Wood Valley | Pahala, Kau| HI 96777

80+ ACRE FARMRICHARD A. HIGGINSManaging Director & BICELITE PACIFIC COMMERCIALREAL ESTATE DIVISION310.429.1828RB-22887

BRENT WENNERAgriculture & Commercial RealtorELITE PACIFIC COMMERCIALREAL ESTATE DIVISION808-430-5522RS-80526

Marketed By

Market Overview

Property Maps & Photographs

Executive Summary

• Executive Summary • State Map• Regional Map & Street Map• Aerial Location Map• Close-up Aerial

• State Overview• City Overview• Property Demographic Report

TABLE OF CONTENTS

BRENT WENNERAgriculture & Commercial Realtor

ELITE PACIFIC COMMERCIAL REAL ESTATE DIVISION

808.430.5522 brent.wenner@elitepacific.com

RS-80526

DISCLAIMER

These materials are based on information and content provided by others which we believe are accurate. No guarantee, warranty, or representation with respect to the property being offered for sale is made by Elite Pacific Properties, LLC or its affiliates (including Elite Pacific Commercial) or any of their respective personnel. All interested parties should and are urged to independently verify the accuracy and completeness of the information contained in these materials. Any projections, assumptions, opinions, or estimates in these materials are used by way of example only and do not necessarily represent or warrant the current or future performance of the property being offered for sale. Interested parties should rely on their own tax, financial, legal, and environmental advisors and should conduct a careful investigation of the property, its land use limitations, and its suitability for such interested party’s needs.

Elite Pacific Properties, LLCRB-18825

EXECUTIVE SUMMARYWood Valley | Pahala, Kau| HI 96777

• 84+ Acres Zoned AG-20 5 Acres Coffee in Ground• Access to Wood Walley Water System - Meter in Place

• Farm sits at 2,000 ft. above sea level with an average rainfall of 60 inches per year.

• Numerous Potential County, State and Federal Tax and Zoning Advantages

• Possible Subdivide

• Potential of 70 Acres which can be planted- land is clear

• Huge Potential with new Coffee blend law

Address 96-2384 WOOD VALLEY Pahala- Kau, HAWAII, 96777

Price $1,499,000

District Kau

Land Area 84.65 ac

Ownership Full

Sub Type Agriculture

Land Tenure Fee Simple

Zoning Ag-20A

Flood Zone X

PROPERTY SUMMARY: AGRICULTURE Zoning: Ag-20A

Current Taxes $3,403

Assessed Land $343,100

Home Exemption Amt $0

Assessed Bldg $0

CC& R’s No

Terms Accept Cash, Conventional, 1031, Open

LISTING DETAILS

FINANCIAL DETAILS

THE OPPORTUNITY

The subject location at 96-2384 Wood Valley Road, Pahala Hawaii, in the heart Wood Valley -Kau District, is an extraordinary opportunity with the rich soil and weather patterns in this dynamic part of the Big Island. Kau is one of the largest agriculture centers in the Hawaiian Islands and offers strong growth potential. The soils are nutrient rich and are home to some of the best coffee, macadamia nut, and cut flower yields in Hawaii is a unique and genuine Hawaiian treasure.

The subject farm is set at 1,300 ft above sea level with 70 inches of rain per year. The farm is surrounded to the south with a fully mature Macadamia Nut Orchard, and to the North lies a renowned coffee mill and crop.

The lot size is 84.65 acres. The zoning is A-20a Agricultural District (minimum building site of 20 acres). The farm is in Wood Valley and has access to the Wood Valley Water System, currently connected to water meter. There are approximately 5 Acres of planted coffee, 3 Acres of vegetable, and has a 480 sq ft dwelling.

