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    Old Mamalahoa Highway Pepeekeo, HI 96783
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    Old Mamalahoa Highway, Pepeekeo, HI 96783

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    • Residential income homes
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for Old Mamalahoa Highway

    Property type
    Residential income homes
    Property subtype
    Investment properties

    Description

    Escape to your own tropical haven with this meticulously designed estate in Hawaii. Nestled on the picturesque Big Island, this property offers serenity and convenience. Spanning 12.3 acres of fertile land, it's perfect for farming a variety of crops, including exotic fruits like lychee, mango, and avocados. The 2658sq. ft. Hawaiian-style home features four spacious bedrooms with en-suite bathrooms, a gourmet kitchen, and open-concept living spaces that capture panoramic views. Outbuildings for equipment storage and a farm manager are available for consultation. Surrounded by lush rainforests and stunning waterfalls, the property offers breathtaking views of the Pacific Ocean and abundant wildlife. Enjoy amenities like a saltwater pool, hiking trails, and easy access to surfing and snorkeling spots. With gated security, solar power, high-speed internet, and mature landscaping, this luxurious farm provides both comfort and sustainability. Whether you're seeking a private retreat or an agricultural masterpiece, this property offers the perfect canvas for your dreams. Embrace the Aloha spirit and make this paradise your own.

    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
    Pepeekeo
    County
    State
    Hawaii
    Longitude
    -155.099
    Latitude
    19.8346

    Comparable in this City

    • Value Estimation
      $7,280,000
      21,024 SF

      28-2926 Kumula St

      APARTMENT HOUSE (UNDER 5 UNITS)
      28-2926 Kumula St, Pepeekeo, HI 96783-9415
      View Details
    • Value Estimation by Request
      1,048 SF

      28-1099 Old Mamalahoa Hwy

      COMMERCIAL (GENERAL)
      28-1099 Old Mamalahoa Hwy, Pepeekeo, HI 96783-7700
      View Details
    • Value Estimation by Request
      5.75 Acres

      28-530 Sugar Ml Rd

      SHOW ROOM, WAREHOUSE
      28-530 Sugar Ml Rd, Pepeekeo, HI 96783
      View Details
    • Value Estimation by Request
      720 SF

      28-2927 Kumula St

      COMMERCIAL (GENERAL)
      28-2927 Kumula St, Pepeekeo, HI 96783-9407
      View Details
    • Value Estimation
      $1,240,000
      3,825 SF

      Pepeekeo, HI 96783

      COMMERCIAL (GENERAL)
      Pepeekeo, HI 96783
      View Details
    • Value Estimation
      $915,000
      4,194 SF

      Honomu Ln

      COMMERCIAL (GENERAL)
      Honomu Ln, Pepeekeo, HI 96783
      View Details

    Similar Nearby for Sale

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      Kaupakuea Homestead Land Opportunity

      20-acre agricultural land near Hilo with fertile soil.
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    • $4,256,000
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      Pepeekeo Estate with Ocean Views

      11.5 acre estate with two updated homes and subdivision potential.
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      20 Acres Agricultural Land, Pepeekeo

      20-acre agricultural parcel with privacy, accessibility, and agricultural potential.
      28-595 Kaupakuea Homestead Rd, Pepeekeo, HI 96783
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    • $1,075,000
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      Land with Ocean & Mountain Views

      22-acre parcel with potential for agricultural ventures or dream home.
      27-990 Onohi Loop, Pepeekeo, HI 96783
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      Ocean View Paradise Retreat Land

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      Oceanfront Land in Pepeekeo, Hawaii

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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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