Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    54-250 Lokahi Rd Kapaau, HI 96755

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    54-250 Lokahi Rd Kapaau, HI 96755

    View on Map
    • Investment properties
    For Sale
    $19,950,000
    View Listing →
    Oceanfront Eco-Lodge, Hawai'i Island For Sale
    $19,950,000

    Oceanfront Eco-Lodge, Hawai'i Island

    Luxury Hawai'i Island retreat, 16 guest rooms, expansion potential.

    54-250 Lokahi Rd, Kapaau, HI 96755
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 54-250 Lokahi Rd

    Property type
    Investment properties

    Description

    This exceptional Hawai'i Island business opportunity encompasses a 14.5-acre oceanfront property boasting dramatic coastal cliffs and breathtaking Maui views. The established boutique eco-lodge, operating since 2008, features 16 guest rooms of varying types: eight in the main lodge, three freestanding hale, and five yurts nestled within lush tropical landscaping. The main lodge includes a commercial kitchen, dining room, yoga/dance studio, library/media room, and reception/office. A comprehensive spa complex offers a swimming pool, hot tub, exercise/yoga hale, meeting room, locker rooms, and outdoor treatment platforms. The property's sustainable design incorporates a county water supply and an off-grid electrical system powered by solar energy with a backup generator. A 2024 permit amendment allows expansion to 36 guest rooms, significantly increasing revenue potential. Five acres are dedicated to hotel and spa facilities, while the remaining land is cultivated as orchards and gardens, showcasing native and tropical flora. A shoreline access trail provides guests with scenic hiking opportunities. The property's secluded location in historic Kohala, birthplace of Kamehameha I, attracts a loyal clientele of corporate groups and individual travelers seeking privacy and a unique natural setting. The sale includes both the real property and business assets, including future bookings. This is a rare opportunity to acquire a thriving, sustainable business with significant growth potential in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kapaau
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.799
    Latitude
    20.2471

    Comparable in this City

    • Value Estimation by Request
      30,754 SF

      54-250 Lokahi Rd

      Hotels • 30,754 SF
      54-250 Lokahi Rd, Kapaau, HI 96755
      View Details
    • Value Estimation
      $990,000
      2,060 SF

      53-3925 Akone Pule Hwy

      COMMERCIAL (GENERAL) • 2,060 SF
      53-3925 Akone Pule Hwy, Kapaau, HI 96755
      View Details
    • Value Estimation by Request
      1,056 SF

      53-415 Kapaau Rd

      COMMERCIAL (GENERAL) • 1,056 SF
      53-415 Kapaau Rd, Kapaau, HI 96755
      View Details
    • Value Estimation by Request
      392 SF

      54-364 Kamehameha Park Rd

      COMMERCIAL (GENERAL) • 392 SF
      54-364 Kamehameha Park Rd, Kapaau, HI 96755
      View Details
    • Value Estimation by Request
      0.23 Acres

      Kapaau, HI 96755

      INDUSTRIAL (GENERAL) • 0.23 Acres
      Kapaau, HI 96755
      View Details
    • Value Estimation by Request
      0.32 Acres

      54-3888 Akoni Pule Hwy

      VACANT COMMERCIAL LAND • 0.32 Acres
      54-3888 Akoni Pule Hwy, Kapaau, HI 96755-3082
      View Details

    Similar Nearby for Sale

    • $19,950,000

      Oceanfront Eco-Lodge, Hawai'i Island

      Luxury Hawai'i Island retreat, 16 guest rooms, expansion potential.
      54-250 Lokahi Rd, Kapaau, HI 96755
      View Details
    • $570,000
      2.23 Acres

      Kapaau Land with Ocean Views

      Cleared, grassy 2.23-acre lot with ocean views in Kapaau.
      54-1119 Mahiai Pl, Kapaau, HI 96755
      View Details
    • $17,500,000
      14.50 Acres

      Boutique Eco-Lodge on Hawaii Island

      Oceanfront retreat with expansion potential in historic Kohala.
      54-250 Lokahi Rd, Kapaau, HI 96755
      View Details
    • Contact for pricing
      30,754 SF

      Oceanfront Eco-Lodge on Hawai'i Island

      Boutique eco-lodge on 14.5 acres with expansion potential.
      54-250 Lokahi Rd, Kapaau, HI 96755
      View Details
    • $3,350,000

      North Kohala Agricultural Estate

      82-acre estate with agricultural resources and renovated barn.
      53-4223 Pratt Rd, Kapaau, HI 96755
      View Details
    • Contact for pricing

      Diverse Land with Building Plans

      Large property with building plans in serene mountain setting.
      54-2198 Kynnersley Rd, Kapaau, HI 96755
      View Details
    View Listing
    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.
    54-250 Lokahi Rd
    Kapaau, HI 96755
    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.
    Sign Up Successful!
    You now have access to more from Realmo!