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    92 Kalanianaole St Hilo, HI 96720

    For Sale
    $3,500,000

    1.79-acre commercial property in Hilo's accessible corridor.

    Property Features for 92 Kalanianaole St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1962

    Source: ALOHA SOTHEBY'S INTL REALTY - HAWAI'I Agent JAMES FRANCIS HANLEY

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

    Overview

    Prime Hilo Commercial Property

    This 1.79-acre commercial property is located off Kanoelehua Ave between Kamehameha Ave and Kalanianaole, offering high visibility and easy access. The site is well-positioned for future commercial development or redevelopment. Strategically located near the Banyan Drive resort area, Hilo International Airport, Hilo Harbor, and Hawaii Island's state and county offices, this property is suitable for investors, owner-users, or developers seeking a flexible commercial asset with infrastructure and an ideal location. The property is zoned V-.75 for urban, resort, and commercial use, with a State Land Use designation of Urban. An existing commercial structure of approximately 4,540 square feet is present on the site. Site improvements include a paved parking lot and additional graded parking areas, with a cleared and fully graded site and minor landscaping along the perimeter. Water is supplied by the County Department of Water Supply via an existing 12-inch main, with three active water services already on site. Wastewater is served by the County sewer system via a 30-inch main along Kalanianaole Street, with two stub outs, one currently in use.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hilo
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.306
    Latitude
    19.6686

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    FAQs

    What type of property is this?
    Commercial land - 1.79-acre commercial property in Hilo's accessible corridor.
    Where is this commercial land located?
    The property is located at 92 Kalanianaole St Hilo, HI.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Prime 1.79-acre fee simple commercial property in a highly accessible Hilo corridor.; - Excellent location near Kanoelehua Ave, Banyan Drive resort area, Hilo International Airport, Hilo Harbor, and government offices.; - Zoning V-.75 (Urban, Resort, Commercial Use) and State Land Use: Urban, offering flexible development or redevelopment options.
    (808) 885-8885
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    92 Kalanianaole St 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

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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
    92 Kalanianaole St Hilo, HI 96720
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