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Property profile & analytics
FOR SALE
Showrooms

1080 Kilauea Ave Hilo, HI 96720

12,070 SF 0.33 ac lot Built 1973
Trust Owned 9-yr Hold Free & Clear
Property ID
US24-0334698
Property summary
AI-generated overview

This exceptional Hilo commercial property presents a lucrative investment opportunity for discerning buyers. Located at 1080 Kilauea Ave, this mixed-use building boasts high visibility and traffic, making it ideal for both investors and owner-occupants. Currently generating an annual profit of approximately $132,000, the property features a long-term lease extending until February 1, 2029. The building's versatile layout includes a front office space and a rear warehouse with a mezzanine, each with its own entrance and separate electric meters, facilitating multi-tenant occupancy. The front office area is efficiently designed with seven private offices, a common area with cubicles, and a break room. Ample parking is available both in front and behind the building. Recent improvements include a new roof (March 2024), a new air conditioning compressor (September 2018), and a 135-panel solar photovoltaic system with three inverters (December 2014). Interior showings are available to qualified buyers only, requiring proof of funds or a pre-approval letter from a financial institution. The property's square footage is approximate and should be independently verified. All information is deemed reliable but not guaranteed

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1973
Construction STEEL FRAME
Total area 12,070 SF
Lot 0.33 ac (14,445 SF)
Zoning code 3A
APN 3-2-2-021-045
UPID US24-0334698
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Business Insurance Services Inc Insurance Agency
  • C W Maintenance Co Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$433k
Blend (final) Blend
$585k
Owner & transaction history
Rodrigues Family Living Trust · 9 yrs held
Rodrigues Family Living Trust
since 2016
4 recorded transactions
2016
Price N/A
2014
$751,500
2014
Price N/A
2005
$800,000
Zoning & alternative use
3A · Hilo, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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