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    Kailua Kona, HI 96740
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    Property profile & analytics

    , Kailua Kona, HI 96740

    View on Map
    • Commercial land
    • 14.97 lot acres
    Off-Market
    Property ID
    US24-0408408
    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
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details

    Lot size
    14.97 lot acres
    Zone code
    3J
    Property type
    Commercial land
    APN
    3-7-5-017-001
    APU
    375017001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 18, 2004 $9,500,000 Puaa Development LLC Westpro Development INC Grant Deed —
    Sep 30, 2002 $2,626,700 Westpro Development INC International Development Proj Grant Deed —
    Jul 27, 2001 — International Dev Projects — Deed Of Trust · related $2.5M · Aloha Joint Venture
    May 24, 2001 $79,700 Water Board Hawaii County International Dev Projects Ltd Grant Deed —
    Nov 13, 2000 $462,000 International Dev Projects Ltd Pualani Estates INC Grant Deed —
    — — Westpro Development INC — Deed Of Trust · related $1.6M · M Ben-dor Pension Plan & Trust
    — — Westpro Development INC — Deed Of Trust · related $500k · Acamar Investments INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $950,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kailua Kona
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.973
    Latitude
    19.6229
    CBSA code
    25900
    CBSA name
    HILO, HI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $84,945
    $7,938,800
    $0.00
    $7,938,800
    -
    $7,938,800
    $0.00
    $7,938,800

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      75-5734 Kalawa St

      VACANT COMMERCIAL LAND
      75-5734 Kalawa St, Kailua Kona, HI 96740-1818
      View Details
    • Value Estimation by Request
      0.18 Acres

      75-5714 Kalawa St

      VACANT COMMERCIAL LAND
      75-5714 Kalawa St, Kailua Kona, HI 96740-1818
      View Details
    • Value Estimation by Request
      0.17 Acres

      75-5717 Kuakini Hwy

      VACANT COMMERCIAL LAND
      75-5717 Kuakini Hwy, Kailua Kona, HI 96740-1716
      View Details
    • Value Estimation by Request
      2.12 Acres

      Kailua Kona, HI 96740

      VACANT COMMERCIAL LAND
      Kailua Kona, HI 96740
      View Details
    • Value Estimation by Request
      1.12 Acres

      Kailua Kona, HI 96740

      VACANT COMMERCIAL LAND
      Kailua Kona, HI 96740
      View Details
    • Value Estimation by Request
      1.32 Acres

      75-5749 Kalawa St

      VACANT COMMERCIAL LAND
      75-5749 Kalawa St, Kailua Kona, HI 96740-1873
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Honokohau Nui Commercial Land Parcel

      24-acre commercial land parcel in a mixed-use development project.
      123 Queen Ka'ahumanu Hwy, Kailua Kona, HI 96740
      View Details
    • Contact for pricing

      Honokōhau Nui Highway Frontage Lots

      Mixed-use industrial/commercial development land for sale in Kailua-Kona.
      Queen Ka'ahumanu Hwy, Kailua Kona, HI 96740
      View Details
    • New
      $950,000
      0.48 Acres

      Cleared Level Commercial Land

      Cleared, level commercial lot with town and Pacific Ocean views near major retail, suitable for a variety of development plans.
      1111 Hale Kapili St, Kailua Kona, HI 96740
      View Details
    • $980,000
      0.51 Acres

      Kailua-Kona Commercial Land Available

      Cleared, level commercial land in Kailua-Kona town.
      Hale Kapili St, Kailua Kona, HI 96740
      View Details
    • New
      $950,000
      0.47 Acres

      Cleared Level Development Land

      Cleared, level lot in CG-20 zoning with Pacific Ocean and town views, ready for improvements or a combined parcel sale.
      1111 Hale Kapili St, Kailua Kona, HI 96740
      View Details
    • $3,100,000
      1.23 Acres

      Resort-Hotel Lot in Kailua Village

      1.23 acre Resort-Hotel lot in Kailua Village.
      75-5684 Kuakini Hwy, Kailua Kona, HI 96740
      View Details

    Similar Nearby for Lease

    • $1.75 SF/Yr

      Kailua-Kona Centrally Located Office Building

      Centrally located office building in Kailua-Kona, Hawaii.
      75-167 Kalani St, Kailua Kona, HI 96740
      View Details
    • $1.75 SF/Yr

      Kailua Kona Flex Space

      Retail, office, and warehouse space in central Kona location.
      74-5605 Luhia St, Kailua Kona, HI 96740
      View Details
    • $1.50 SF/Yr

      Kona Retail and Office Space

      Retail and office spaces in a central Kona location.
      74-5565 Luhia St, Kailua Kona, HI 96740
      View Details
    • $1.75 SF/Yr

      Kailua-Kona Retail Center Space

      Well-maintained shopping center in Kailua-Kona's business district.
      75-5660 Kopiko St, Kailua Kona, HI 96740
      View Details
    • $1.35 SF/Yr

      Premier Kailua-Kona Office Building

      Class A office space in a prime Kailua-Kona location.
      75-5722 Kuakini Hwy, Kailua Kona, HI 96740
      View Details
    • Contact for pricing

      Retail Shopping Center Near Kona Pier

      Two-story retail shopping center located off Alii Drive.
      75-5667 Alii Dr, Kailua Kona, HI 96740
      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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