Hawaii-grown coffee is the second most valuable commodity produced in the state of Hawaii, with an annual production value of over $48 million, and representative of approximately 900 coffee farms over each of the islands. Hawaii coffee competes by only producing high quality, specialty coffee. Every farm in Hawaii has the potential to produce one-of-a-kind coffee. Coffee farms in Hawaii produce about 1,400 pounds of coffee per acre per year on average. A three to five acre Hawaii coffee farm may yield about 20,000 to 40,000 pounds of coffee.

MAPS & PHOTOSWood Valley | Pahala, Kau| HI 96777

LOCATION MAP

LOCATION MAP

PAHALA TOWN

FARMKAU COFFEE MILL

KAU COFFEE MILL

MARKET OVERVIEWWood Valley | Pahala, Kau| HI 96777

MARKET OVERVIEW: HAWAII

Commercial Agricultural real estate values in Hawaii and farm lease rents continue to increase at unprecedented levels.  Property values and crop yields are increasing are increasing because the general economy is so strong.  The residential and visitor markets are strong; crop lease rents are only expected to increase in the high yield ag locations with year round growing weather and deep rich soils.  Property values across the state have gone up, driven by competition for properties.  Hawaii is unique in that it is a tertiary investment market, but we are also a gateway market for Asian investors and Asian money.

The 2018 value of Hawaii’s horticulture and nursery products is estimated at $84.3 million, a 9 percent increase from the 2017 value of $77.6 million. The increase in total sales was driven by ‘food crops grown under cover’, which was a new category this year. The largest component of the Hawaii horticulture and nursery industry, landscape plant materials, contributed 27 percent to the total sales.

Hawaii-grown coffee is the second most valuable commodity produced in the state of Hawaii, with an annual production value of over $48 million, and representative of approximately 900 coffee farms over each of the islands. Our coffee growers have access to modern technology, information, and resources commonly available in the USA, and farm workers earn federal wages, often including health care and benefits.

Despite the strong numbers, Hawaii-grown coffee accounts for only .04% of the global coffee production, making it a rare find outside of the island chain. The Hawaii Coffee Industry website serves to provide valuable and impartial information covering coffee growing regions, varieties, cultivars and statistics.

2018 STATE AGRICULTURE OVERVIEW HawaiiFarms Operations†Farm Operations - Area Operated, Measured in Acres / Operation--151Farm Operations - Number of Operations - 7,300 Farm Operations - Acres Operated - 1,100,000

Livestock Inventory † Cattle, Cows, Beef - Inventory ( First of Jan. 2019 ) 75,500 Cattle, Cows, Milk - Inventory ( First of Jan. 2019 ) 1,500 Cattle, Incl Calves - Inventory ( First of Jan. 2019 ) 142,000 Hogs - Inventory ( First of Dec. 2018 ) 9,000

Milk Production † Milk - Production, Measured in Lb / Head 17,000 Milk - Production, Measured in $ 9,520,000 Milk - Production, Measured in Lb 34,000,000

2018 STATE AGRICULTURE OVERVIEW Hawaii Crops - MACADAMIAS

MACADAMIAS, UTILIZED, IN SHELL- Production- Harvested- 35,300,000 LB, Value of Production in Dollars : $42,007,000

MACADAMIAS, UTILIZED Yield- 2,090 LB / ACRE

MACADAMIAS - Harvested Acres: 16,900 acres Price per Unit: $1.19 / lb

DEMOGRAPHIC REPORT

FARM NUMBERS & AREA SUMMARYHorticulture and Nursery Products: Number of farms and growing area, 2014-2018

YEAR Greenhouse Artificial Shade Open Field Total Area2014 1,794 21,332 2,089 2,6202015 1,770 19,505 1,793 2,2812016 1,822 19,061 1,785 2,2642017 1,817 17,617 2,300 2,746 2018 2,121 17,149 2,116 2,558

DEMOGRAPHIC REPORT

BRENT WENNERAgriculture & Commercial RealtorELITE PACIFIC COMMERCIALREAL ESTATE DIVISION808.430.5522brent.wenner@elitepacific.comRS-80526