Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    200 Kanoelehua Avenue Hilo, HI 96720

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.75 SF/Yr

    Prominent retail center with high visibility and traffic in Hilo.

    Type:Industrial
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 27 at 12:17 am

    Property Features for 200 Kanoelehua Avenue

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1977

    Spaces For Lease

    at 200 Kanoelehua Avenue Contact us

    We can help!

    Listing Contact
    Gregory Ogin

    Listing agent Gregory Ogin License #HI #RB-16053

    Listing office GO COMMERCIAL, LLC

    Listing date Mar 6, 2026

    Source Svn-go

    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 GO COMMERCIAL, LLC

    Overview

    Hilo Retail Strip Center

    This prominent retail strip center is strategically located in the heart of Hilo, Hawaii. The property benefits from high visibility and direct exposure to the main highway, resulting in heavy foot and vehicle traffic. Its location is within a 2-mile radius of Hilo Bayfront Resorts, Hilo Harbor, and Hilo International Airport, providing convenient access for local residents and tourists. Major tenants include Matheson Tri Gas, Rent A Center, Hawaii Tribune Herald, and Sakura Restaurant. The estimated CAM for 2025 is $1.11 per square foot per month.
    Location Intelligence

    Current Use by Public Records

    Bob's Fencing Inc General Contractor pesanka consulting Tech Support Center Pacific Patent Drafting ... General Contractor Matheson Safety Equipment Supplier Air Liquide America ... Gas Company

    Map

    City
    Hilo
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.065
    Latitude
    19.7204

    Nearby Similar for Lease

    • $1.50/mo

      Spacious Office Building in Hilo

      21,252 SF office space in East Hawaii.
      180 Kinoole St, Hilo, HI 96720
      View Details
    • $1.20/mo

      Professional Office Building in Hilo

      Professional office building with ample parking and scenic views.
      100 Pauahi Street, Hilo, HI 96720
      View Details
    • $1.50/mo

      Spacious Office Building in Hilo

      21,252 SF office building in East Hawaii for lease.
      180 Kinoole St, Hilo, HI 96720
      View Details
    • $1.25/mo

      Office Space in Hilo, Hawaii

      Office space available for rent in Hilo, Hawaii.
      120 Pauahi St, Hilo, HI 96720
      View Details
    • $1.75/mo

      Hilo Retail Strip Center

      Prominent retail center in Hilo, high visibility and traffic.
      200 Kanoelehua Avenue, Hilo, HI 96720
      View Details
    • Contact for pricing

      Historic Hilo Bayfront Retail/Office Space

      Prime Hilo Bayfront location with high traffic and visibility.
      184 Kamehameha Avenue, Hilo, HI 96720
      View Details
    • $1.20/mo

      Professional Office Building in Hilo

      Professional office building with ample parking and scenic views.
      100 Pauahi Street, Hilo, HI 96720
      View Details
    • $1.25/mo

      Office Space on Bus Line

      Office space available on a bus line in Hilo, HI.
      120 Pauahi St, Hilo, HI 96720
      View Details
    • Contact for pricing

      Historic Hilo Bayfront Retail Space

      Prime Hilo location with high traffic and visibility.
      184 Kamehameha Avenue, Hilo, HI 96720
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces in historic Paia, Maui.
      120 Hana Highway, Hilo, HI 96779
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office spaces for lease, suitable for various business sizes.
      120 Pauahi St, Hilo, HI 96720
      View Details

    FAQs

    What type of property is this?
    Shopping center - Prominent retail center with high visibility and traffic in Hilo.
    Where is this shopping center located?
    The property is located at 200 Kanoelehua Avenue Hilo, HI.
    What is the lease rate?
    The lease rate is $1.75 SF/Yr.
    What are key features of this property?
    This property features: High visibility and direct exposure to the main highway, resulting in heavy foot and vehicle traffic.; Strategic location in the heart of Hilo, Hawaii.; Conveniently located within a 2‑mile radius of Hilo Bayfront Resorts, Hilo Harbor, and Hilo International Airport.
    (808) 329-6446
    We can help!
    Listing Contact
    Gregory Ogin
    Real Estate License ID: HI #RB-16053
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!