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    180 Kinoole St Hilo, HI 96720
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    180 Kinoole St, Hilo, HI 96720

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    • Commercial real estate
    • 21,252 SF
    • 0.22 lot acres
    For Lease
    $1.50 SF/Yr
    View Listing →
    Spacious Office Building in Hilo For Lease
    $1.50 SF/Yr
    21,252 SF

    Spacious Office Building in Hilo

    21,252 SF office building in East Hawaii for lease.

    180 Kinoole St, Hilo, HI 96720
    View Listing
    Property ID
    US24-0218330
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hilo Christian Broadcasting / Radio Station / Telecommunications Service
    • Sweet Dreams Hawaii Cacao / Cafe & Coffee Shop
    • Independent Living of Hi Inc / Social Service Agency / Charitable Organization
    • TalkDoctors / Marriage Or Relationship Counselor
    • Zion's House-Praise Holiness / Church

    Property Details for 180 Kinoole St

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Zone code
    3Z
    Property type
    Commercial real estate
    APN
    3-2-3-013-001
    APU
    323013001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 9, 2025 — Nubridge Commercial Lending LLC Hilo Plaza LLC Warranty Deed —
    Apr 25, 2024 — Ywca Of Hawaii Island Hilo Plaza LLC Lease —
    Dec 12, 2022 — Ywca Of Hawaii Hilo Plaza LLC Lease —
    Jul 8, 2021 $1,001 Hilo Plaza LLC Ronald James Blanset Quit Claim Deed · related $1.7M · Alpha Mortgage USA INC
    Aug 27, 2019 — Ronald J Blanset — Deed · related $107k · 180 Kinoole LLC
    Feb 24, 2014 — Cu Hawaiie FCU Blanset,ronald J & Janice M Grant Deed · related —
    — — Ronald J Blanset — Loan Modification · related $107k · 180 Kinoole LLC
    — — Ronald J Blanset — Deed Of Trust · related $190k · Central Pacific Bank
    — — Ronald J Banset — Deed Of Trust · related $925k · Central Pacific Bank

    Description

    This remarkable three-story commercial building, situated in the heart of historic downtown Hilo, presents a unique investment opportunity. The solid concrete structure boasts a recently completed $300,000 renovation, encompassing a new central rooftop air conditioning system, over $100,000 in exterior repainting, updated office doors and hardware, and significant plumbing upgrades to ensure ADA accessibility. Meticulously maintained for the past 30 years, this property is exceptionally clean and well-maintained, showcasing a distinctive and appealing architectural design. The building is currently in turnkey condition, ready for immediate occupancy. A significant portion of the building is occupied by a national anchor tenant, leasing the majority of the third floor and a section of the second floor for their administrative offices. Detailed financial information, including current lease agreements, income statements, and expense reports, will be provided to qualified buyers. The property's location in Hilo, Hawaii's second-largest metro area, offers exceptional potential for growth and return on investment. The seller may consider a small purchase money mortgage for a qualified buyer. While all information is believed to be accurate, prospective buyers are encouraged to conduct their own due diligence to verify all aspects of the property. Square footage should be independently verified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $872,000
      Market price range: $698k - $2.64M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hilo
    County
    Hawaii
    State
    Hawaii
    Longitude
    -155.088
    Latitude
    19.7238
    CBSA code
    25900
    CBSA name
    HILO, HI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,511
    $257,700
    $2,061,200
    $2,318,900
    -
    $257,700
    $2,061,200
    $2,318,900

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    • $1.50 SF/Yr

      Spacious Office Building in Hilo

      21,252 SF office space in East Hawaii.
      180 Kinoole St, Hilo, HI 96720
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office spaces for lease, suitable for various business sizes.
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      View Details
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    Hilo, HI 96720
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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