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    Hilo, HI NNN Properties for Sale

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    Papaikou, HI Pepeekeo, HI Keaau, HI Kurtistown, HI Honomu, HI Hakalau, HI Mountain View, HI Volcano, HI
    Triple-Net Two-Story Office Building
    Updated: Jun 17, 2025
    Triple-Net Two-Story Office Building

    891 ULULANI ST, Hilo, HI 96720

    $3,238,000
    11,996 sqft 0.57 AC lot
    Approximately 11,996 SF ADA‑compliant, two‑story building with elevator
    True Triple Net (NNN) long‑term lease with single tenant; tenant pays property taxes and maintenance; 6.78% annual cap rate
    Central reception on both floors; men’s and women’s restrooms plus ground‑floor showers
    Dedicated laundry room with washer/dryer hookups
    New air conditioning system installed in 2024
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    This listing looks promising.

    Here's a quick look at some key insights for

    891 ULULANI ST, Hilo, HI 96720

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    • Est. Cap Rate

      5.3%
      NOI ÷ price

    • Est. NOI

      $171K
      Annual

    • Price @ 7% Cap

      $2.44M
      Suggested

    • Last Sold

      Sep 2018
      $2.48M

    • Property Type

      Commercial (General)
      Built 1995
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Hilo, HI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Light Industrial Land Parcel for Lease
    Light Industrial Land Parcel for Lease

    109 E Waiko Road #2, Wailuku, HI 96793

    Contact for pricing
    52,315 sqft 1.20 AC lot

    Graded M-1 industrial land suited for contractor yards, equipment storage, and light fleet parking.

    View details
    Light Industrial Yard Land
    Light Industrial Yard Land

    6-109 E Waiko Rd, Wailuku, HI 96793

    Contact for pricing
    52,315 sqft 1.20 AC lot

    Graded, usable M-1 Light Industrial lot with utilities accessible and convenient truck access for contractor and storage uses.

    View details
    Retail
    Retail

    243 Lahainaluna Rd, Lahaina, HI 96761

    Contact for pricing

    NNN properties

    View details
    Single-Tenant Absolute NNN Leased Asset
    Single-Tenant Absolute NNN Leased Asset

    263 Lahainaluna Rd, Lahaina, HI 96761

    Contact for pricing

    Absolute NNN single-tenant property with a corporate guaranty on a signalized corner, leased with a near-term expiration.

    View details

    Hilo, HI Nnn Properties Market Trends and Statistics

    Explore 1 nnn properties for sale in Hilo, HI on our real estate platform. These investment opportunities span a total of 11,996 square feet of properties for sale, with an estimated market value of $3,238,000.

    Sale prices for triple net lease properties in Hilo, HI average $3,238,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 51K
    Population Growth (5Y) +3.2%
    Median Household Income $78,537
    College Educated 23.2%

    High-Yield Neighborhoods for Investment

    Identify Hilo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    96720 $3.2M

    Taxes & Financing

    Tax Rate (average for all types) 0.89%
    Property Tax per SF $6.19 per SF
    Tax Rate vs County Average 0.09 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hawaii County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hawaii County

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