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

    73-1200 Kahuna Road Kailua Kona, HI 96740

    View on Map
    For Sale
    $975,000

    LAND - Kailua Kona, HI

    Added:
    Mar 6, 2026
    Days on Market:
    27
    Last Refresh:
    Apr 2 at 9:06 am

    Property Features for 73-1200 Kahuna Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    3-7-3-003-010-0000

    Taxes and HOA fees

    TaxAnnualAmount
    6576

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Timothy J Murray

    Listing agent Timothy J Murray License #RB-24533

    Listing office NextHome All Islands 45-480 Kaneohe Bay Drive C02, Kailua, HI

    Listing date Mar 6, 2026

    MLS# 202606703

    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

    Kailua Kona Land Opportunity

    This wooded lot in Kalaoa presents a development or estate opportunity in the Kailua-Kona area. Conceptual plans for a 29-unit affordable housing project are available, along with supporting materials including survey, archaeological reports, and conceptual plans. A private road/easement runs north-south through the property, potentially providing access and layout flexibility. The property may also be suitable for agricultural use, estate-style homes, or potential institutional uses such as a church. According to preliminary discussions, the Department of Water Supply has indicated that up to six additional water credits may be available in connection with a potential Change of Zone application. The site may offer strong potential for an affordable housing development opportunity, especially when considered alongside Hawaii County Ordinance 11-22, which encourages affordable housing projects in the region. The property is located in Kailua Kona, HI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kailua Kona
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.9
    Latitude
    19.7349

    Nearby Similar for Sale

    • $950,000
      2,570 SF

      Remodeled Office Space, Kailua-Kona

      Prime, remodeled office space in the heart of Kailua-Kona.
      75-167 HUALALAI RD unit: F, Kailua-Kona, HI 96740
      View Details
    • $799,000
      1,500 SF

      Kailua-Kona Commercial Property For Sale

      Commercial property in a busy industrial park near Costco.
      73-5568 MAIAU ST unit: 104, Kailua-Kona, HI 96740
      View Details
    • $7,500,000
      25,770 SF

      Kailua-Kona Commercial Development Opportunity

      Two buildings totaling 25,770 SF on 1.38 acres.
      75-5699 KOPIKO ST, Kailua-Kona, HI 96740
      View Details
    • $1,675,000
      3,930 SF

      Kailua-Kona Multi-Family Income Property

      Two updated homes on one lot with ocean and sunset views.
      73-1153 AHIKAWA ST unit: A & B, Kailua-Kona, HI 96740
      View Details
    • $676,000

      Kailua-Kona Land in Gated Community

      Rare opportunity to build your dream home with ocean views.
      78-7011 KEWALO ST, Kailua-Kona, HI 96740
      View Details
    • $550,000

      Kailua Kona Land with Views

      Newly subdivided land with ocean views in Kailua Kona.
      73-4270 LEIMOMI STREET, Kailua Kona, HI 96740
      View Details
    • $625,000

      Kailua Kona Land with Views

      Newly subdivided land in Kona with ocean views and minimal restrictions.
      73-4268 LEIMOMI STREET, Kailua Kona, HI 96740
      View Details
    • $995,000
      8,637 SF

      Kailua-Kona Retail Arcade Opportunity

      Prime retail space in the heart of Kailua-Kona's visitor district.
      75-5719 Alii Drive, Kailua Kona, HI 96740
      View Details
    • $995,000
      8,637 SF

      Kailua-Kona Retail Arcade For Sale

      Retail arcade in the heart of Kailua-Kona's visitor center.
      75-5719 Alii Drive, Kailua Kona, HI 96740
      View Details
    • $1,675,000

      Updated Multi-Family Income Property

      Two updated homes on one lot with ocean views.
      73-1153 Ahikawa Street, Kailua Kona, HI 96740
      View Details
    • $1,199,000
      1,918 SF

      Income-Producing Duplex in Kailua-Kona

      Duplex with rental potential near shopping, schools, and services.
      75-164 LUNAPULE RD, Kailua-Kona, HI 96740
      View Details
    • $789,000

      Kailua Kona Land For Sale

      One-acre parcel in gated Kona View Estates with ocean views.
      74-4734 KAIANIANI PL, Kailua Kona, HI 96740
      View Details

    FAQs

    What type of property is this?
    Land - Rare wooded lot with ocean views, development potential.
    Where is this land located?
    The property is located at 73-1200 Kahuna Road Kailua Kona, HI.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Rare infill wooded lot with ocean views in Kalaoa, offering a unique development or estate opportunity.; Conceptual plans available for a 29‑unit affordable housing project.; Potential for up to six additional water credits from the Department of Water Supply (buyer to verify).
    (808) 489-0054
    We can help!
    Listing Contact
    Timothy J Murray
    Real Estate License ID: RB-24533
    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!