Industrial Warehouse with Secure
16-118 LIILII ST Keaau, HI 96749
16-118 LIILII ST, Keaau, HI, 96749
$2,750,000
For Sale
$2,750,000
Industrial warehouse with two roll-up loading doors and fenced, gated outdoor yard space on fee simple land.
Property Size8,000 SF
Lot Size1.03 Acres
Price / SF$343.75
Days on Market77
Property Features for 16-118 LIILII ST
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 1.03 Acres
- Property subtype
- Commercial
Listing agency
CHANEY, BROOKS & COMPANY, LLC
(808) 544-1600
Listed by
JOSEPH T HAAS · License #RB-15404
Source
Corcoran
Added: May 8 Updated: Jul 23 at 6:39AM Checked: Jul 23 at 6:39AM
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 CHANEY, BROOKS & COMPANY, LLC
Investment Insights
Based on property information with market context.
This for-sale industrial property includes approximately 8,000 SF of industrial improvements on 44,928 SF of fee simple land. The layout is described as flexible and suitable for manufacturing, storage, distribution, or contractor uses, and it is supported by two roll-up loading doors for loading and access. The property also features a fully fenced and gated yard, providing secure outdoor space for equipment storage and service-oriented operations.
The asset is located within an established industrial cluster in Kea’au with convenient access to Hilo and surrounding East Hawaii communities. It is zoned MG-20 (General Industrial), which allows for a wide variety of industrial uses.
The seller notes the property is sold together with TMK (3) 1-6-146: 37 38.
The asset is located within an established industrial cluster in Kea’au with convenient access to Hilo and surrounding East Hawaii communities. It is zoned MG-20 (General Industrial), which allows for a wide variety of industrial uses.
The seller notes the property is sold together with TMK (3) 1-6-146: 37 38.
Key Highlights
- Approximately 8,000 SF industrial improvements on 44,928 SF fee simple land
- Zoned MG‑20 (General Industrial) for a wide variety of industrial uses
- Tenanted industrial warehouse investment with a flexible warehouse layout
Local Financial Insights For Warehouse
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 | $149.8k | $18.72 |
| − Vacancy | −$1.8k | −$0.22 |
| EGI | $148.0k | $18.50 |
| − OpEx | −$22.2k | −$2.77 |
| NOI | $125.8k | $15.72 |
8,000 SF · lease $18.72/SF/yr · vacancy 1.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.80M
$1.57M – $2.10M
NOI $125,768 @ 7.0% cap · market cap 4.57%
Second Best
Industrial
$1.48M
$1.29M – $1.73M
NOI $103,574 @ 7.0% cap · market cap 3.77%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,117 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Industrial warehouse with two roll-up loading doors and fenced, gated outdoor yard space on fee simple land.
Where is this warehouse located?
The property is located at 16-118 LIILII ST Keaau, HI.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Approximately 8,000 SF industrial improvements on 44,928 SF fee simple land; Zoned MG‑20 (General Industrial) for a wide variety of industrial uses; Tenanted industrial warehouse investment with a flexible warehouse layout
