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    66-239 A Kamehameha Hwy Haleiwa, HI 96712

    For Sale
    $8,695,000

    Prime Haleiwa development site, high NOI, 41,992 sq ft.

    Property size:
    41,992 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 41,992 square foot commercial land parcel presents a unique investment opportunity in the thriving Haleiwa business zone on Oahu's North Shore. Located at 66-239 A Kamehameha Highway, Haleiwa, HI 96712, this property boasts 150 feet of prime frontage on Kamehameha Highway, a key thoroughfare experiencing high tourist traffic. Currently zoned B-1, the land offers significant development potential, particularly for restaurant uses, as indicated by its permitted zoning and subtype designations. The asking price is $8,695,000, translating to $207.06 per square foot. A significant advantage is the inclusion of existing short-term tenants generating a stabilized net operating income (NOI) of $322,196, providing a pro-forma cap rate of 3.71% and 100% occupancy. This allows for potential revenue generation while development plans are finalized. Detailed information, including aerial video/photos, sales comparables, a feasibility study, and access to further due diligence files, is available upon request. This is the largest undeveloped business parcel on Oahu's North Shore, presenting a rare chance to establish a prominent brand in a high-demand tourist destination. The property is multi-tenanted and includes parking and parking lot space.

    Property Features for 66-239 A Kamehameha Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    41,992 SF

    HighLights

    • 41,992 SF commercial land parcel in Haleiwa, Oahu's North Shore.
    • 150' of Kamehameha Highway frontage in high‑tourist area.
    • B‑1 zoning, ideal for restaurants.
    • Asking price: $8,695,000 ($207.06/SF).
    • $322,196 annual NOI from existing short‑term tenants (3.71% cap rate, 100% occupancy).
    • Largest undeveloped business parcel on Oahu's North Shore; includes parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Haleiwa
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.1036469
    Latitude
    21.5870898

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    FAQs

    What type of property is this?
    Restaurant - Prime Haleiwa development site, high NOI, 41,992 sq ft.
    Where is this restaurant located?
    The property is located at 66-239 A Kamehameha Hwy Haleiwa, HI.
    What is the asking price?
    The asking price for this property is $8,695,000.
    What are key features of this property?
    This property features: 41,992 SF commercial land parcel in Haleiwa, Oahu's North Shore.; 150' of Kamehameha Highway frontage in high-tourist area.; B-1 zoning, ideal for restaurants.
    Request Owner's contact information
    66-239 A Kamehameha Hwy Haleiwa, HI 96712
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    Realmo Value Estimation

    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.

    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.

    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
    66-239 A Kamehameha Hwy Haleiwa, HI 96712
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