Two-Unit Office
For Sale
$429,000
128129-101 Aupuni St, Hilo, HI 96720
Separate entrances allow the adjoining units to function independently for two businesses.
Property Size1,518 SF
Price / SF$282.61
Days on Market16
Property Features for 128129-101 Aupuni St
General Information
Standard status
Active
Size
1,518 SF
Total Parking Spaces
4
Additional Details
HOA Fee
$1,881
Utilities to Site
Yes
Office Units
2
Listing Agency:
Coldwell Banker Island Properties - Hilo
(808) 969-7863
Listed By:
Glenn M. Takase · License #RB-18547
(808) 936-0692
Source:
Exprealty
Added: Oct 1
Changed: Oct 16
Last Checked: Oct 16 at 2:25PM
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 Coldwell Banker Island Properties - Hilo
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The two office units at Hilo Lagoon Centre offer 1,518 square feet in total, with separate entrances and a layout that can accommodate two businesses. Together, the spaces contain five private offices, a kitchen, and a bathroom with a shower. The units are vacant and have two reserved parking stalls, plus access to two floating stalls.
CAM charges cover electricity, water, sewer, and a reserve fund assessment.
CAM charges cover electricity, water, sewer, and a reserve fund assessment.
Key Highlights
- 1,518 square feet across two office units
- Five private offices, a kitchen, and a bathroom with a shower
- Separate entrance doors for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,610
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,200
$432.2K
Cap Rate 7%
$308,714
$308.7K
Cap Rate 9%
$240,111
$240.1K
Market Conditions
NOI Build-Up for 1,518 SF
Gross rent
$33.7K $22.20/SF
− Vacancy
−$4.9K −$3.22/SF
EGI
$28.8K $18.98/SF
− OpEx
−$7.2K −$4.75/SF
NOI
$21.6K $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%
$432,200
Cap Rate 7%
$308,714
Cap Rate 9%
$240,111
Alternative Uses
Best Use
Office B
$308.7K
$270.1K – $360.2K
NOI $21,610 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$518.1K
$453.3K – $604.4K
NOI $36,264 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Utilities to site
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 Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Separate entrances allow the adjoining units to function independently for two businesses.
Where is this office units located?
The property is located at 128129-101 Aupuni St Hilo, HI.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1,518 square feet across two office units; Five private offices, a kitchen, and a bathroom with a shower; Separate entrance doors for each unit
