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    66-239 Kamehameha Hwy Haleiwa, HI 96712

    For Sale
    $8,695,000

    Prime 0.96-acre Haleiwa commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.96-acre commercial land parcel, located at 66-239 Kamehameha Highway in Haleiwa, Hawaii, presents a compelling investment opportunity. Situated in Honolulu County, with a Haleiwa zip code of 96712 (APN 1-6-6-9-27), this B-1 zoned property offers significant potential. The asking price is $8,695,000, translating to a price per acre of $9,019,675. The property currently generates a net operating income (NOI) of $273,791, derived from a gross income of $316,791, less $43,000 in real property taxes. Given Haleiwa's booming tourism, this land is well-positioned for redevelopment, offering flexibility for investors seeking a stable income stream or a land bank option. Its strategic location and current income make it an attractive prospect for those considering a 1031 exchange. The property's latitude and longitude coordinates are 21.5868248 and -158.1033503 respectively. This is a rare opportunity to acquire a significant commercial land holding in a high-demand location.

    Property Features for 66-239 Kamehameha Hwy

    General Information

    Property type
    Land
    Lot Size
    41,818 SF

    HighLights

    • Strong current NOI of $273,791 (Gross Income $316,791, Expenses $43,000).
    • Haleiwa's booming tourism market offers significant upside.
    • Excellent 1031 exchange opportunity.
    • Ideal for redevelopment, or maintain as a stable income stream or land bank.
    Property Profile Location Intelligence

    Current Use by Public Records

    WICKED HI PIZZA Italian Restaurant

    Map

    City
    Haleiwa
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.1033503
    Latitude
    21.5868248

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    FAQs

    What type of property is this?
    Land - Prime 0.96-acre Haleiwa commercial lot.
    Where is this land located?
    The property is located at 66-239 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: Strong current NOI of $273,791 (Gross Income $316,791, Expenses $43,000).; Haleiwa's booming tourism market offers significant upside.; Excellent 1031 exchange opportunity.
    (808) 441-0537
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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 Kamehameha Hwy Haleiwa, HI 96712
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