Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Lot in Downtown Hilo Title is generated by Realmo AI

    Hilo, HI 96720, Hilo, HI 96720

    View on Map
    Claim this Listing
    For Sale
    $145,000

    LAND - Hilo, HI

    Lot size:
    0.09 Acres
    Added:
    Feb 26, 2025
    Days on Market:
    454
    Last Refresh:
    May 26 at 6:06 pm

    Property Features

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RD-3.75
    Standard status
    Active
    APN
    3220540430000
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1142

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Charlene Nishida

    Listing agent Charlene Nishida

    Listing office LUVA LLC 75-240 Nani Kailua Drive, Suite 7, Kailua-Kona, HI

    Listing date Feb 26, 2025

    MLS# 716999 Listing URL

    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.

    HighLights

    • Prime downtown Hilo corner lot location offering high visibility and accessibility.
    • 3,842 sq ft level lot simplifies construction.
    • Direct access to County utilities reduces infrastructure costs.
    • Zoning allows for potential additional uses, providing development flexibility.
    • Ideal for investors, builders, or businesses seeking a strategic downtown presence.
    • Conveniently located near shops, services, and major roadways.

    Overview

    This 3,842 sq ft fairly level corner lot is located in downtown Hilo. The level terrain provides a practical foundation for construction. The property offers direct access to County utilities, which can reduce upfront infrastructure costs. The RD-3.75 zoning allows for potential additional uses, providing flexibility for a range of development options. Its corner location enhances accessibility and exposure. Conveniently located near shops, services, and major roadways, this lot presents an opportunity to capitalize on continued growth and demand in the Hilo market. It is suited for investors, builders, or businesses seeking a strategic downtown presence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hilo
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.0742281
    Latitude
    19.7115815

    Nearby Similar for Sale

    • $1,650,000
      4,816 SF

      Commercial Buildings with Parking

      Two commercial buildings with parking in central Hilo location.
      224 HAILI ST, Hilo, HI 96720
      View Details
    • $1,775,000
      17,993 SF

      Downtown Hilo Commercial Opportunity

      Prime commercial property in downtown Hilo with repositioning potential.
      138 KAMEHAMEHA AVE, Hilo, HI 96720
      View Details
    • $715,000
      2,904 SF

      Hilo Multifamily Investment Opportunity

      Two homes on one lot in Hilo, Hawaii.
      619 MILILANI ST, Hilo, HI 96720
      View Details
    • $489,000

      Land Near Hilo Golf Course

      Nearly 10 acres of land close to Hilo amenities.
      250 LAULA RD, Hilo, HI 96720
      View Details
    • $625,000

      Resort Zoned Land Near Ocean

      Resort-zoned land near Onekahakaha Beach Park and Hilo Yacht Club.
      KALANIANAOLE AVE, Hilo, HI 96720
      View Details
    • $550,000

      Resort Zoned Land Near Ocean

      Resort-zoned acreage near Onekahakaha Beach Park in Keaukaha, Hilo.
      LAEHALA ST, Hilo, HI 96720
      View Details
    • $429,000
      1,518 SF

      Hilo Lagoon Centre Office Units

      Office units in Hilo Lagoon Centre, usable in current condition.
      101 AUPUNI ST, Hilo, HI 96720
      View Details
    • $3,238,000
      11,996 SF

      Two-Story Commercial Building in Hilo

      Well-maintained commercial building with long-term NNN lease and strong income.
      891 ULULANI ST, Hilo, HI 96720
      View Details
    • $300,000
      1,760 SF

      Waiakea Villas Commercial Office Space

      Large commercial office space with exam rooms and amenities.
      400 HUALANI ST, Hilo, HI 96720
      View Details
    • $850,000
      1,656 SF

      Two Homes in Hilo, Hawaii

      Two well-maintained homes with income potential in Hilo, Hawaii.
      557 KUPULAU RD, Hilo, HI 96720
      View Details
    • $950,000

      Renovated Hilo Homes on Acreage

      Two renovated homes on 0.7 acres near Hilo town.
      1360 Kaumana Drive, Hilo, HI 96720
      View Details
    • $648,888

      Keaukaha Lot Near Beaches

      Expansive lot near beaches, ideal for building your dream home.
      NENE ST, Hilo, HI 96720
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3,842 sq ft lot in a high-visibility downtown location.
    Where is this commercial land located?
    The property is located at Hilo, HI.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Prime downtown Hilo corner lot location offering high visibility and accessibility.; 3,842 sq ft level lot simplifies construction.; Direct access to County utilities reduces infrastructure costs.
    (808) 216-1028
    We can help!
    Listing Contact
    Charlene Nishida
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Hilo, HI 96720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!