Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Volcano Land: Ready-to-Build Cottages Title is generated by Realmo AI

    11-3187 ALAULA ST, Volcano, HI 96785

    View on Map
    Claim this Listing
    New
    For Sale
    $45,000

    LAND - Volcano, HI

    Lot size:
    0.46 Acres
    Added:
    May 20, 2026
    Days on Market:
    2
    Last Refresh:
    May 21 at 6:06 am

    Property Features for 11-3187 ALAULA ST

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1A
    Standard status
    Active
    APN
    3110511660000
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    290

    We can help!

    Listing Contact
    Chelsey Lai

    Listing agent Chelsey Lai

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

    Listing date May 20, 2026

    MLS# 730296 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

    • Two adjacent lots being sold together, totaling 30,000 sq ft.
    • Permits are ready for modernist‑style cottages on both lots.
    • Building plans include a 1‑bedroom, 1‑bath cottage and a 2‑bedroom, 1‑bath cottage.
    • Lush tropical foliage provides privacy and natural beauty.
    • Close proximity to Hawaii Volcanoes National Park, hiking trails, Volcano Winery, and Volcano Golf Course.
    • Opportunity for primary residence, second home, or investment build.

    Overview

    Two adjacent lots are available for sale together, presenting an opportunity for a primary residence, second home, or investment build. Permits are ready for both lots, which feature plans for modernist-style cottages. The front lot is planned for a 2-bedroom, 1-bath cottage, while the rear lot is planned for a 1-bedroom, 1-bath cottage. The property features lush tropical foliage mixed with mature ohia and hapuu, providing privacy, natural beauty, and a peaceful island forest living environment. These lots offer an opportunity to bring an island forest retreat to life with thoughtfully planned cottages. The property is zoned A-1A. The combined lot size is 0.4591 acres. Nearby attractions include Hawaii Volcanoes National Park, hiking trails, Volcano Winery, and the Volcano Golf Course. The lots are located in Volcano, HI. The front lot is 10,000 sq ft and the flag lot is 20,000 sq ft. The buyer is responsible for the SSPP cost.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Volcano
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.1870497
    Latitude
    19.4424191

    Nearby Similar for Sale

    • $159,345

      Volcano Land Parcel with Views

      5.421 acre parcel in Volcano, ready for your dream home.
      15-3446 GLENWOOD RD, Volcano, HI 96785
      View Details
    • $186,917

      Volcano Land Parcel For Sale

      6.359 acre parcel in scenic Volcano area.
      18-3460 GLENWOOD RD, Volcano, HI 96785
      View Details
    • $175,277

      Volcano Land Parcel For Sale

      5.963 acre parcel with graded driveway and cleared house site.
      18-3448 GLENWOOD RD, Volcano, HI 96785
      View Details
    • $147,000

      Volcano Land Parcel Ready

      5-acre Volcano, HI parcel with cleared house site.
      18-3430 GLENWOOD RD, Volcano, HI 96785
      View Details
    • $147,000

      Volcano Land Parcel Ready

      5-acre parcel in Volcano, ready for your Hawaii dream.
      18-3428 GLENWOOD RD, Volcano, HI 96785
      View Details
    • $87,500

      Vacant Land in Mauna Loa

      Half-acre lot in Volcano, HI, ideal for building.
      11TH ST, Volcano, HI 96785
      View Details
    • $79,000

      Volcano, HI Land Opportunity

      20,000 sq. ft. flag lot in Volcano, Hawaii.
      11-3046-A ANUHEA ST, Volcano, HI 96785
      View Details
    • $87,500

      Land in Mauna Loa Estates

      Vacant land in Volcano, ready for your dream home.
      11TH ST, Volcano, HI 96785
      View Details
    • $50,000

      Volcano Land on Highway 11

      10,000 sqft lot near Volcano Village and National Park.
      VOLCANO RD lot: 1372, Volcano, HI 96785
      View Details
    • $50,000

      Volcano Land on Highway 11

      Prime 10,000 sq ft lot near Volcano Village.
      VOLCANO RD lot: 1374, Volcano, HI 96785
      View Details
    • $40,000

      Volcano Land: Cottage Development Opportunity

      Two adjacent lots with cottage plans near Volcano National Park.
      11-3185 ALAULA ST, Volcano, HI 96785
      View Details
    • $74,900

      Volcano, HI Land Opportunity

      Two adjacent vacant lots near Volcanoes National Park.
      NAHELENANI ST, Volcano, HI 96785
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two adjacent lots in Volcano, HI with cottage plans.
    Where is this residential land & home lot located?
    The property is located at 11-3187 ALAULA ST Volcano, 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: Two adjacent lots being sold together, totaling 30,000 sq ft.; Permits are ready for modernist‑style cottages on both lots.; Building plans include a 1‑bedroom, 1‑bath cottage and a 2‑bedroom, 1‑bath cottage.
    (808) 494-8811
    We can help!
    Listing Contact
    Chelsey Lai
    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

    Thank You for Inquiry
    11-3187 ALAULA ST, Volcano, HI 96785
    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!