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    96-1061 Ctr Rd Pahala, HI 96777
    Property profile & analytics

    96-1061 Ctr Rd, Pahala, HI 96777

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    • Hospitality properties
    • 4,000 SF
    • 11.43 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 96-1061 Ctr Rd

    Year built
    1915
    Lot size
    11.43 lot acres
    Property type
    Hospitality properties

    Description

    This exceptional 11.43-acre property in Pahala, Hawaii (96-1061 Center Rd, 96777), presents a unique investment opportunity. The "Ke Moku'aina Maka'i" (Realm of Goodness) encompasses four buildings totaling 4,000 square feet, including a five-bedroom main house used as a short-term rental, two long-term rental cottages, and a two-bedroom caretaker's home. A smaller caravan provides additional guest accommodations. The property boasts 3,500 square feet of net rentable space with 100% occupancy. Built between 1915 and 1980, with renovations spanning 1976-2023, the structures are well-maintained and recently painted, featuring a new walk bridge (2023). The land includes excellent pasturage (currently supporting seven sheep) and farmland suitable for coffee or other crops. A natural wash adds to the property's beauty and provides natural separation between residences. Enjoy breathtaking views of the mountain range and the Pacific Ocean, along with established meditation paths. This fee-simple property is zoned A-20a and offers a blend of short-term and long-term rental income streams, making it ideal for owner-users seeking a profitable and idyllic lifestyle. The property's history and charm, combined with its income potential and stunning location, make it a truly exceptional offering. The asking price is $1,200,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pahala
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.481
    Latitude
    19.2735

    Comparable in this City

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      $6,450,000
      4.25 Acres

      96-900 Government Rd

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    • Value Estimation
      $4,385,000
      21,082 SF

      96-1115 Kamani St

      COMMERCIAL (GENERAL)
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    • Value Estimation
      $690,000
      3,500 SF

      96-2951 Paauau St

      COMMERCIAL (GENERAL)
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    • Value Estimation
      $6,125,000
      7,493 SF

      96-894 Government Rd

      COMMERCIAL (GENERAL)
      96-894 Government Rd, Pahala, HI 96777
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    • Value Estimation by Request
      0.46 Acres

      Pahala, HI 96777

      VACANT COMMERCIAL LAND
      Pahala, HI 96777
      View Details
    • Value Estimation by Request
      0.20 Acres

      Pahala, HI 96777

      INDUSTRIAL (GENERAL)
      Pahala, HI 96777
      View Details

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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.

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