Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ocean View Land in Captain Cook Title is generated by Realmo AI

    87-3179 HONU HIAMOE RD, Captain Cook, HI 96704

    View on Map
    Claim this Listing
    For Sale
    $160,000

    LAND - Captain Cook, HI

    Lot size:
    0.17 Acres
    Added:
    Jan 11, 2026
    Days on Market:
    146
    Last Refresh:
    Jun 6 at 11:06 am

    Property Features for 87-3179 HONU HIAMOE RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-5A
    Standard status
    Active
    APN
    3870180250000
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    1028

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Marc R Shackman
    Marc R Shackman

    Listing agent Marc R Shackman License #RS-83220

    Listing office Equity Hawaii Real Estate LLC 804 Kilauea Avenue, Honolulu, HI

    Listing date Jan 11, 2026

    MLS# 727026 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.

    HighLights

    • Unobstructed panoramic ocean views from the entire lot.
    • Access to a private pebble beach within the Kona Paradise subdivision for swimming, snorkeling, and other water activities.
    • Located next to 80 acres of undeveloped land, enhancing privacy and tranquility.
    • Existing drawings available for potential time savings in the building process.
    • Archaeological, Civil Engineering, land surveys, and Kona Paradise Property Owners Association approvals already completed.
    • Permitted for vertical septic system and excavation, with a topographical map available.

    Overview

    This property offers unobstructed panoramic ocean views from anywhere on the lot. Located halfway down the hill, it sits between the highway and a private pebble beach within the Kona Paradise subdivision. The community features a pebble beach suitable for swimming, snorkeling, kayaking, paddle boarding, and scuba diving. Various hiking trails are located nearby. The land is situated one lot down from the road end, adjacent to 80 acres of undeveloped land. Existing drawings are available for potential time-saving updates to meet current codes. The property has received approvals for Archaeological, Civil Engineering, and land surveys, and has been approved by the Kona Paradise Property Owners Association. Permits are in place for a vertical septic system and excavation. A topographical map has been completed, indicating the property's readiness for building. The lot size is 0.1722 acres and is located in Captain Cook, HI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Captain Cook
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.811
    Latitude
    19.3333

    Nearby Similar for Sale

    • $575,000

      Land in Gated Community

      5-acre lot near iconic ocean destinations in Captain Cook, HI.
      85-5195 KIILAE RD, Captain Cook, HI 96704
      View Details
    • $395,000

      Land with Yurt Foundation

      Over three acres of land with installed septic, a new catchment system, and a gated entry.
      88-1581 PAPIO DRIVE, Captain Cook, HI 96704
      View Details
    • $1,999,900

      Large Ocean View Acreage

      69.41 acres with ocean views in Captain Cook, Hawaii.
      MAMALAHOA HWY, Captain Cook, HI 96704
      View Details
    • $109,000

      Oceanfront Community Land Opportunity

      Land near the ocean in a peaceful Hawaiian community.
      KAI AVE, Captain Cook, HI 96704
      View Details
    • $188,800

      Land in Desirable Rural Community

      1.36 acre parcel ideal for dream home or retreat.
      89-806 HUANUI ROAD, Captain Cook, HI 96704
      View Details
    • $469,900

      Kealakekua Bay View Lot

      Upscale gated community lot with surf and sunset views.
      Captain Cook, HI 96704
      View Details
    • $119,000

      Captain Cook Land Parcel

      Residential lot in Kona Paradise Subdivision near Pebble Beach.
      KAOHE RD lot: 12, Captain Cook, HI 96704
      View Details
    • $180,000

      Kona Paradise Corner Lot

      Corner lot near Pebbles Beach, perfect for a dream home.
      KAOHE RD, Captain Cook, HI 96704
      View Details
    • $1,489,000

      Oceanfront Acreage in Captain Cook

      71.91 acres of oceanfront land with surf and sunset views.
      Mamalahoa Hwy, Captain Cook, HI 96704
      View Details
    • $5,750,000

      Historic Manago Hotel For Sale

      64-room historic hotel with restaurant and commercial space.
      82-6151 Mamalahoa Highway, Captain Cook, HI 96704
      View Details
    • $575,000

      Ki'ilae Farms Five-Acre Lot

      Five-acre flag lot in gated community near iconic ocean destinations.
      85-5195 Kiilae Road, Captain Cook, HI 96704
      View Details
    • $269,000

      Oceanfront Parcel on Kai Avenue

      Rare oceanfront parcel with sweeping ocean views and vacation rental potential.
      KAI AVE, Captain Cook, HI 96704
      View Details

    FAQs

    What type of property is this?
    Land - Land with unobstructed ocean views in Kona Paradise subdivision.
    Where is this land located?
    The property is located at 87-3179 HONU HIAMOE RD Captain Cook, HI.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Unobstructed panoramic ocean views from the entire lot.; Access to a private pebble beach within the Kona Paradise subdivision for swimming, snorkeling, and other water activities.; Located next to 80 acres of undeveloped land, enhancing privacy and tranquility.
    (808) 366-9114
    We can help!
    Listing Contact
    Marc R Shackman
    Marc R Shackman
    Real Estate License ID: RS-83220
    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

    Thank You for Inquiry
    87-3179 HONU HIAMOE RD, Captain Cook, HI 96704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!