Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    SANDALWOOD CT Kurtistown, HI 96760

    View on Map
    For Sale
    $45,000

    LAND - Kurtistown, HI

    Lot size:
    0.19 Acres
    Added:
    Jul 9, 2025
    Days on Market:
    267
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for SANDALWOOD CT

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1A
    Standard status
    Active
    APN
    3161030080000
    Lot size
    0.19 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    202

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Glenn M. Takase

    Listing agent Glenn M. Takase

    Listing office Coldwell Banker Island Properties - Hilo 101 Hualalai Street, Kihei, HI

    Listing date Jul 9, 2025

    MLS# 722350 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

    Kurtistown Land Opportunity

    This property presents an opportunity to purchase a lot in one of the last affordable subdivisions in lower Puna. The Tiki Gardens location is conveniently situated approximately 10 minutes from Historic Pahoa town, which offers a variety of shopping and dining options, as well as access to most government services and schools. The lot is 0.186 acres and zoned A-1A. The property is located on Sandalwood Court in Kurtistown, HI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kurtistown
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.037
    Latitude
    19.5768

    Nearby Similar for Sale

    • $350,000

      Kurtistown Land Parcel For Sale

      1.6 acre parcel zoned AG with business opportunities.
      16-308 AINALOA BLVD, Kurtistown, HI 96760
      View Details
    • $650,000
      3,117 SF

      Two Homes on Large Lot

      Two single-family homes on one parcel in Orchidland Estates.
      16-155 AULII ST, Kurtistown, HI 96760
      View Details
    • $80,000

      Orchidland Estates Vacant Land Parcel

      Two-acre vacant lot in Orchidland Estates, Kurtistown, Hawaii.
      37TH AVE, Kurtistown, HI 96760
      View Details
    • $275,000

      Kurtistown Land with Steel Structure

      2-acre land parcel with permitted steel structure and cabin.
      36TH AVE, Kurtistown, HI 96760
      View Details
    • $80,000

      Off-Grid Tiny Home Opportunity

      Un-permitted tiny home with solar, biogas, and catchment system.
      SANDALWOOD CT, Kurtistown, HI 96760
      View Details
    • $250,000

      Ainaloa Boulevard Acreage with Plans

      One-acre parcel with house plans and potential business opportunities.
      16-300 AINALOA BLVD, Kurtistown, HI 96760
      View Details
    • $135,000

      Spacious Vacant Lot in Kurtistown

      2-acre partially cleared lot near shopping and dining.
      16-372 AULII ST, Kurtistown, HI 96760
      View Details
    • $325,000

      Improved Land with Auxiliary Structure

      5.659 acre lot with established auxiliary structure and agricultural amenities.
      16-1218 MAPUANA ST unit: 1, Kurtistown, HI 96760
      View Details
    • $101,000

      Spacious Orchidland Estates Land Parcel

      3-acre parcel in Orchidland Estates, Puna District, Big Island.
      39TH AVE, Kurtistown, HI 96760
      View Details
    • $4,500,000

      45 Acres Development Opportunity, Kurtistown

      45-acre lot with tentative subdivision approval for 40 lots.
      VOLCANO RD, Kurtistown, HI 96760
      View Details
    • $110,000

      Spacious Vacant Lot in Kurtistown

      Two-acre vacant lot in Orchid Land Estates, Kurtistown, Hawaii.
      35TH AVE, Kurtistown, HI 96760
      View Details
    • $101,000

      Spacious Kurtistown Land Parcel

      3-acre parcel in Orchidland Estates, Big Island. Build your dream!
      39TH AVE, Kurtistown, HI 96760
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Affordable lot in lower Puna, near Pahoa town.
    Where is this residential land & home lot located?
    The property is located at SANDALWOOD CT Kurtistown, HI.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Affordable lot in lower Puna.; Conveniently located just 10 minutes from Pahoa town.; Pahoa offers shopping, dining, government services, and schools.
    (808) 936-0692
    We can help!
    Listing Contact
    Glenn M. Takase
    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!