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    289 Wainaku St Hilo, HI 96720

    For Sale
    $450,000

    20,000 sq ft lot near Downtown Hilo with riverside frontage.

    Property Features for 289 Wainaku St

    General Information

    Standard status
    Active

    Source: BETTER HOMES AND GARDENS REAL ESTATE HANK CORREA REALTY Agent JONATHAN T. CORREA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Lot in Wainaku, Hilo

    Located on 289 Wainaku Street, this 20,000-square-foot lot is nestled in the heart of Wainaku, minutes from Downtown Hilo, offering direct riverside frontage and a serene setting suitable for residential development. Zoned RM-10 (Multi-Family Residential), the lot allows for flexible development or business potential, from a custom single-family residence to a multi-unit investment property, subject to county approval. The property features lush surroundings, gentle river sounds, and mature tropical landscape. Utilities are nearby with 500 Amp underground electric installed and one water meter. Paved road access is available. A topographic study and soil studies have been completed. The seller is willing to convey her nonprofit business which per the owner has an estimated $200,000 plus tax deduction and a reduced property tax of $200 instead of over $5000 and which can be used on other properties with many other benefits, please inquire.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hilo
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.09355
    Latitude
    19.731936

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    FAQs

    What type of property is this?
    Land - 20,000 sq ft lot near Downtown Hilo with riverside frontage.
    Where is this land located?
    The property is located at 289 Wainaku St Hilo, HI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Large 20,000 sq ft lot in desirable Wainaku, minutes from Downtown Hilo.; - Direct riverside frontage offering a serene and scenic setting.; - RM-10 zoning allows for flexible development: single-family or multi-unit (subject to county approval).
    (808) 961-3300
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    Realmo Value Estimation

    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

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    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.

    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
    289 Wainaku St Hilo, HI 96720
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