Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Ho’oko St Waikoloa Village, HI 96738

    • Land
    • 179.90 lot acres
    For Sale
    View listing
    $7,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Ho’oko St

    Lot size
    179.90 lot acres
    Property type
    Land

    Description

    This exceptional 179.9-acre parcel presents a rare opportunity for residential development in the highly desirable Waikoloa Village, Hawaii. Located on Ho’oko Street, with the APN 3-6-8-2-40, this fee simple land boasts gently sloping terrain at approximately 800 feet elevation, providing panoramic views of the Pacific Ocean and surrounding mountains. Zoned RS-10 (Single Family Residential), the property allows for one single-family home per 10,000 square feet, with preliminary conceptual plans suggesting the potential for a 28-lot, upscale, low-density subdivision. The location offers convenient access to Waikoloa Elementary School and is near significant commercial amenities, including the Waikoloa Highlands Shopping Center (73,000 sq ft) and the new Waikoloa Plaza (136,000 sq ft), featuring a Foodland grocery store and a Holiday Inn Express (under construction). The property's prime location within Waikoloa Village, coupled with its stunning views and development potential, makes it an exceptional investment opportunity in a highly constrained residential submarket. The asking price is $7,000,000. The zip code is 96738.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waikoloa Village
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.794
    Latitude
    19.9493

    Comparable in this City

    • Value Estimation by Request
      10.75 Acres

      Acreage Near Intersection Of Waikoloa Rd And Paniolo Ave

      Farms • 10.75 Acres
      0 Acreage Near Intersection Of Waikoloa Rd And Paniolo Ave, Waikoloa Village, HI 96738
      View Details
    • Value Estimation
      $2,095,000
      5,632 SF

      68-1820 Pua Melia St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,632 SF
      68-1820 Pua Melia St, Waikoloa, HI 96738-5565
      View Details
    • Value Estimation by Request
      27.02 Acres

      Waikoloa, HI 96738

      VACANT COMMERCIAL LAND • 27.02 Acres
      Waikoloa, HI 96738
      View Details
    • Value Estimation by Request
      2.57 Acres

      68-1785 Pua Melia St

      VACANT COMMERCIAL LAND • 2.57 Acres
      68-1785 Pua Melia St, Waikoloa, HI 96738-5548
      View Details
    • Value Estimation by Request
      3.15 Acres

      Ainamalu St

      VACANT COMMERCIAL LAND • 3.15 Acres
      Ainamalu St, Waikoloa, HI 96738
      View Details
    • Value Estimation by Request
      3.66 Acres

      Waikoloa Plz Rd

      VACANT COMMERCIAL LAND • 3.66 Acres
      Waikoloa Plz Rd, Waikoloa, HI 96738
      View Details

    Similar Nearby for Sale

    • $7,000,000
      179.90 Acres

      Waikoloa Village Residential Land

      180 Acres, Ocean Views, Development Potential
      0 Ho’oko St, Waikoloa Village, HI 96738
      View Details
    • $1,749,000
      10.75 Acres

      Waikoloa Village Development Land

      10.75 Acres, Prime Location, $1.75M
      0 Acreage Near Intersection Of Waikoloa Rd And Paniolo Ave, Waikoloa Village, HI 96738
      View Details
    • $335,000
      0.27 Acres

      Residential Land in Waikoloa Village

      Cleared, gently sloped lot in a residential community with amenities.
      68-3714 Kauhiwai St, Waikoloa, HI 96738
      View Details
    • $279,000
      0.30 Acres

      Waikoloa Land with Ocean Views

      Residential land in Waikoloa with expansive ocean and mountain views.
      Waikoloa, HI 96738
      View Details
    • $368,000
      0.29 Acres

      Waikoloa Land with Ocean Views

      Premier homesite in Waikoloa Village with sweeping ocean and mountain views.
      68-1775 Niu Haohao Pl, Waikoloa, HI 96738
      View Details
    • $1,799,999
      10.75 Acres

      Waikoloa Land Development Opportunity

      Rare 10.75-acre corner parcel in Waikoloa Village.
      68-1529 Auwaiakekua Pl, Waikoloa, HI 96738
      View Details
    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.
    Ho’oko St
    Waikoloa Village, HI 96738
    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

    Google sign-in failed. Please try again or use another login method.