Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    370 Acres in Waihe'e Valley Title is generated by Realmo AI

    Kahekili Hwy, Wailuku, HI 96793

    View on Map
    Claim this Listing
    New
    For Sale
    $15,875,000

    Vacant Land - Wailuku, HI

    Lot size:
    370.00 Acres
    Added:
    May 15, 2026
    Days on Market:
    7
    Last Refresh:
    May 21 at 12:06 am

    Property Features for Kahekili Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    3
    Standard status
    Active
    Lot size
    370.00 Acres

    Utilities

    Water front features
    Across Street From Ocean

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Joshua Chavez

    Listing agent Joshua Chavez License #RS-58385

    Listing office Coldwell Banker Island Prop-Ku 1819 S Kihei Rd, Kihei, HI

    Listing date May 15, 2026

    MLS# 409624 Listing URL

    Copyright © 2026 Realtors ® Association of Maui, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 370‑acre property with preliminary approval for a 24‑lot subdivision.
    • Expansive ocean and mountain views from homesites.
    • Three existing water wells for a private water system.
    • Walking distance to ocean and river access.
    • Located in a private country setting, yet centrally located near Wailuku Town and Kahului Airport.
    • Bordered by Waihe’e River and thousands of acres of forest preserve.

    Overview

    This 370-acre property is located in Waihe'e Valley on the North Shore of Maui. Plans are in place for preliminary approval of a 24-lot subdivision, offering expansive ocean and mountain views from the homesites. Three water wells are already in place, intended for a private water system for residential and irrigation uses. The property is located within walking distance of ocean and river access. The Waihe'e River, providing fresh mountain water, runs along the south side of the land, which is bordered by other large parcels and thousands of acres of forest preserve. This location offers a private country setting, yet is centrally located, approximately 10 minutes from Wailuku Town and 15 minutes from the Kahului Airport. The property is suitable for a self-sufficient estate, ranch, or retreat, with pure ground water, rainfall, and trade wind breezes, creating an ideal climate for growing food. Elevations range from approximately 200 ft to 1,300 ft. Waihe'e Valley is known for its river and the Waihe'e Ridge hiking trail, located just above this property.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.537202
    Latitude
    20.959885

    Nearby Similar for Sale

    • $800,000

      Turnkey Bar Opportunity in Wailuku

      Thriving, fully licensed bar in Wailuku's historic arts district.
      45 N Market St, Wailuku, HI 96793
      View Details
    • $660,000

      Wailuku Homesite with Ocean Views

      Prime Wailuku homesite with ocean and Haleakala views.
      563 Kauna Lipo Dr, Wailuku, HI 96793
      View Details
    • $1,425,000

      Wailuku Multi-Dwelling Ocean View Property

      Island retreat with ocean views, modern upgrades, and flexible spaces.
      2609 Kahekili Hwy, Wailuku, HI 96793
      View Details
    • $670,000

      Wailuku Vacant Land with Panoramic Views

      Hillside lot with utilities ready for custom home development.
      614 Kauna Lipo Dr, Wailuku, HI 96793
      View Details
    • $650,000

      Residential Land in Desirable Wailuku

      Spacious lot in established neighborhood with mountain and ocean views.
      147 Moolu Cir, Wailuku, HI 96793
      View Details
    • $499,000

      Ocean View Estates Building Site

      Rare opportunity to build your dream home with stunning views.
      1369 Owaka St, Wailuku, HI 96793
      View Details
    • $2,035,000

      Development Opportunity in Central Maui

      A-2 zoned vacant parcel with development plans in Wailuku.
      901 Lower Main St, Wailuku, HI 96793
      View Details
    • $635,000

      Large Lot in Wai'olu Estates

      Build-ready lot with ocean and mountain views in Wailuku.
      109 Kiha Pl, Wailuku, HI 96793
      View Details
    • $699,000

      Terraced Lot in Central Maui

      10,001 sq. ft. lot with inspiring island views.
      417 Liholiho St, Wailuku, HI 96793
      View Details
    • $799,000

      Vacant Land in Gated Community

      Premier lot with panoramic views in Wailuku, Central Maui.
      141 S Laikeha Pl, Wailuku, HI 96793-0000
      View Details
    • $1,325,000

      Agricultural Land with Mountain Views

      3.82 acres of improved agricultural land in Wailuku, Hawaii.
      1270 Piihana Rd, Wailuku, HI 96793-1229
      View Details
    • $1,188,000

      Oceanfront Buildable Parcel in Wailuku

      Rare oceanfront parcel with approved permits and architectural plans.
      523 Kaikoo St, Wailuku, HI 96793
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Pristine land with subdivision plans, water wells, and natural beauty.
    Where is this residential land & home lot located?
    The property is located at Kahekili Hwy Wailuku, HI.
    What is the asking price?
    The asking price for this property is $15,875,000.
    What are key features of this property?
    This property features: 370‑acre property with preliminary approval for a 24‑lot subdivision.; Expansive ocean and mountain views from homesites.; Three existing water wells for a private water system.
    (808) 268-9726
    We can help!
    Listing Contact
    Joshua Chavez
    Real Estate License ID: RS-58385
    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

    Thank You for Inquiry
    Kahekili Hwy, Wailuku, HI 96793
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!