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Hilo, HI

Building

Hilo, HI Office Buildings for Sale

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Papaikou, HI Pepeekeo, HI Keaau, HI Kurtistown, HI Honomu, HI Hakalau, HI Mountain View, HI Volcano, 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.

This listing looks promising.

Here's a quick look at some key insights for

891 ULULANI ST, Hilo, HI 96720

View Property Analytics

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

Commercial Buildings with Parking

Updated: May 1

Commercial Buildings with Parking

224 HAILI ST, Hilo, HI 96720

$1,650,000

4,816 sqft 0.44 AC lot

High visibility and convenient central Hilo location.
Two commercial buildings totaling 4,816 sqft (1,840 sqft + 2,976 sqft).
Fully occupied with long‑term tenant (dental office) in one building.
Includes a rare 16‑stall parking lot in the downtown area.
Second building offers two additional units.

Commercial Buildings with Parking Lot

Commercial Buildings with Parking Lot

224 HAILI ST, Hilo, HI 96720

$1,650,000

4,816 sqft

Two commercial buildings with a 16-stall parking lot.

Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 3 Active listings in Hilo, HI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Kailua Kona Medical Office Building

Kailua Kona Medical Office Building

75-137 Hualalai Road, Kailua Kona, HI 96740

$2,700,000

5,400 sqft 0.76 AC lot

Prime commercial opportunity in the heart of Kailua Kona.

Kailua-Kona Office Building For Sale

Kailua-Kona Office Building For Sale

75-167 Kalani Street, Kailua Kona, HI 96740

$1,900,000

7,456 sqft

7,456 SF office building in the heart of Kailua-Kona.

Remodeled Kihei Office Building

Remodeled Kihei Office Building

1476 S Kihei Rd, Kihei, HI 96753

$3,650,000

2,737 sqft 1.01 AC lot

Turnkey office building with apartment in high-traffic Kihei location.

Premier Place Office Investment Opportunity

Premier Place Office Investment Opportunity

535 Lipoa Parkway, Kihei, HI 96753

Contact for pricing

47,732 sqft 2.81 AC lot

Two-story Class A office building in Maui Research & Technology Park.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Adjacent Commercial Development Lots

Adjacent Commercial Development Lots

2 Lots Kupaoa St, Pukalani, HI 96768

$3,962,000

1.65 AC lot

Two adjacent commercial lots in the Kulamalu Commercial Subdivision, offered together for flexible development in Pukalani.

Land with Approved Building Plans

Land with Approved Building Plans

24 Paa Street, Unit 53A, Kahului, HI 96732

$1,404,000

Land with permits for office and warehouse construction included.

Vacant Lot Without Legal Access

Vacant Lot Without Legal Access

RICE ST, Lihue, HI 96766

$300,000

0.73 AC lot

Vacant land in Lihue with no current legal access, where road approval and easements are in process.

Healdsburg Avenue Commercial Land

Healdsburg Avenue Commercial Land

821 829 Healdsburg Avenue, Healdsburg, CA 95448

$2,500,000

3,240 sqft

Commercial land available on Healdsburg Avenue.

Off-Market Properties in Hilo, HI

Consider similar Off-Market properties in Hilo, HI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

OFFICE BUILDING

207 Kukuau St, Hilo, HI 96720-2619

Value Estimation by Request

585 sqft

1178 Kilauea Ave

OFFICE BUILDING

1178 Kilauea Ave, Hilo, HI 96720-4229

$1,545,000

Estimated value

12,160 sqft 0.61 AC lot

456 Kalanianaole Ave

OFFICE BUILDING

456 Kalanianaole Ave, Hilo, HI 96720-4759

$1,900,000

Estimated value

14,480 sqft 4.07 AC lot

101 Hualalai St

OFFICE BUILDING

101 Hualalai St, Hilo, HI 96720-3865

$745,000

Estimated value

4,875 sqft 0.47 AC lot

93 Kawailani St

OFFICE BUILDING

93 Kawailani St, Hilo, HI 96720-5694

Value Estimation by Request

1,008 sqft 0.41 AC lot

452 Kalanianaole Ave

OFFICE BUILDING

452 Kalanianaole Ave, Hilo, HI 96720-4704

$3,335,000

Estimated value

26,120 sqft 1.00 AC lot

Hilo, HI Office Buildings Market Trends and Statistics

Explore 9 office buildings for sale in Hilo, HI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 21,628 square feet of properties for sale, with an estimated market value of $6,538,000.

Sale prices for office properties in Hilo, HI start at $1,650,000, averaging $2,179,333, 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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	$2.2M

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

Office

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