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    Four Acres in Ocean View Title is generated by Realmo AI

    92-8622 KING KAMEHAMEHA BLVD, Ocean View, HI 96737

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    Claim this Listing
    For Sale
    $110,000

    Four acre property in Hawaiian Ocean View Estates.

    Type:Land or Vacant Lot
    Lot size:
    4.00 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    142
    Last Refresh:
    Apr 5 at 11:12 pm

    Property Features for 92-8622 KING KAMEHAMEHA BLVD

    General Information

    Standard status
    Active
    Lot size
    4.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    FRANCIS B MACK MCCLELLAND

    Listing agent FRANCIS B MACK MCCLELLAND

    Listing office CAMINO PROPERTIES

    Listing date Jan 14, 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 CAMINO PROPERTIES

    HighLights

    • 4 acres of land comprised of 3 continuous lots.
    • Ocean views available from the upper parcels.
    • Potential for farming operation with entrances from King Kam Blvd to Tiki Lane.
    • Two separate TMK parcels suitable for future house sites.
    • Located in Hawaiian Ocean View Estates, a rural subdivision in the Ka'u District.
    • Business amenities exist in the area.

    Overview

    This property features three continuous lots totaling 4 acres, located between King Kamehameha Boulevard and Tiki Lane. The property includes TMK# 392-102-15, a consolidated 2-acre parcel, and TMK# 392-102-35 and 36, two separate 1-acre lots. The sellers prefer to sell all lots as one package, but all offers will be considered. Records indicate the lower property was an active organic lettuce farm between 1992 and 2005. The upper two parcels were partially grubbed in the past and could be improved to extend a farming operation with entrances from King Kamehameha Boulevard through to Tiki Lane. Alternatively, since they are separate TMK parcels, each could be planned as future house sites. Ocean views are available on these parcels, offering possibilities for a creative environment. The King Kamehameha Boulevard property is on HELCO old power. The Tiki properties have HELCO SSPP unit # 283, with a share cost of $893.00 to hook-up to electricity for each parcel. The property is sold "As-Is". Hawaiian Ocean View Estates is a rural subdivision of 1-acre lots in the District of Ka'u, at the southern end of the Big Island of Hawaii. Business amenities are available in this area.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Ocean View
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.922
    Latitude
    19.4962

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Four acre property in Hawaiian Ocean View Estates.
    Where is this agricultural land / farmland located?
    The property is located at 92-8622 KING KAMEHAMEHA BLVD Ocean View, HI.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: 4 acres of land comprised of 3 continuous lots.; Ocean views available from the upper parcels.; Potential for farming operation with entrances from King Kam Blvd to Tiki Lane.
    (808) 315-5343
    We can help!
    Listing Contact
    FRANCIS B MACK MCCLELLAND
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    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.

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