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    48-500 Kamehameha Hwy Kaneohe, HI 96744
    Property profile & analytics

    48-500 Kamehameha Hwy Kaneohe, HI 96744

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    • Residential income homes
    Off-Market
    Property ID
    US24-0435776
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Waikane Farm / Food Processing Plant

    Property Details for 48-500 Kamehameha Hwy

    Property type
    Residential income homes

    Description

    This exceptional 2.25-acre gated estate in Kaneohe, Hawaii, presents a unique blend of luxury living and agricultural potential. Situated near Kualoa Ranch and Kualoa Beach Park, the property boasts an elegantly updated 4-bedroom, 3.5-bathroom main house with a separate Ohana quarters and a bonus workshop complete with a full bath. The home's expansive great room features a fireplace and seamlessly flows into an over 4,000 square foot wrap-around lanai, creating an idyllic indoor/outdoor living space. The lanai overlooks a tranquil pond, waterfall, pergola, and garden, offering breathtaking sunrise and moonrise views of the ocean and Mokoli'i Island. The recently redesigned interior showcases a sophisticated blend of modern and bespoke materials, including woven wallcoverings, natural stone, mosaic tile, brass accents, and premium fixtures. The home is equipped with upgraded appliances and 52 owned photovoltaic panels, ensuring both comfort and sustainability. Zoned AG-2, this secluded estate provides ample space for a small farm or agricultural pursuits, making it an ideal private retreat or investment opportunity. The property is located at 48-500 Kamehameha Hwy, Kaneohe, HI 96744, and is offered at $4,300,000.

    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
    Kaneohe
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.853735
    Latitude
    21.499415

    Comparable in this City

    • New
      $1,748,000
      3,111 SF

      Kaneohe Bay Multi-Living Opportunity

      Multi-home property in Lulani Ocean with rental income potential.
      47-174 Kamehameha Hwy, Kaneohe, HI 96744
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    • New
      $1,650,000
      4,331 SF

      Kaneohe Four-Unit Multifamily Property

      Four-unit property with income potential in Kaneohe, Hawaii.
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    • $795,000
      946 SF

      Kaneohe Residence with Mountain Views

      Two-bedroom residence with mountain views and a two-car garage.
      46-282 Ahui Nani Pl, Kaneohe, HI 96744
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    • $1,200,000

      Oceanfront Land Opportunity

      Expansive oceanfront property with direct access to the sea.
      47-833 Kamehameha Hwy, Kaneohe, HI 96744
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    • $750,000

      Kaneohe Land with Mountain Views

      Flat 5,000 sq ft lot with mountain and bay views.
      47-318 Waihee Rd, Kaneohe, HI 96744
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    • $1,200,000

      Oceanfront Land in Kaneohe, HI

      Expansive oceanfront property with direct access to the sea.
      47-833 Kamehameha Hwy, Kaneohe, HI 96744
      View Details

    Similar Nearby for Sale

    • New
      $1,748,000
      3,111 SF

      Kaneohe Bay Multi-Living Opportunity

      Multi-home property in Lulani Ocean with rental income potential.
      47-174 Kamehameha Hwy, Kaneohe, HI 96744
      View Details
    • New
      $1,650,000
      4,331 SF

      Kaneohe Four-Unit Multifamily Property

      Four-unit property with income potential in Kaneohe, Hawaii.
      47-325 Ahuimanu Rd, Kaneohe, HI 96744
      View Details
    • $795,000
      946 SF

      Kaneohe Residence with Mountain Views

      Two-bedroom residence with mountain views and a two-car garage.
      46-282 Ahui Nani Pl, Kaneohe, HI 96744
      View Details
    • $1,200,000

      Oceanfront Land Opportunity

      Expansive oceanfront property with direct access to the sea.
      47-833 Kamehameha Hwy, Kaneohe, HI 96744
      View Details
    • $750,000

      Kaneohe Land with Mountain Views

      Flat 5,000 sq ft lot with mountain and bay views.
      47-318 Waihee Rd, Kaneohe, HI 96744
      View Details
    • $1,200,000

      Oceanfront Land in Kaneohe, HI

      Expansive oceanfront property with direct access to the sea.
      47-833 Kamehameha Hwy, Kaneohe, HI 96744
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      Kaneohe Office Space Available Now

      Second floor office space in Kaneohe, Windward side of Oahu.
      46-012 Alaloa St, Kaneohe, HI 96744
      View Details
    • $0.78 SF/Yr

      Kaneohe Warehouse/Showroom Space Available

      Warehouse/showroom building with parking and street visibility in Kaneohe.
      46-174 Kahuhipa St, Kaneohe, HI 96744
      View Details
    • Contact for pricing

      Kaneohe Retail Space on Highway

      Freestanding retail building in Kaneohe with high visibility.
      45-1015 Kamehameha Hwy, Kaneohe, HI 96744
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      Kaneohe Office Space Available Now

      Second floor office space in Kaneohe industrial property for rent.
      46-012 Alaloa St, Kaneohe, HI 96744
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    • $0.78 SF/Yr

      Kaneohe Warehouse/Showroom Space Available

      Warehouse/showroom building with parking and street visibility in Kaneohe.
      46-174 Kahuhipa St, Kaneohe, HI 96744
      View Details
    • Contact for pricing

      Kaneohe Restaurant Space For Lease

      Restaurant space with grease trap, vent hood, and private restroom.
      46-148 Kahuhipa St, Kaneohe, HI 96744
      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.

    More about this property
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