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

    64-1063 MAMALAHOA HIGHWAY Kamuela, HI 96743

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $499,000

    Commercial zoned lot in Waimea behind Waimea Town Plaza.

    Type:Land or Vacant Lot
    Added:
    Dec 24, 2025
    Days on Market:
    118
    Last Refresh:
    Apr 5 at 9:54 pm

    Property Features for 64-1063 MAMALAHOA HIGHWAY

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    ERIK JACOBSON

    Listing agent ERIK JACOBSON

    Listing office COMPASS

    Listing date Dec 24, 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

    Waimea Commercial Lot For Sale

    A "Neighborhood Commercial" zoned lot in Waimea, situated behind the Waimea Town Plaza, is available for purchase. The CN-7.5 zoning permits local commercial activities and community services, including shops, offices, and some housing. Design drawings are available upon request for a potential project at this location; an abbreviated set of drawings is included in the addenda link. The land is currently leased on a month-to-month basis. The lot is located off of Mamalohoa Hwy, behind Waimea Town Plaza, where signage is allowed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Kamuela
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.657
    Latitude
    20.0261

    Nearby Similar for Sale

    • $485,000
      616 SF

      Waimea Town Plaza Commercial Space

      Commercial space in Waimea Town Plaza with flexible zoning.
      64-1061 MAMALAHOA HIGHWAY, Kamuela, HI 96743
      View Details
    • $499,000

      Kohala Ranch Land with Panoramic Views

      4.26 acre lot with ocean and mountain views.
      59-216 KIPA MAI PLACE, Kamuela, HI 96743
      View Details
    • $690,000

      Kamuela Land with Approved Plans

      10-acre parcel in Waiki'i Ranch with approved architectural plans.
      67-1009 KEAMUKU RD, Kamuela, HI 96743
      View Details
    • $349,500

      Land with Approved Building Plans

      3.596 acre lot with approved plans in Kamuela, HI.
      59-407 W MAKI PL, Kamuela, HI 96743
      View Details
    • $2,699,000

      Ocean View Estate Parcel

      Over one acre homesite with ocean, mountain, and golf views.
      68-1019 KE KAILANI DR, Kamuela, HI 96743
      View Details
    • $350,000

      Three Acre Ocean View Lot

      Desirable Kohala Ranch lot with ocean views and approved plans.
      59-424 PALILA PLACE, Kamuela, HI 96743
      View Details
    • $2,550,000

      Land with Approved Building Permit

      Land with permit for a 4,652 sqft estate.
      62-3820 AMAUI DR, Kamuela, HI 96743
      View Details
    • $395,000

      Kamuela Land with Ocean Views

      11.92 acre lot with ocean views in Kohala Ranch.
      59-1009 KOHALA RANCH RD, Kamuela, HI 96743
      View Details
    • $750,000

      Kamuela Acre with Mountain Views

      Build-ready 1-acre parcel in desirable Mokuloa neighborhood.
      64-5288 MOKULOA DR, Kamuela, HI 96743
      View Details
    • $485,000
      616 SF

      Waimea Town Plaza Commercial Space

      Commercial space with high visibility and flexible zoning in Waimea.
      64-1061 MAMALAHOA HIGHWAY #101, Kamuela, HI 96743
      View Details
    • $589,000

      Premium Vacant Lot Opportunity

      Rare opportunity to build in Kohala By the Sea.
      59-127 HONUKAI PL, Kamuela, HI 96743
      View Details
    • $1,215,000

      Waikii Ranch 20-Acre Parcel

      Premier 20-acre parcel in Waikii Ranch with ocean views.
      23 ALULIKE ROAD, Kamuela, HI 96743
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial zoned lot in Waimea behind Waimea Town Plaza.
    Where is this commercial land located?
    The property is located at 64-1063 MAMALAHOA HIGHWAY Kamuela, HI.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: "Neighborhood Commercial" zoning allows for diverse opportunities.; Rare commercially zoned lot in Waimea.; Located behind Waimea Town Plaza with signage allowance off Mamalohoa Hwy.
    (808) 378-5447
    We can help!
    Listing Contact
    ERIK JACOBSON
    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!