101 Aupuni St Ste 1014a, Hilo, HI 96720-4259
This exceptional investment opportunity presents a penthouse commercial suite within the prestigious Hilo Lagoon Centre. Strategically located adjacent to the State and County building, Wailoa State Park, and a vibrant mix of retail, banking, dining, and coffee establishments, this property offers unparalleled convenience and visibility. The suite, currently divided into five spaces occupied by three tenants, boasts breathtaking views of Wailoa State Park. The versatile layout allows for potential subdivision into two separate tax map keys (TMK's), providing flexibility for future expansion or individual leasing. Included in the sale are two restrooms, four reserved parking stalls, and two floating parking stalls, ensuring ample parking for tenants and visitors. Building amenities include a refreshing pool and a convenient conference room available for owner and tenant use. The property's strong tenant base contributes to a stable income stream, with current monthly maintenance fees of $3,040.58 for 2025, encompassing electricity, water, sewer, and common area maintenance. The Hilo Lagoon Centre provides 24-hour security, enhancing the safety and peace of mind for all occupants. This is a rare opportunity to acquire a high-value commercial property in a thriving Hilo location. All information is believed to be accurate, but prospective buyers are advised to conduct their own due diligence. Please allow 48+ hours' notice for showings. Do not disturb tenants.
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Bratton Joe PhD Physician Medical Clinic
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Teni M. Garrett-Johnson, PHD Physician Medical Clinic
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Iwata Brian M CPA Consultant
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Hilo Lagoon Center Association Condominium Complex
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Hawaii County Liquor Control County Government Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
3A · Hilo, HIHilo. Always verify with local authorities before improvements.
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.