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    Hilo, HI
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    Hilo, HI NNN Properties for Sale

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    Papaikou, HI Pepeekeo, HI Keaau, HI
    Two-Story Commercial Building in Hilo
    Updated: Jun 17, 2025
    Two-Story Commercial Building in Hilo

    891 ULULANI ST, Hilo, HI 96720

    $3,238,000
    11,996 sqft · 0.57 AC lot
    True Triple Net (NNN) long‑term lease with a single tenant, providing passive income.
    High current annual cap rate of 6.78%, offering a strong return on investment.
    Lease includes scheduled rent increases tied to the Honolulu annual CPI, ensuring an inflation‑adjusted income stream.
    Strategically located outside the Tsunami Evacuation Zone, providing added safety.
    Versatile building with approximately 11,996 square feet of ADA‑compliant space, including multiple offices, conference rooms, and flexible‑use areas.
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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

    • Mortgage

      $1M
      Jul 2006

    • 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.

    Single-Tenant Grocery Store For Sale
    Single-Tenant Grocery Store For Sale

    1507-1515 Sloat Blvd, San Francisco, CA

    $37,400,000
    49,188 sqft · 9.70 AC lot

    49,188 SF single-tenant Lucky California grocery store for sale.

    View details
    Richmond District NNN Investment Opportunity
    Richmond District NNN Investment Opportunity

    317-319 6th ave, San Francisco, CA 94118

    $7,988,000
    7,492 sqft

    Single-tenant NNN investment property in San Francisco's Richmond District.

    View details
    Light Industrial Land Parcel
    Light Industrial Land Parcel

    109 E Waiko Road, Wailuku, HI 96793

    Contact for pricing

    Graded, usable M-1 light industrial lot with convenient truck access for equipment storage, fleet parking, and yard operations.

    View details
    Light Industrial Land Yard
    Light Industrial Land Yard

    109 E Waiko Road #5, Wailuku, HI 96793

    Contact for pricing
    52,315 sqft · 1.20 AC lot

    Graded M-1 industrial parcel suited for contractor yard, equipment storage, and light industrial operations.

    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 start at $3,238,000, averaging $3,238,000, and reaching up to $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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