Sign Up Successful!
You now have access to more from Realmo!
    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

    92-8755 Hawaii Blvd Ocean View, HI 96737

    Sponsored
    For Sale
    $339,000

    LAND - Ocean View, HI

    Lot size:
    3.18 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 20 at 7:06 pm

    Property Features for 92-8755 Hawaii Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    MCX-3a
    APN
    3920820020000
    Lot size
    3.18 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Tanya Sunshine

    Hawaii Life Real Estate Brokers (800) 370-3848

    Listing agent Tanya Sunshine (800) 667-5028

    Listing date Feb 9, 2026

    MLS# 727732 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

    Commercial Land in Ocean View

    This 3.12-acre property is positioned for commercial opportunities in Hawaiian Ocean View Estates (HOVE). Located on the Hawaii Belt Rd at the corner of Hawaii Blvd, directly across from Kai Loki's restaurant and bar, the property benefits from visibility, highway traffic, and access from two thoroughfares. The lot is graded and level, providing a foundation for development. A low rock wall wraps approximately half of the cleared portion. The northern half of the property remains wooded, providing flexibility for phased development, expansion, or preservation of natural landscaping. Ocean View serves as the commercial and service hub for the northern Kau district, with an estimated population of approximately 5,000 residents. There are no services for nearly 20 miles in either direction along the highway. Existing amenities in Ocean View include two grocery stores, three gas stations, Ace Hardware, a Post Office, multiple eateries, a Saturday morning swap meet, and various small local businesses. Demand continues for expanded services such as medical, professional, retail, trades-related businesses, self-storage facilities, and other community-serving enterprises. A small propane filling station currently leases a portion of the property, providing established commercial use. The parcel also offers the option to develop a single-family residence. Located approximately one hour south of Kailua-Kona and two hours from Hilo, Ocean View continues to grow as an affordable community on the Big Island's southern coast. The property is zoned MCX-3a.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ocean View
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.7808408
    Latitude
    19.08697878

    Nearby Similar for Sale

    • $379,000
      1,260 SF

      Two Homes on Two Acres

      Two homes on two acres in Hawaiian Ocean View Estates.
      92-8689 And, Ocean View, HI 96737
      View Details
    • $68,000
      1.00 Acre

      Moringa Grove in Ocean View

      Established Moringa grove in Hawaiian Ocean View Estates.
      Ocean View, HI 96737
      View Details
    • $1,950,000
      3.00 Acres

      Luxury Hawaii Inn: Ocean Views

      Award-winning 5-room boutique hotel, seller financing available.
      94-2152 Pt Rd, Ocean View, HI 96772
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.12 acres for commercial development in Hawaiian Ocean View.
    Where is this commercial land located?
    The property is located at 92-8755 Hawaii Blvd Ocean View, HI.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: - Prime commercial location on Hawaii Belt Rd at the corner of Hawaii Blvd, directly across from Kai Loki's, offering excellent visibility and access.; - **3.12-acre lot is graded and level, providing a strong foundation for development.**; - Located in Ocean View, the commercial hub for northern Kau district with approximately 5,000 residents and limited services for 20 miles in either direction.
    (808) 896-7879
    Request Owner's contact information
    92-8755 Hawaii Blvd Ocean View, HI 96737
    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.
    92-8755 Hawaii Blvd
    Ocean View, HI 96737
    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
    92-8755 Hawaii Blvd Ocean View, HI 96737
    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
    Tanya Sunshine
    (808) 896-7879 (800) 667-5028
    Learn more
    Google sign-in failed. Please try again or use another login method.