Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    MAKOA RD Volcano, HI 96785

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $39,500

    LAND - Volcano, HI

    Lot size:
    3.00 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    15
    Last Refresh:
    May 7 at 10:06 pm

    Property Features for MAKOA RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-3A
    Standard status
    Active Under Contract
    APN
    3110271380000
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    328

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Kanoa k Dilcher

    Listing agent Kanoa k Dilcher

    Listing office eXp Realty 6600 Kalanianaole Highway, Suite 114, Mililani, HI

    Listing date Apr 23, 2026

    MLS# 729358 Listing URL

    Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Affordable 3‑acre wooded parcel
    • Agricultural zoning allows for a single‑family residence and a variety of potential uses
    • Peaceful, private setting with native ohia trees
    • Fairly level lot, ideal for building
    • Convenient location with easy access to Highway 11
    • Electricity Available

    Overview

    Three Acres in Fern Forest

    This affordable 3-acre wooded parcel is located in Fern Forest Vacation Estates, a growing community between Mountain View and Volcano Village. The fairly level lot offers a peaceful, private setting with native ohia trees and space to build a home, start a garden, or create an off-grid retreat. The agricultural zoning allows for a single-family residence and a variety of potential uses. The property has easy access to Highway 11 and is a short drive to Hilo, Volcano, and nearby amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Volcano
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.212
    Latitude
    19.4929

    Nearby Similar for Sale

    • $159,345

      Volcano Land Parcel with Views

      5.421 acre parcel in Volcano, ready for your dream home.
      15-3446 GLENWOOD RD, Volcano, HI 96785
      View Details
    • $186,917

      Volcano Land Parcel For Sale

      6.359 acre parcel in scenic Volcano area.
      18-3460 GLENWOOD RD, Volcano, HI 96785
      View Details
    • $175,277

      Volcano Land Parcel For Sale

      5.963 acre parcel with graded driveway and cleared house site.
      18-3448 GLENWOOD RD, Volcano, HI 96785
      View Details
    • $147,000

      Volcano Land Parcel Ready

      5-acre Volcano, HI parcel with cleared house site.
      18-3430 GLENWOOD RD, Volcano, HI 96785
      View Details
    • $147,000

      Volcano Land Parcel Ready

      5-acre parcel in Volcano, ready for your Hawaii dream.
      18-3428 GLENWOOD RD, Volcano, HI 96785
      View Details
    • $80,000

      Lush Land in Ohia Estates

      Two lots totaling nearly half an acre in Volcano, HI.
      LIONA ST, Volcano, HI 96785
      View Details
    • $87,500

      Vacant Land in Mauna Loa

      Half-acre lot in Volcano, HI, ideal for building.
      11TH ST, Volcano, HI 96785
      View Details
    • $50,000

      Royal Hawaiian Estates Land Opportunity

      Residential land in Volcano, build your dream home!
      11-3049 ANUHEA ST, Volcano, HI 96785
      View Details
    • $79,000

      Volcano, HI Land Opportunity

      20,000 sq. ft. flag lot in Volcano, Hawaii.
      11-3046-A ANUHEA ST, Volcano, HI 96785
      View Details
    • $50,000

      Land in Royal Hawaiian Estates

      Flag lot in Volcano, build your dream home!
      ANUHEA ST, Volcano, HI 96785
      View Details
    • $58,000

      Volcano Land For Off-Grid Living

      Land in Volcano, HI, perfect for building an off-grid home.
      ALII KOA ST, Volcano, HI 96785
      View Details
    • $53,625

      Wooded Land in Volcano, Hawaii

      Large wooded lot in Royal Hawaiian Estates. Build your dream home.
      11-3188-A ANUHEA ST, Volcano, HI 96785
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Wooded parcel in a growing community near Volcano Village.
    Where is this agricultural land / farmland located?
    The property is located at MAKOA RD Volcano, HI.
    What is the asking price?
    The asking price for this property is $39,500.
    What are key features of this property?
    This property features: Affordable 3‑acre wooded parcel; Agricultural zoning allows for a single‑family residence and a variety of potential uses; Peaceful, private setting with native ohia trees
    (808) 375-2349
    We can help!
    Listing Contact
    Kanoa k Dilcher
    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
    MAKOA RD, Volcano, HI 96785
    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!