Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    64-1320 Kamehameha Highway unit Puuwai 2 Wahiawa, HI 96786

    View on Map
    For Sale
    Under Contract
    $1,033,600

    LAND - Wahiawa, HI

    Added:
    Aug 18, 2025
    Days on Market:
    228
    Last Refresh:
    Apr 2 at 12:06 am

    Property Features for 64-1320 Kamehameha Highway unit Puuwai 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    1-6-4-003-021-0013

    Taxes and HOA fees

    TaxAnnualAmount
    4596

    Utilities

    Utilities
    Water Available
    Water source
    Private

    We can help!

    Listing Contact
    Barry D Kaplan

    Listing agent Barry D Kaplan License #RB-13675

    Listing office Savio Realty Ltd. Executive Centre #4003 1088 Bishop Street, Honolulu, HI

    Listing date Aug 18, 2025

    MLS# 202518295 Listing URL

    Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Agricultural Land Near Dole Plantation

    This fee simple agricultural land is located near the Dole Plantation Center in the Helemano Area of Oahu. It is easily accessible from Kamehameha Highway via Paalaa Ula Pupukea Road and features an entrance gate. Water is supplied from a private offsite reservoir and is rated R-1, making it suitable for vegetables, fruit, nursery plants, and all types of crops. Note that no residential houses are allowed on the property. Access requires an appointment, as this is an active farming area. While the developer has not yet turned over management to Professional Island Management, the original budget is based on a maintenance fee of $175.85 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Wahiawa
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.039895
    Latitude
    21.516071

    Nearby Similar for Sale

    • $997,500
      1,265 SF

      Legal Duplex in Wahiawa

      Well-maintained duplex with two units and spacious yard.
      1223 Neal Avenue, Wahiawa, HI 96786
      View Details
    • $997,500

      Wahiawa Legal Duplex Opportunity

      Well-maintained duplex in Wahiawa with two units and spacious yard.
      1223 Neal Avenue, Wahiawa, HI 96786
      View Details
    • $150,000

      Wahiawa Commercial Property For Sale

      Free-standing convenience store/restaurant with parking and high visibility.
      198 S Kamehameha Highway unit: No.a, Wahiawa, HI 96786
      View Details
    • $1,980,000

      Wahiawa Multifamily Investment Opportunity

      Eleven-unit apartment building in a desirable location with recent upgrades.
      142 Lakeview Circle, Wahiawa, HI 96786
      View Details
    • $8,250,000

      Wahiawa Apartment Building For Sale

      Centrally-located Wahiawa apartment building with 36 units and 33 parking.
      55 Walker Avenue, Wahiawa, HI 96786
      View Details
    • $8,250,000

      Wahiawa Multifamily Investment Opportunity

      Centrally located Wahiawa apartment building with income growth potential.
      55 Walker Avenue, Wahiawa, HI 96786
      View Details
    • $1,100,000

      Mixed-Use Property in Wahiawa

      Mixed-use property with commercial space and residential unit in Wahiawa.
      117 Mango Street, Wahiawa, HI 96786
      View Details
    • $1,775,000
      4,500 SF

      Kilani Avenue Commercial Building For Sale

      4,500 sq. ft. building on a 9,964 sq. ft. lot.
      650 Kilani Avenue, Wahiawa, HI 96786
      View Details
    • $868,000

      Renovated Multifamily Property in Wahiawa

      Well-maintained multifamily property with renovated units and income potential.
      231 Lehua Street #D, Wahiawa, HI 96786
      View Details
    • $2,200,000
      5,338 SF

      Wahiawa Multifamily Property For Sale

      Multifamily property in Wahiawa, zoned for business and residential.
      103-105 Mango St, Wahiawa, HI 96786
      View Details
    • $150,000
      1,779 SF

      Freestanding Storefront on Corner Lot

      Well-maintained store/restaurant with parking, high visibility, and traffic.
      198 S Kamehameha Highway #No.A, Wahiawa, HI 96786
      View Details

    FAQs

    What type of property is this?
    Farm - Fee simple agricultural land suitable for various crops near Dole.
    Where is this farm located?
    The property is located at 64-1320 Kamehameha Highway unit Puuwai 2 Wahiawa, HI.
    What is the asking price?
    The asking price for this property is $1,033,600.
    What are key features of this property?
    This property features: Fee simple agricultural ownership; R‑1 rated water source suitable for diverse crops; Convenient access to Kamehameha Highway
    (808) 864-1500
    We can help!
    Listing Contact
    Barry D Kaplan
    Real Estate License ID: RB-13675
    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!