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    59-338 Wilinau Rd Haleiwa, HI 96712
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    Property profile & analytics

    59-338 Wilinau Rd Haleiwa, HI 96712

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    • Commercial real estate
    • 5.27 lot acres
    Off-Market
    Property ID
    US24-0096037
    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

    • The Sullivan Estate & JK7® Spa Retreat / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 59-338 Wilinau Rd

    Lot size
    5.27 lot acres
    Property type
    Commercial real estate
    APN
    1-5-9-018-034

    Description

    This exceptional 5.27-acre ranch property in Haleiwa, Honolulu County, Hawaii (APN: 1-5-9-018-034), presents a unique investment opportunity. The existing 10,592 square foot main residence, built in 1962, boasts six bedrooms and 5.5 bathrooms. Luxury amenities include a gym, swimming pool, jacuzzi, and spa treatment rooms. The property enjoys 400 feet of unobstructed ocean views overlooking Oahu's famed North Shore, with close proximity to world-class surf breaks like Pipeline, Sunset Beach, and Haleiwa. Zoned for Country Cluster, the land offers significant development potential, allowing for the creation of multiple homes or lots through a condominium property regime (CPR) or subdivision. The property's current configuration also presents a lucrative opportunity for long-term vacation rentals, with potential monthly income exceeding $450,000. This is a rare chance to acquire a prestigious estate with exceptional ocean views and substantial development potential in a highly desirable location. The property is located at 59-338 Wilinau Rd, Haleiwa, HI 96712.

    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
    Haleiwa
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.05718748
    Latitude
    21.65109677

    Comparable in this City

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      North Shore Agricultural Land Opportunity

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    • $1,100,000

      Anahulu Stream Front Land

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    • $1,500,000

      Haleiwa Agricultural Land with Ocean Views

      11.232 acre farm/ranch with ocean views in Haleiwa, HI.
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    • $18,500,000

      North Shore Estate Opportunity

      15-acre estate with ocean views, perfect for a retreat.
      58-248 Kamehameha Hwy, Haleiwa, HI 96712
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    • Contact for pricing
      41,992 SF

      Prime Haleiwa Business Parcel

      Largest undeveloped business parcel on Oahu's North Shore.
      66-239 A Kamehameha Hwy, Haleiwa, HI 96712
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      Haleiwa Land with B-1 Zoning

      Land in Haleiwa with potential for residential use.
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    Similar Nearby for Sale

    • $1,500,000

      Haleiwa Agricultural Land with Ocean Views

      11.232 acre farm/ranch with ocean views in Haleiwa, HI.
      64-486 Kamehameha Hwy, Haleiwa, HI 96712
      View Details
    • $1,100,000

      Anahulu Stream Front Land

      1.6 acres for farming, family compound, or yoga retreat.
      Kamehameha Hwy, Haleiwa, HI 96712
      View Details
    • $750,000

      North Shore Agricultural Land Opportunity

      5+ acre agricultural land in thriving North Shore community.
      64-486 Kamehameha Hwy, Haleiwa, HI 96712
      View Details
    • $18,500,000

      North Shore Estate Opportunity

      15-acre estate with ocean views, perfect for a retreat.
      58-248 Kamehameha Hwy, Haleiwa, HI 96712
      View Details
    • Contact for pricing
      41,992 SF

      Prime Haleiwa Business Parcel

      Largest undeveloped business parcel on Oahu's North Shore.
      66-239 A Kamehameha Hwy, Haleiwa, HI 96712
      View Details
    • $250,000

      North Shore Oahu Agricultural Land

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    Similar Nearby for Lease

    • Contact for pricing

      Turnkey Restaurant in Haleiwa

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    • Contact for pricing

      Haleiwa Mixed-Use Retail/Office Space

      Prominent mixed-use building on Kamehameha Highway in Haleiwa.
      66-590 Kamehameha Hwy, Haleiwa, HI 96712
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    Haleiwa, HI 96712
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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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    59-338 Wilinau Rd, Haleiwa, HI, 96712
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