Hilo Lagoon Centre Office
For Sale
Contact for pricing
101 HILO LAGOON CENTRE 128 & 129, Hilo, HI 96720
Office units in Hilo Lagoon Centre, usable condition.
Property Size1,518 SF
Price / SF$282.61
Days on Market888
Property Features for 101 HILO LAGOON CENTRE 128 & 129
General Information
Standard status
Active
Size
1,518 SF
Property subtype
Office
Listing Agency:
Coldwell Banker Island Properties Hilo
Listed By:
Glenn Takase · License #HI
(808) 936-0692
Source:
Crexi
Added: May 1, 2024
Changed: Oct 4
Last Checked: Oct 4 at 6:44AM
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 Coldwell Banker Island Properties Hilo
Investment Insights
Based on property information with market context.
Located in the Hilo Lagoon Centre, this property includes two units: 3/2-2-14:010-25 and 3/2-2-14:010-26, with a total area of 1,518 square feet. The combined CAM fee is $784.55 per month for unit 25 and $951.89 per month for unit 26, covering electricity, water, and sewer. The units feature separate entrance doors, suitable for two businesses. The layout includes five private offices, a kitchen, and a bathroom with a shower. The property includes two reserved parking stalls and two floating parking stalls. The units are currently vacant and in usable condition.
Key Highlights
- Located in prestigious Hilo Lagoon Centre.
- Total square footage is 1,518 SF.
- Sale includes two units with separate entrances, suitable for two businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,610
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,200
$432.2K
Cap Rate 7%
$308,714
$308.7K
Cap Rate 9%
$240,111
$240.1K
Market Conditions
NOI Build-Up for 1,518 SF
Gross rent
$33.7K $22.20/SF
− Vacancy
−$4.9K −$3.22/SF
EGI
$28.8K $18.98/SF
− OpEx
−$7.2K −$4.75/SF
NOI
$21.6K $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%
$432,200
Cap Rate 7%
$308,714
Cap Rate 9%
$240,111
Alternative Uses
Best Use
Office B
$308.7K
$270.1K – $360.2K
NOI $21,610 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$518.1K
$453.3K – $604.4K
NOI $36,264 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office units in Hilo Lagoon Centre, usable condition.
Where is this office units located?
The property is located at 101 HILO LAGOON CENTRE 128 & 129 Hilo, HI.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Located in prestigious Hilo Lagoon Centre.; Total square footage is 1,518 SF.; Sale includes two units with separate entrances, suitable for two businesses.
