Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Five Acre Property with Workshop Title is generated by Realmo AI

    18-1309 IHOPE RD, Mountain View, HI 96771

    View on Map
    Claim this Listing
    For Sale
    $450,000

    Five acre property featuring a workshop and water tank.

    Type:Land or Vacant Lot
    Property size:
    600 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $750/SF
    Added:
    Apr 9, 2026
    Days on Market:
    56
    Last Refresh:
    Apr 9 at 8:31 pm

    Property Features for 18-1309 IHOPE RD

    General Information

    Standard status
    Active
    Size
    600 SF
    Lot size
    5.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    GLORIA KOBAYASHI
    GLORIA KOBAYASHI

    Listing agent GLORIA KOBAYASHI

    Listing office RAY KOBAYASHI JR REALTOR

    Listing date Apr 9, 2026

    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 RAY KOBAYASHI JR REALTOR

    HighLights

    • 5‑acre property offers privacy and space
    • Includes a well‑built, insulated 600 sf workshop lounge
    • Secured with locked gates to both the subdivision and the lot
    • 10,000‑gallon water tank included
    • Officially surveyed with flagged corner pins
    • 400 koa, koaia, and ohia trees planted on the property

    Overview

    This five-acre property includes a 20 x 30 (600 sf) workshop lounge. The workshop features insulated cement flooring, walls, and ceiling. A 10,000-gallon water tank is included. The property is secured with a locked gate at the subdivision entrance and another at the lot, located at the end of Hoalauna Place. The property has been officially surveyed, and corner pins are flagged. Currently, a gas generator provides power, and electrical poles are scheduled for future installation. The property includes 400 planted koa, koaia, and ohia trees.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Mountain View
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.087
    Latitude
    19.5387

    Nearby Similar for Sale

    • $695,000
      3,264 SF

      Spacious Investment Property in Mountain View

      High-income potential on a large lot near Hilo.
      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
    • $59,000

      Two Acre Rainforest Lot

      Two acre lot in Fern Acres near Keaau.
      PLUMERIA ST, Mountain View, HI 96771
      View Details
    • $55,000

      Three Acres on Uau Road

      Three acre lot suitable for agriculture or residential development.
      16-1223 ROAD 5 (UAU), 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
    • $65,000

      Two-Acre Parcel in Fern Acres

      Two-acre parcel in Fern Acres subdivision of Mountain View, Hawaii.
      HIBISCUS ST, Mountain View, HI 96771
      View Details
    • $500,000

      Vacant Land in Mountain View

      Large vacant lot with great potential in Mountain View, HI.
      Huina Road, Mountain View, HI 96771
      View Details
    • $545,000

      Land in Mountain View, HI

      16.5 acre lot near Hilo with easy highway access.
      ENOS RD, Mountain View, HI 96771
      View Details
    • $39,500

      Eden Roc Vacant Land

      One-acre lot in Eden Roc, lush surroundings, endless potential.
      Puna Wai Ave, Mountain View, HI 96771
      View Details
    • $109,000

      One Acre Corner Lot

      One-acre corner lot with partially completed structure and water catchment.
      11-1880 AHIUKAU ST, Mountain View, HI 96771
      View Details
    • $110,000

      Equestrian Farm on 3 Acres

      3-acre equestrian farm with rich soil and mature landscaping.
      16-2089 O O A A RD, 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

    FAQs

    What type of property is this?
    Land - Five acre property featuring a workshop and water tank.
    Where is this land located?
    The property is located at 18-1309 IHOPE RD Mountain View, HI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 5‑acre property offers privacy and space; Includes a well‑built, insulated 600 sf workshop lounge; Secured with locked gates to both the subdivision and the lot
    (808) 959-4060
    We can help!
    Listing Contact
    GLORIA KOBAYASHI
    GLORIA KOBAYASHI
    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
    18-1309 IHOPE RD, Mountain View, HI 96771
    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!