Office Unit with Break
For Sale
$250,000
688 KUKUAU PLAZA, Hilo, HI 96720
Commercial Sale, Hilo, HI
Property Size1,217 SF
Price / SF$205.42
Days on Market346
Property Features for 688 KUKUAU PLAZA
General Information
Property type
Residential
Property subtype
Office
Zoning
CG-7.5
Subdivision
South Hilo
Standard status
Active
APN
3240250870051
Size
1,217 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2893
Building Details
Year built
1965
Number of units
1
Listing Agency:
Century 21 Homefinders of Hawaii · Century 21 Real Estate
(808) 935-7119
Listed By:
Reyn Shimooka · License #RB-22420
(808) 990-8325
Added: Oct 28, 2025
Changed: Aug 19
Last Checked: Oct 8 at 2:06AM
MLS# 725231
Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,217-square-foot office unit occupies space within Kukuau Plaza, a multi-business commercial property in Hilo. The layout includes a primary front office, a rear room that can serve as storage or a second private office, and a break room. Newer air conditioning and fiber-optic service are in place.
Water and sewer connections are available to support installation of an additional bathroom or sink. The plaza includes other businesses, a restaurant, and a bar, with customer parking serving the property. The unit is zoned CG-7.5 and is located at 688 KUKUAU PLAZA in Hilo, HI 96720.
Water and sewer connections are available to support installation of an additional bathroom or sink. The plaza includes other businesses, a restaurant, and a bar, with customer parking serving the property. The unit is zoned CG-7.5 and is located at 688 KUKUAU PLAZA in Hilo, HI 96720.
Key Highlights
- 1,217 SF office unit at Kukuau Plaza
- Front office plus rear storage room or private office
- Break room included in the existing layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,325
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,500
$346.5K
Cap Rate 7%
$247,500
$247.5K
Cap Rate 9%
$192,500
$192.5K
Market Conditions
NOI Build-Up for 1,217 SF
Gross rent
$27.0K $22.20/SF
− Vacancy
−$3.9K −$3.22/SF
EGI
$23.1K $18.98/SF
− OpEx
−$5.8K −$4.75/SF
NOI
$17.3K $14.24/SF
Area
Hawaii County, HI
Vacancy
14.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,500
Cap Rate 7%
$247,500
Cap Rate 9%
$192,500
Alternative Uses
Best Use
Office B
$247.5K
$216.6K – $288.8K
NOI $17,325 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$415.3K
$363.4K – $484.6K
NOI $29,074 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Demographics for 96720, HI
46,615
Population
19,826
Households
2.4
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
287.8 sq mi
ZIP Area
162
Density / Sq Mi
$78,537
Median Household Income
$41,268
Median Earnings
$1,346
Median Rent
$458,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured with a front office, rear private room, newer AC, and fiber-optic connectivity.
Where is this office units located?
The property is located at 688 KUKUAU PLAZA Hilo, HI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,217 SF office unit at Kukuau Plaza; Front office plus rear storage room or private office; Break room included in the existing layout
