Mixed-Use Property With Auto
New
For Sale
$899,000
77 SILVA ST, Hilo, HI 96720
Commercial Sale, Hilo, HI
Property Size5,464 SF
Lot Size0.23 Acres
Price / SF$164.53
Days on Market2
Property Features for 77 SILVA ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MG-1A
Bedrooms
6
Bathrooms
6
Full bathrooms
2
Half bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bathroom 5, Bedroom 6, Bathroom 6, Bedroom 1
Fencing
Chain Link
Appliances
Refrigerator
Subdivision
WAREHOUSE LOTS
Standard status
Active
APN
3210100130000
Size
5,464 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5302
Utilities
Utilities
Water Available
Water source
Public
Amenities
storage/closet areas
studio with kitchenette
additional room
covered rear lanai
Building Details
Year built
1951
Number of units
2
Listing Agency:
Real Broker
(808) 650-5145
Listed By:
Ellada Perepechaev
(808) 333-8206
Added: Aug 24
Changed: Aug 25
Last Checked: Aug 25 at 4:06AM
MLS# 733014
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 mixed-use property combines an upper-level residence with lower-level storage and additional workspace. The residence includes four bedrooms and approximately 1,824 square feet. Below, the property provides eight separate storage or closet areas, a studio with kitchenette, and another room within approximately 1,107 square feet of space.
An attached commercial warehouse is configured for auto repair, with an approximately 2,775-square-foot front bay, approximately 920 square feet of second-level warehouse area, and a covered rear lanai. The property is situated at 77 Silva St. in Hilo’s Keaukaha Warehouse Lots subdivision and carries MG-1A zoning. Built in 1951, it also includes chain-link fencing, public water, and water availability.
An attached commercial warehouse is configured for auto repair, with an approximately 2,775-square-foot front bay, approximately 920 square feet of second-level warehouse area, and a covered rear lanai. The property is situated at 77 Silva St. in Hilo’s Keaukaha Warehouse Lots subdivision and carries MG-1A zoning. Built in 1951, it also includes chain-link fencing, public water, and water availability.
Key Highlights
- Approximately 1,824‑square‑foot, 4‑bedroom upper‑level residence
- Attached auto repair setup with an approximately 2,775‑square‑foot front bay
- Approximately 920 square feet of second‑level warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,737
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,554,740
$1.6M
Cap Rate 7%
$1,110,529
$1.1M
Cap Rate 9%
$863,744
$863.7K
Market Conditions
NOI Build-Up for 5,464 SF
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.
Gross rent
$124.6K $22.80/SF
− Vacancy
−$5.0K −$0.91/SF
EGI
$119.6K $21.89/SF
− OpEx
−$41.9K −$7.66/SF
NOI
$77.7K $14.23/SF
Area
Hawaii County, HI
Vacancy
4.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,554,740
Cap Rate 7%
$1,110,529
Cap Rate 9%
$863,744
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,014 @ 7.0% cap · market cap 13.13%
Second Best
Mixed Use
$1.47M
$1.29M – $1.72M
NOI $103,116 @ 7.0% cap · market cap 11.47%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.18M
NOI $130,533 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96720, HI
46,615
Population
19,826
Households
2.4
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
287.8 sq mi
ZIP Area
162
Density / Sq Mi
$78,537
Median Household Income
$41,268
Median Earnings
$1,346
Median Rent
$458,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined residential, storage, studio, and automotive repair improvements support multiple commercial and owner-use configurations.
Where is this mixed-use property located?
The property is located at 77 SILVA ST Hilo, HI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Approximately 1,824‑square‑foot, 4‑bedroom upper‑level residence; Attached auto repair setup with an approximately 2,775‑square‑foot front bay; Approximately 920 square feet of second‑level warehouse space
