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    OFF-MARKET
    Commercial real estate

    248 Piliwale Rd, Kula, HI 96790

    4.5 ac lot
    Property ID
    US24-0601829
    Property summary
    AI-generated overview

    This exceptional 4.5-acre property in Kula, Maui County, Hawaii (zip code 96790), presents a unique investment opportunity. Located at 248 Piliwale Rd, this fee simple land boasts stunning ocean and mountain views, ideal for a variety of uses. Currently zoned for agriculture, the property includes two homes, perfect for owners or caretakers. Multiple accessory buildings and several irrigated greenhouses are also present, equipped with state-of-the-art features. Recent upgrades include advanced Fohse 06i grow lights, automated irrigation and fertilization systems, a custom ventilation and cooling system, new pollen screens, and a CAT backup generator with a substantial 2500-gallon triple-wall diesel gas tank. The electrical system has also been updated. This property has a proven track record as a successful nursery and licensed hemp farm, offering a turnkey operation for a discerning buyer seeking a sustainable and potentially lucrative venture in the desirable Kula upcountry climate. The asking price is $4,490,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 4.5 ac (196,020 SF)
    UPID US24-0601829
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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