Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ocean View Land Opportunity Title is generated by Realmo AI

    LANIKAI DR, Ocean View, HI 96737

    View on Map
    Claim this Listing
    For Sale
    $49,900

    LAND - Ocean View, HI

    Lot size:
    3.32 Acres
    Added:
    Feb 13, 2025
    Days on Market:
    468
    Last Refresh:
    May 27 at 7:06 pm

    Property Features for LANIKAI DR

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-3A
    Standard status
    Active
    APN
    3922010140000
    Lot size
    3.32 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    301

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Claire K Bajo RB-22979 CRB SRS ABR SRES RENE

    Listing agent Claire K Bajo RB-22979 CRB SRS ABR SRES RENE

    Listing office eXp Realty 6600 Kalanianaole Highway, Suite 114, Mililani, HI

    Listing date Feb 13, 2025

    MLS# 718328 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

    • Unique 3.31‑acre property boasting dramatic gorge and ocean views.
    • Abundant on‑site rock resources (pahoehoe, blue rock, lava mounds) for construction and landscaping.
    • Located in desirable HOV Ranchos, offering seclusion and convenience.
    • Close proximity to shopping, gas, open markets, and restaurants.
    • Unique dry gulch feature offering creative building opportunities.
    • Not in a floodway; no water flows through the gulch.

    Overview

    This unique 3.31-acre property in HOV Ranchos offers opportunities with dramatic views and rockscapes. Situated at the end of Lanikai Drive on the south end, the property spans 740.51 ft x 195 ft, featuring gorge and ocean views, dryland rockscapes, and lava formations. The land contains pahoehoe slates, blue rock boulders, and round lava mounds overlooking the gulch. The dry gulch presents opportunities for various uses. The property is not a floodway, and no water flows through it. Located minutes from shopping, gas, open markets, and restaurants, HOV Ranchos is a location for those seeking distance from crowds and proximity to conveniences. The A-3A zoning allows for various uses of the land. The property offers the potential to harvest loose blue rock for construction, potentially reducing material costs for building walls, foundations, and landscape beds.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Ocean View
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.922
    Latitude
    19.4962

    Nearby Similar for Sale

    • $19,999

      Ocean View Wooded Land Parcel

      One-acre wooded lot ideal for building a dream home.
      OUTRIGGER DR, Ocean View, HI 96737
      View Details
    • $55,000

      Graded Land with Ocean Views

      Two-acre lot in Ocean View with ocean and mountain views.
      92-9018 TIKI LN, Ocean View, HI 96737
      View Details
    • $120,000

      One-Acre Land with Lava Tube

      One-acre property featuring a privately accessible lava tube system.
      SEA VIEW DR, Ocean View, HI 96737
      View Details
    • $18,000

      Ocean View Acre Land Parcel

      One-acre raw land with ocean views in Ocean View, HI.
      CORAL PKWY, Ocean View, HI 96737
      View Details
    • $57,000

      Ocean View Land Parcel

      Three adjacent acres in Hawaiian Ocean View Estates.
      CATAMARAN LN, Ocean View, HI 96737
      View Details
    • $14,000

      Ocean View Land Opportunity

      Acre lot with ocean views in quiet Ocean View.
      PALM PKWY, Ocean View, HI 96737
      View Details
    • $21,500

      Forested Land with Ocean Views

      Forested ribbon lot with ocean views in Hawaiian Ocean View.
      92-2620 MAHIMAHI DR, Ocean View, HI 96737
      View Details
    • $16,500

      Ocean View Land For Sale

      Wooded lot in Hawaiian Ocean View Estates.
      CATAMARAN LN, Ocean View, HI 96737
      View Details
    • $65,000

      Two Acre Parcel in Ocean View

      Two acre parcel with driveway and graded paths in Ocean View.
      92-8484 PINEAPPLE PKWY, Ocean View, HI 96737
      View Details
    • $23,000

      Ocean View Acreage Ready

      One acre parcel in Ocean View with ocean and mountain views.
      92-8948 ORCHID PARKWAY, Ocean View, HI 96737
      View Details
    • $40,000

      Ocean View Vacant Land Parcel

      Vacant land in Hawaiian Ocean View Estates.
      92-8712 KING KAMEHAMEHA BLVD, Ocean View, HI 96737
      View Details
    • $17,500

      Land with Ocean Views

      One-acre lot with ocean views and ohia trees.
      OHIA DR, Ocean View, HI 96737
      View Details

    FAQs

    What type of property is this?
    Land - Unique 3.31-acre property with dramatic views and rockscapes.
    Where is this land located?
    The property is located at LANIKAI DR Ocean View, HI.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Unique 3.31‑acre property boasting dramatic gorge and ocean views.; Abundant on‑site rock resources (pahoehoe, blue rock, lava mounds) for construction and landscaping.; Located in desirable HOV Ranchos, offering seclusion and convenience.
    (808) 756-4874
    We can help!
    Listing Contact
    Claire K Bajo RB-22979 CRB SRS ABR SRES RENE
    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
    LANIKAI DR, Ocean View, HI 96737
    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!