three Acre Ocean View Lot

    This is a 3-acre lot located in the Heathers area of Kohala Ranch. The property is situated at the end of a cul-de-sac and offers ocean views. Underground utilities are available. Architect-stamped plans are included for a 3,646 sq. ft. home with 3 bedrooms and 3.5 baths, ready to submit for permits. A preliminary driveway has been cut into the lot. Kohala Ranch is located minutes from beaches and golf courses. Kailua-Kona is approximately 45 minutes away and offers shopping, an airport, and a deep-sea fishing port. The property is zoned A-3A.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kamuela
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.84425
    Latitude
    20.083617

    Nearby Similar for Sale

    • $485,000
      616 SF

      Waimea Town Plaza Commercial Space

      Commercial space in Waimea Town Plaza with flexible zoning.
      64-1061 MAMALAHOA HIGHWAY unit: 101, Kamuela, HI 96743
      View Details
    • $349,500

      Land with Approved Building Plans

      3.596 acre lot with approved plans in Kamuela, HI.
      59-407 W MAKI PL, Kamuela, HI 96743
      View Details
    • $499,000

      Kohala Ranch Land with Panoramic Views

      4.26 acre lot with ocean and mountain views.
      59-216 KIPA MAI PLACE, Kamuela, HI 96743
      View Details
    • $2,550,000

      Land with Approved Building Permit

      Land with permit for a 4,652 sqft estate.
      62-3820 AMAUI DR, Kamuela, HI 96743
      View Details
    • $1,388,000

      Land Lot in Puako

      Cleared 12,202 sq. ft. lot near ocean activities.
      69-1819 PUAKO BEACH DR, Kamuela, HI 96743
      View Details
    • $475,000

      Kamuela Land with Ocean Views

      11.92-acre lot with ocean views, residential and agricultural zoning.
      59-1009 KOHALA RANCH RD, Kamuela, HI 96743
      View Details
    • $485,000
      616 SF

      Waimea Town Plaza Commercial Space

      Commercial space with high visibility and flexible zoning in Waimea.
      64-1061 MAMALAHOA HIGHWAY #101, Kamuela, HI 96743
      View Details
    • $1,215,000

      Waikii Ranch 20-Acre Parcel

      Premier 20-acre parcel in Waikii Ranch with ocean views.
      23 ALULIKE ROAD, 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 #8, Kamuela, HI 96743
      View Details
    • $295,000

      Land in Lakeland, Kamuela

      Residential land for sale in Kamuela, Hawaii.
      64-167 MAKALOA LOOP, Kamuela, HI 96743
      View Details
    • $699,999

      Shovel-Ready Lot in Mauna Lani

      Ready-to-build lot in Mauna Lani Resort with approved permits.
      68-1011 NOHEA MAKAI ST, Kamuela, HI 96743
      View Details
    • $385,000

      Ready-to-Build Land in Kamuela

      Land with installed septic, water meter, and storage shed.
      64-5316 PUANUANU PLACE, Kamuela, HI 96743
      View Details

    FAQs

    What type of property is this?
    Land - Desirable Kohala Ranch lot with ocean views and approved plans.
    Where is this land located?
    The property is located at 59-424 PALILA PLACE Kamuela, HI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Stunning 3‑acre ocean view lot in desirable Kohala Ranch.; Architect‑stamped plans included for a 3,646 sq. ft. home (3 bed, 3.5 bath), ready for permit submission.; End‑of‑cul‑de‑sac location with underground utilities.
    (808) 987-9501
    We can help!
    Listing Contact
    Edward Torrison
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!