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    Keahumoa Pkwy Ewa Beach, HI 96706
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    Keahumoa Pkwy Ewa Beach, HI 96706

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    • Land
    • 1.81 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Keahumoa Pkwy

    Lot size
    1.81 lot acres
    Property type
    Land

    Description

    This exceptional 1.81-acre commercial lot, located in the thriving master-planned community of Hoopili in Ewa Beach, Hawaii, presents a unique investment opportunity. Zoned B-1 Neighborhood Business, this level, graded lot is fully prepared for immediate construction, with utilities already stubbed to the property line. Its strategic location along Keahumoa Parkway ensures high visibility and convenient access for businesses, benefiting from its proximity to Konane Park and the planned 11,750 households within Hoopili. The lot's three-street border maximizes exposure, while the future extension of Keahumoa Parkway to Old Fort Weaver Road will significantly expand its reach and accessibility to the broader Ewa Beach community. This prime parcel is ideally suited for a variety of commercial uses, capitalizing on the rapid growth and vibrant atmosphere of this burgeoning neighborhood. Hoopili's comprehensive development includes five new schools, parks, a transit station, and over 200 acres of agricultural land, creating a thriving and diverse community. The master developer, D.R. Horton, strategically positioned this lot to ensure easy access from within the entire Hoopili project. This build-ready lot offers an unparalleled opportunity to establish a successful business within a rapidly expanding and highly desirable location. The asking price is $2,800,000. Honolulu County location, zip code 96706.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ewa Beach
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.037
    Latitude
    21.3529

    Comparable in this City

    • Value Estimation by Request
      2,202 SF

      91-679 Fort Weaver Rd

      Land • 2,202 SF
      91-679 Fort Weaver Rd, Ewa Beach, HI 96706
      View Details
    • Value Estimation by Request
      5.50 Acres

      Keoneula Blvd

      Land • 5.50 Acres
      0 Keoneula Blvd, Ewa Beach, HI 96706
      View Details
    • Value Estimation by Request

      Geiger Rd And Kamakani St

      Land
      0 Geiger Rd And Kamakani St, Ewa Beach, HI 96706
      View Details
    • Value Estimation by Request

      Geiger Rd And Kamakani St

      Land
      0 Geiger Rd And Kamakani St, Ewa Beach, HI 96706
      View Details
    • Value Estimation by Request
      276 SF

      91-2135 Ft Weaver Rd Ste, Unit 206

      COMMERCIAL (GENERAL) • 276 SF
      91-2135 Ft Weaver Rd Ste, Ewa Beach, HI 96706-1929
      View Details
    • Value Estimation
      $1,375,000
      6,831 SF

      91-2135 Ft Weaver Rd Ste, Unit 501

      COMMERCIAL (GENERAL) • 6,831 SF
      91-2135 Ft Weaver Rd Ste, Ewa Beach, HI 96706-1929
      View Details

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    Ewa Beach, HI 96706
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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.

    More about this property
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