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

    16-305 VOLCANO RD Keaau, HI 96760

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $16,250,000

    8.17 acres of industrial land with water and renewable energy.

    Type:Commercial
    Added:
    Aug 11, 2025
    Days on Market:
    239
    Last Refresh:
    Apr 1 at 9:50 pm

    Property Features for 16-305 VOLCANO RD

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1943

    We can help!

    Listing Contact
    REBECCA J. HIRSCH-KELIIHOOMALU

    Listing agent REBECCA J. HIRSCH-KELIIHOOMALU

    Listing office COMPASS

    Listing date Aug 11, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of COMPASS

    Overview

    Keaau Industrial Land with Water

    This property in Keaau, Hawai‘i, features two contiguous parcels totaling 8.17 acres of entitled industrial land. It includes on-site renewable energy infrastructure, secure access to groundwater from the Mauna Loa Aquifer, and over 22,000 square feet of existing improvements, including 1200 PV panels on the adjacent condo lot of 1.141 acres. A fully permitted private well sources water from the Mauna Loa Aquifer. The well is permitted to serve both parcels, with up to 50% of its capacity transferable between them. The 7.03 acre lot includes a Special Use Permit (SUP) allowing for industrial operations on agriculturally zoned land. The approximately 22,000 square feet of existing improvements reduce time and cost for deployment. The property offers water, energy, land control, and secure, permitted water rights.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Keaau
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.055
    Latitude
    19.6093

    Nearby Similar for Sale

    • $555,000
      2,392 SF

      Remodeled Duplex in Keaau, Hawaii

      Two-unit home with fruit trees near Hilo.
      15-1477 25TH AVE, Keaau, HI 96749
      View Details
    • $465,000
      1,664 SF

      Two Permitted Homes on One Property

      Two homes on one acre in Keaau, Hawaii.
      15-1432 13TH AVE, Keaau, HI 96749
      View Details
    • $1,150,000
      2,692 SF

      Income-Generating Dual-Home Property

      Two permitted homes on a 1-acre lot with county water.
      15-1746 23RD AVE, Keaau, HI 96749
      View Details
    • $320,000

      Ocean View Acreage in Keaau

      Rare ocean-minded 0.95-acre lot near Beach Road.
      15-1873 1ST AVE, Keaau, HI 96749
      View Details
    • $160,000

      Desirable 1 Acre Land Parcel

      One-acre land parcel in Hawaiian Paradise Park, near the ocean.
      1ST AVE, Keaau, HI 96749
      View Details
    • $119,000

      Corner Lot in Keaau, HI

      One-acre corner lot in Hawaiian Paradise Park.
      KALOLI DR, Keaau, HI 96749
      View Details
    • $119,000

      Lightly Wooded Lot in Keaau

      Located in Hawaiian Paradise Park, close to Hilo and Keaau.
      RAILROAD AVE, Keaau, HI 96749
      View Details
    • $175,000

      Partially Cleared Land in Keaau

      Partially cleared lot with well and septic system in place.
      3RD AVE, Keaau, HI 96749
      View Details
    • $140,000

      One Acre Vacant Land Parcel

      One-acre vacant lot in Hawaiian Paradise Park, ready to build.
      15-1740 19TH AVE, Keaau, HI 96749
      View Details
    • $225,000

      Keaau Land with Approved Plans

      3-acre lot with approved house plans near Volcano Rd.
      16-463 PIKAKE ST, Keaau, HI 96749
      View Details
    • $119,000

      Vacant Land in Hawaiian Paradise

      One acre of vacant land ideal for sustainable living.
      MAKUU DR, Keaau, HI 96749
      View Details
    • $124,000

      Land in Hawaiian Paradise Park

      One-acre lot with driveway and house-pad near Keaau.
      15-1958 23RD AVE, Keaau, HI 96749
      View Details

    FAQs

    What type of property is this?
    Industrial property - 8.17 acres of industrial land with water and renewable energy.
    Where is this industrial property located?
    The property is located at 16-305 VOLCANO RD Keaau, HI.
    What is the asking price?
    The asking price for this property is $16,250,000.
    What are key features of this property?
    This property features: Entitled industrial land with a Special Use Permit (SUP) on agriculturally zoned land.; Permitted private well with secure access to groundwater from the Mauna Loa Aquifer.; Existing renewable energy infrastructure, including 1200 PV panels.
    (808) 378-5447
    We can help!
    Listing Contact
    REBECCA J. HIRSCH-KELIIHOOMALU
    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!