Renovated Office with Koi Pond
For Sale
$135,000
Pending
101 Aupuni Street Unit 119, Hilo, HI 96720
Updated office space with balcony, pond view, and pool.
Property Size310 SF
Days on Market1968
Property Features for 101 Aupuni Street Unit 119
General Information
Standard status
Pending
Size
310 SF
Property subtype
Condo / Apartment Building
Zoning
CG-7.5
Taxes and HOA fees
Annual Taxes
$669
Amenities
Community Laundry, Elevator, Landscaped, Restroom-Public, Trash Chute, Walking/Jogging Path
Coin
Central, Air Conditioning
Curtains
Y
Secured Lobby, Video
In Ground
Building Details
Year Built
1971
Listing Agency:
Hara Chun Realty, LLC
Listed By:
Gina Hara Chun · License #RB-20817
(808) 936-3297
Source:
Compass
Added: Jun 11, 2021
Changed: Oct 25
Last Checked: Oct 28 at 11:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hara Chun Realty, LLC
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Investment Insights
Based on property information with market context.
Located in Hilo Lagoon Centre, this office unit presents an opportunity to join a community of professionals, including realtors, attorneys, therapists, and med spa specialists. Unit 117, sized at 310 square feet, underwent a complete renovation in 2021, featuring updated flooring, modern light fixtures, fresh paint, and a newly installed sink. The unit's popcorn ceiling has been removed. A new A/C unit was installed in 2024. A sliding glass door opens to a private balcony with views of a koi pond. The building provides access to an in-ground pool with private bathrooms, showers, and a BBQ area. The monthly fee covers electric, water, sewer, trash collection, and maintenance of the grounds and common areas. A spacious conference room is available for meetings and seminars. The building offers 24/7 security. The bottom floor, where Unit 117 is located, is secured with glass doors locked each evening by the security team. According to the original CCRs, this unit previously had a bathroom, however, currently only a sink is installed. It may be possible to install a bathroom again; Buyer and Buyer's Agent to perform their own due diligence with regards to this matter.
Key Highlights
- All‑inclusive monthly fee covers electric, water, sewer, trash, grounds and common area maintenance.
- Fully renovated in 2021 with updated flooring, modern light fixtures, fresh paint, and new sink; popcorn ceiling removed.
- New A/C unit installed in 2024.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,413
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$88,260
$88.3K
Cap Rate 7%
$63,043
$63.0K
Cap Rate 9%
$49,033
$49.0K
Market Conditions
NOI Build-Up for 310 SF
Gross rent
$6.9K $22.20/SF
− Vacancy
−$998 −$3.22/SF
EGI
$5.9K $18.98/SF
− OpEx
−$1.5K −$4.75/SF
NOI
$4.4K $14.24/SF
Area
Hawaii County, HI
Vacancy
14.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$88,260
Cap Rate 7%
$63,043
Cap Rate 9%
$49,033
Alternative Uses
Best Use
Office B
$63.0K
$55.2K – $73.6K
NOI $4,413 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$105.8K
$92.6K – $123.4K
NOI $7,406 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Updated office space with balcony, pond view, and pool.
Where is this office unit located?
The property is located at 101 Aupuni Street Unit 119 Hilo, HI.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: All‑inclusive monthly fee covers electric, water, sewer, trash, grounds and common area maintenance.; Fully renovated in 2021 with **updated flooring, modern light fixtures, fresh paint, and new sink**; popcorn ceiling removed.; New A/C unit installed in 2024.**
