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

    KAI AVE Captain Cook, HI 96704

    View on Map
    For Sale
    $54,000

    LAND - Captain Cook, HI

    Lot size:
    0.23 Acres
    Added:
    Feb 13, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 7 at 2:06 pm

    Property Features for KAI AVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-5A
    Standard status
    Active
    APN
    3880100940000
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    575

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Donna L. Herbst
    Donna L. Herbst

    Listing agent Donna L. Herbst

    Listing office Pacific Isle Properties 474 Kalanikoa Street #104, Hilo, HI

    Listing date Feb 13, 2026

    MLS# 727990 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

    Ocean View Land in Captain Cook

    This 0.2296-acre land lot is located in Captain Cook, Hawaii. Situated in Milolii, a community offering direct ocean access, this property is positioned close to a beach park with swimming access and a newly formed recreational park on Park Ave, available for association member use. The lot offers direct ocean views. The property's title is clear. The zoning is A-5A.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Captain Cook
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.867059
    Latitude
    19.213159

    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
    • $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
    • $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
    • $469,900

      Kealakekua Bay View Lot

      Upscale gated community lot with surf and sunset views.
      Captain Cook, HI 96704
      View Details
    • $425,000

      Land with Development Potential

      3+ acre land with improvements in Captain Cook, Hawaii.
      88-1581 PAPIO DRIVE, Captain Cook, HI 96704
      View Details
    • $110,000

      Ocean View Land in Captain Cook

      Land with unobstructed ocean and coastline views in Captain Cook.
      JAPONICA RD, Captain Cook, HI 96704
      View Details
    • $79,000

      Two Acre Parcel in Captain Cook

      Two acre parcel with mature trees and lush landscaping.
      92-2073 KAILUA BLVD, Captain Cook, HI 96737
      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
    • $815,000

      Large Acreage with Ocean Views

      45.36-acre parcel with ocean views in Captain Cook, Hawaii.
      87-2721 HAWAII BELT RD, Captain Cook, HI 96704
      View Details
    • $82,000

      Captain Cook Land with Views

      Land in Kona Paradise with ocean views and financing.
      FERN RD, Captain Cook, HI 96704
      View Details
    • $97,500

      Corner Lot with Ocean Views

      Land in Kona Paradise with ocean views and sunset vistas.
      87-435 Kaohe Rd, Captain Cook, HI 96704
      View Details
    • $43,000

      Land in Miloli'i Beach Lots

      Vacant lot in sunny South Kona with partial ocean views.
      88-1546 Ehiku Avenue, Captain Cook, HI 96704
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Desirable lot with ocean views near swimming and recreational park.
    Where is this waterfront land located?
    The property is located at KAI AVE Captain Cook, HI.
    What is the asking price?
    The asking price for this property is $54,000.
    What are key features of this property?
    This property features: Oceanfront access allowing direct entry into the water.; Desirable ocean views.; Adjacent lot also for sale, offering the potential to purchase two side‑by‑side lots.
    (808) 987-6543
    We can help!
    Listing Contact
    Donna L. Herbst
    Donna L. Herbst
    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!