Sign Up Successful!
You now have access to more from Realmo!
    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

    84-207 Makau St Waianae, HI 96792

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $919,000

    Oceanfront lot with unobstructed ocean views in a desirable community.

    Property Features for 84-207 Makau St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Ruddy Li
    Ruddy Li
    Source: Corcoran

    Listing Agent: Ruddy Li

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

    Learn more

    Property Insight Report

    Overview

    Oceanfront Lot in Makaha

    This oceanfront lot is located on the leeward side of Oahu, in the community of Makaha. The flat 12,313 square foot lot has a depth of 176.27 feet, providing space for an oceanfront setback to build a home. The property offers unobstructed ocean views and west coast breezes. The rocky coastline provides a setting to build a home. Makaha Beach, a surfing destination, is located nearby, with opportunities for swimming, snorkeling, and fishing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Waianae
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.229468
    Latitude
    21.482053

    Nearby Similar for Sale

    • $4,200,000

      Makaha Beachfront Estate with Ocean Views

      Rare beachfront estate perfect for vacation rentals or private residence.
      84-485 Farrington Hwy, Waianae, HI 96792
      View Details
    • $599,000

      Waianae Multifamily Property Near Beach

      Two detached homes on one lot near Tumblelands beach.
      87-118 Alapaki St, Waianae, HI 96792
      View Details
    • New
      $3,500,000
      12.00 Acres

      Agricultural Property with Two Homes

      Over 12-acre agricultural property featuring two single-family homes.
      87-1087 Apuupuu Rd, Waianae, HI 96792
      View Details
    • $1,188,000

      Waianae Homestead with Farmland

      3.41 acres with two homes and agricultural potential.
      85-775A Waianae Valley Rd, Waianae, HI 96792
      View Details
    • New
      $3,500,000
      12.00 Acres

      Agricultural Land with Two Homes

      Over 12-acre agricultural property featuring two well-built single-family homes.
      87-1087 Apuupuu Rd, Waianae, HI 96792
      View Details
    • $825,000
      1,596 SF

      Renovated Home with Ocean Views

      Renovated 5-bedroom home with ocean and mountain views in Waianae.
      86-162 Kawili St, Waianae, HI 96792
      View Details
    • New
      $850,000
      2,230 SF

      New Multi-Family Home in Waianae

      New 5-bedroom home in Maili near beach and amenities.
      87-102 C Kulaaupuni St, Waianae, HI 96792
      View Details
    • New
      $850,000
      2,230 SF

      Waianae Multi-Family Home

      5-bedroom, 3-bath home near Maili Elementary and the beach.
      87-102 C Kulaaupuni St, Waianae, HI 96792
      View Details
    • $3,700,000

      Waianae Multifamily Property Near Ocean

      Apartment property one block from the ocean with development potential.
      84-1111 Hana St, Waianae, HI 96792
      View Details
    • $2,900,000

      Waianae Property with Three Structures

      Well-maintained property featuring temple, home, and social hall.
      85-762 Old Government Rd, Waianae, HI 96792
      View Details
    • $3,700,000

      Waianae Apartment Property Opportunity

      Apartment property near ocean with development potential in Waianae.
      84-1111 Hana St, Waianae, HI 96792
      View Details
    • $599,500
      1,800 SF

      Legal Duplex: Income Opportunity

      Waianae duplex with strong income potential and mountain views.
      84-924 Hana St, Waianae, HI 96792
      View Details

    FAQs

    What type of property is this?
    Land - Oceanfront lot with unobstructed ocean views in a desirable community.
    Where is this land located?
    The property is located at 84-207 Makau St Waianae, HI.
    What is the asking price?
    The asking price for this property is $919,000.
    What are key features of this property?
    This property features: - Unobstructed, **stunning blue ocean views**; - Oceanfront lot on the quiet leeward side of Oahu; - **Large, flat 12,313 SF lot** with ample space for an oceanfront setback
    (808) 282-4095
    Request Owner's contact information
    84-207 Makau St Waianae, HI 96792
    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.
    84-207 Makau St
    Waianae, HI 96792
    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
    84-207 Makau St Waianae, HI 96792
    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

    We can help!
    Listing Contact
    Ruddy Li
    Ruddy Li
    Real Estate License ID: RS-81612
    (808) 282-4095
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.