Pastureland with Warehouse and
681 HOAKA RD Hilo, HI 96720
681 HOAKA RD, Hilo, HI, 96720
$785,000
For Sale
$785,000
8.23 acres with warehouse, container home, and grazing fields.
Property Size2,394 SF
Lot Size8.23 Acres
Price / SF$327.90
Days on Market231
Property Features for 681 HOAKA RD
General Information
- Standard status
- Active
- Size
- 2,394 SF
- Lot size
- 8.23 Acres
- Property subtype
- Land or Vacant Lot
Listing Agency
CHRIS BRILHANTE REALTY, INC.
(808) 935-1007
Listed by
HELENE H. TAJIRI
Source
Corcoran
Added: Dec 1, 2025 Checked: Jul 19 at 4:42 am
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 CHRIS BRILHANTE REALTY, INC.
Investment Insights
Based on property information with market context.
This property, formerly Waiakea Uka Ranch, features 8.23 acres of partially fenced pastureland. The land, originally a ginger farm, includes multiple structures and all utilities. A spacious 2,394 square foot warehouse is present, equipped with a shower and bathroom, along with two office spaces or guest rooms. The property also features an outdoor prep counter and sink with a BBQ grill and picnic tables overlooking the landscape. An on-demand water heater is installed. Additionally, there is a 280 square foot mobile container home with a wet bar and full bath, along with other outbuildings. The property is suited for grazing and cultivating food crops and ornamental plants due to its fertile soil. Located above Hilo town, it offers convenient access to shopping and dining. The location experiences limited vehicular traffic and shares a border with state forest lands. The property may be suitable for a gentleman farmer.
Key Highlights
- 8.23 acres of pastureland with fertile soil, ideal for grazing or cultivation
- Features a 2,394 sf warehouse with shower, bathroom, and 2 office spaces/guest rooms
- All utilities are available on the property
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 | $44.8k | $18.72 |
| − Vacancy | −$538 | −$0.22 |
| EGI | $44.3k | $18.50 |
| − OpEx | −$6.6k | −$2.77 |
| NOI | $37.6k | $15.72 |
2,394 SF · lease $18.72/SF/yr · vacancy 1.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$537.7K
$470.5K – $627.3K
NOI $37,636 @ 7.0% cap · market cap 4.79%
Second Best
Industrial
$442.8K
$387.4K – $516.6K
NOI $30,995 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$817.0K
$714.9K – $953.2K
NOI $57,192 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Farms
Similar For Sale Nearby
FAQs
What type of property is this?
Farm - 8.23 acres with warehouse, container home, and grazing fields.
Where is this farm located?
The property is located at 681 HOAKA RD Hilo, HI.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 8.23 acres of pastureland with fertile soil, ideal for grazing or cultivation; Features a 2,394 sf warehouse with shower, bathroom, and 2 office spaces/guest rooms; All utilities are available on the property
