Fiber-Connected Office
688 KUKUAU PLAZA Hilo, HI 96720
688 KUKUAU PLAZA, Hilo, HI, 96720
$250,000
For Sale
$250,000
SINGLE_FAMILY - Hilo, HI
Property Size1,217 SF
Price / SF$205.42
Days on Market264
Property Features for 688 KUKUAU PLAZA
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- CG-7.5
- Standard status
- Active
- APN
- 3240250870051
- Size
- 1,217 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2893
Building Details
- Year built
- 1965
- Number of units
- 1
Listing Agency
Century 21 Homefinders of Hawaii
(808) 935-7119
586 Kanoelehua Ave., Ste. 200, Hilo, HI
Listed by
Reyn Shimooka · License #RB-22420
(808) 990-8325
Added: Oct 28, 2025 Checked: Jul 18 at 11:06 am
MLS# 725231
Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office suite is located within the well-established Kukuau Plaza and is configured with a main front office plus additional interior space that can serve as a storage area or a private office in the back. The suite includes a break room, and it has newer air conditioning in place. Fiber optic service is available for high-speed internet, and water and sewer are available for adding a bathroom or sink as needed.
The property is positioned in a central Hilo town setting with high traffic, within a building that hosts multiple businesses as well as a restaurant and bar. Ample customer parking is available for visitors and staff.
For tenants or buyers seeking an office setting with flexible interior configuration and turn-key connectivity, this suite offers practical day-to-day functionality. With fiber optic internet available and the ability to add plumbing fixtures, it can support a range of office users looking for efficient operations within a multi-tenant commercial environment.
The property is positioned in a central Hilo town setting with high traffic, within a building that hosts multiple businesses as well as a restaurant and bar. Ample customer parking is available for visitors and staff.
For tenants or buyers seeking an office setting with flexible interior configuration and turn-key connectivity, this suite offers practical day-to-day functionality. With fiber optic internet available and the ability to add plumbing fixtures, it can support a range of office users looking for efficient operations within a multi-tenant commercial environment.
Key Highlights
- Commercial office space in Kukuau Plaza with Year Built 1965
- Fiber optic connected for high‑speed internet
- Water and sewer available for adding a bathroom or sink
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $22.20 |
| − Vacancy | −$3.9k | −$3.22 |
| EGI | $23.1k | $18.98 |
| − OpEx | −$5.8k | −$4.75 |
| NOI | $17.3k | $14.24 |
1,217 SF · lease $22.20/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$247.5K
$216.6K – $288.8K
NOI $17,325 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$415.3K
$363.4K – $484.6K
NOI $29,074 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office suite at Kukuau Plaza with newer A/C, break room, storage or private back office, and fiber optic connectivity.
Where is this office units located?
The property is located at 688 KUKUAU PLAZA Hilo, HI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Commercial office space in Kukuau Plaza with Year Built 1965; Fiber optic connected for high‑speed internet; Water and sewer available for adding a bathroom or sink
