Industrial Warehouse with Secure
For Sale
$2,250,000
16-118 LIILII ST, Keaau, HI 96749
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$281.25
Days on Market174
Property Features for 16-118 LIILII ST
General Information
Standard status
Active
Size
8,000 SF
Lot size
1.03 Acres
Property subtype
Commercial
Zoning
MG-20
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$7,934
Listing Agency:
CHANEY, BROOKS & COMPANY, LLC
(808) 544-1600
Listed By:
JOSEPH T HAAS · License #RB-15404
(808) 544-1886
Source:
Corcoran
Added: May 8
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,768
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,515,360
$2.5M
Cap Rate 7%
$1,796,686
$1.8M
Cap Rate 9%
$1,397,422
$1.4M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$149.8K $18.72/SF
− Vacancy
−$1.8K −$0.22/SF
EGI
$148.0K $18.50/SF
− OpEx
−$22.2K −$2.77/SF
NOI
$125.8K $15.72/SF
Area
Hawaii County, HI
Vacancy
1.20%
Lease Rate
$18.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,515,360
Cap Rate 7%
$1,796,686
Cap Rate 9%
$1,397,422
Alternative Uses
Best Use
Warehouse
$1.80M
$1.57M – $2.10M
NOI $125,768 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,117 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Demographics for 96749, HI
20,503
Population
7,545
Households
2.7
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
59.8 sq mi
ZIP Area
343
Density / Sq Mi
$74,633
Median Household Income
$41,366
Median Earnings
$1,268
Median Rent
$396,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
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 $2,250,000.
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
