101 Hilo Lagoon Ctr Hilo, HI 96720
This exceptional 1,518-square-foot warehouse, situated in the prestigious Hilo Lagoon Centre (address: 101 Hilo Lagoon Centre, Hilo, HI 96720), presents a compelling investment opportunity. Priced at $525,000, this industrial property offers significant potential. The property includes two separate units (3/2-2-14:010-25&26), each with its own entrance, making it ideal for two businesses or a single operation requiring distinct spaces. Each unit boasts five private offices, a kitchen, and a full bathroom with a shower. Parking is provided with two reserved stalls per unit, plus two additional "floating" stalls. Common area maintenance (CAM) charges are $784.55 per month for one unit and $951.89 per month for the other, encompassing electricity, water, and sewer. Currently vacant, the property is in usable condition and ready for immediate occupancy. This is a rare opportunity to acquire a well-located, versatile warehouse in a desirable Hawaii County location. The property is classified as Industrial and Land, with a Commercial subtype.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.