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    101 Hilo Lagoon Ctr Hilo, HI 96720

    For Sale
    $525,000

    1,518 SF Warehouse, $525,000

    Property size:
    1,518 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1,518-square-foot warehouse, situated in the prestigious Hilo Lagoon Centre (address: 101 Hilo Lagoon Centre, Hilo, HI 96720), presents a compelling investment opportunity. Priced at $525,000, this industrial property offers significant potential. The property includes two separate units (3/2-2-14:010-25&26), each with its own entrance, making it ideal for two businesses or a single operation requiring distinct spaces. Each unit boasts five private offices, a kitchen, and a full bathroom with a shower. Parking is provided with two reserved stalls per unit, plus two additional "floating" stalls. Common area maintenance (CAM) charges are $784.55 per month for one unit and $951.89 per month for the other, encompassing electricity, water, and sewer. Currently vacant, the property is in usable condition and ready for immediate occupancy. This is a rare opportunity to acquire a well-located, versatile warehouse in a desirable Hawaii County location. The property is classified as Industrial and Land, with a Commercial subtype.

    Property Features for 101 Hilo Lagoon Ctr

    General Information

    Property type
    Distribution properties
    Square Feet
    1,518 SF

    HighLights

    • 1,518 sq ft warehouse in Hilo Lagoon Centre (101 Hilo Lagoon Centre, Hilo, HI 96720) priced at $525,000.
    • Two separate units (3/2‑2‑14:010‑25&26), each with its own entrance, five private offices, kitchen, and full bath.
    • Four reserved parking stalls plus two additional floating stalls.
    • CAM charges: $784.55/month for one unit, $951.89/month for the other (includes electricity, water, sewer).
    • Vacant and ready for immediate occupancy.
    • Classified as Industrial and Land, Commercial subtype.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Map

    City
    Hilo
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.0767227
    Latitude
    19.7175107

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    FAQs

    What type of property is this?
    Distribution property - 1,518 SF Warehouse, $525,000
    Where is this distribution property located?
    The property is located at 101 Hilo Lagoon Ctr Hilo, HI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 1,518 sq ft warehouse in Hilo Lagoon Centre (101 Hilo Lagoon Centre, Hilo, HI 96720) priced at $525,000.; Two separate units (3/2-2-14:010-25&26), each with its own entrance, five private offices, kitchen, and full bath.; Four reserved parking stalls plus two additional floating stalls.
    Request Owner's contact information
    101 Hilo Lagoon Ctr Hilo, HI 96720
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    Hilo, HI 96720
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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

    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.

    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
    101 Hilo Lagoon Ctr Hilo, HI 96720
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