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

    Puna Wai Ave Mountain View, HI 96771

    View on Map
    For Sale
    $39,500

    Vacant Land - Mountain View, HI

    Lot size:
    1.00 Acre
    Added:
    Nov 29, 2025
    Days on Market:
    130
    Last Refresh:
    Apr 8 at 1:06 pm

    Property Features for Puna Wai Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nathalie Mullinix
    Nathalie Mullinix

    Listing agent Nathalie Mullinix

    Listing office Nathalie Mullinix REALTY UNIVERSAL 1888 Kalakaua Ave. C312, Honolulu, HI

    Listing date Nov 29, 2025

    MLS# 11641592 Listing URL

    Copyright © 2026 My State 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

    Eden Roc Vacant Land

    This 1-acre lot, identified as Lot #2 - Middle Acre - Eden Roc, is situated between two other parcels, offering privacy and lush surroundings. Located on the makai (ocean) side of paved Punawai St., it features vibrant ferns and tall trees. The property is suitable for cabin or cottage construction. This lot is one of three side-by-side 1-acre lots available for individual or group purchase. It is ideal for those seeking a peaceful hideaway with proximity to the main road. The lot is the second on the left after the corner of Palainui St. It is located in Mountain View, HI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Mountain View
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.089295
    Latitude
    19.466075

    Nearby Similar for Sale

    • $750,000
      3,264 SF

      Spacious Investment Property in Mountain View

      High-income potential near Hilo with detached garage.
      17-733 ALA LOOP, Mountain View, HI 96771
      View Details
    • $469,500
      1,352 SF

      Mountain View Income Property

      Income-producing property near Volcano Highway and North Kulani Road.
      17-7652 KULANI RD, Mountain View, HI 96771
      View Details
    • $575,000

      Vacant Land in Mountain View

      Large vacant lot with great potential in Mountain View, HI.
      Huina Road, Mountain View, HI 96771
      View Details
    • $65,500

      2 Acres Hawaiian Rainforest Land

      2 acres of wooded land in Fern Acres subdivision.
      HIBISCUS ST, Mountain View, HI 96771
      View Details
    • $81,000

      Cleared Land with Ocean Views

      Two-acre parcel with ocean views and completed site preparation.
      11-2820 PLUMERIA ST, Mountain View, HI 96771
      View Details
    • $75,000

      3 Acres in Hawaiian Acres

      3-acre lot on paved road, convenient location, build your dream.
      ROAD 1 (UHINI ANA), Mountain View, HI 96760
      View Details
    • $90,000

      Ready-to-Build Two-Acre Land Parcel

      Two-acre Mountain View land with groundwork completed.
      PLUMERIA ST, Mountain View, HI 96771
      View Details
    • $75,000

      4 Acres Wooded Land Opportunity

      Two adjoining 2-acre parcels in Fern Acres subdivision.
      HIBISCUS ST, Mountain View, HI 96771
      View Details
    • $70,000

      Land in Mountain View, HI

      Land with cabin-style structure, greenhouse, and established garden areas.
      18-2060 MAHENA ST, Mountain View, HI 96771
      View Details
    • $65,000

      Corner Lot in Fern Acres

      Two-acre corner lot with potential for development in Fern Acres.
      PLUMERIA ST, Mountain View, HI 96771
      View Details
    • $75,000

      Mountain View Land Opportunity

      Four acres of wooded land near Hilo.
      HIBISCUS ST, Mountain View, HI 96771
      View Details
    • $24,000

      Lush Forest Land in Mountain View

      One acre of land in a lush, peaceful setting.
      NAIA ST, Mountain View, HI 96771
      View Details

    FAQs

    What type of property is this?
    Land - One-acre lot in Eden Roc, lush surroundings, endless potential.
    Where is this land located?
    The property is located at Puna Wai Ave Mountain View, HI.
    What is the asking price?
    The asking price for this property is $39,500.
    What are key features of this property?
    This property features: One‑acre lot in the desirable Eden Roc subdivision; Located on the makai (ocean) side of paved Punawai St; Lush surroundings with vibrant ferns and tall trees
    (866) 808-6368
    We can help!
    Listing Contact
    Nathalie Mullinix
    Nathalie Mullinix
    Real Estate License ID: RB-17596
    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!