Entity Owned Property summary
AI-generated overview
This exceptional Hilo, Hawaii commercial property offers 19,040 square feet of retail space ideally situated at 660 Kilauea Ave, 96720. The property boasts a highly visible location across from county, state, and courthouse buildings, ensuring consistent high vehicular traffic and excellent street visibility. This single-tenant space is zoned for General Commercial use and sits on one acre of land. The building is configured with a spacious first floor retail area totaling 16,380 square feet, perfect for a variety of retail businesses. Additionally, a second-floor office space of 2,660 square feet provides ample room for administrative functions or additional retail support. The property does not include elevators. This is a rare opportunity to secure a prominent retail space in a high-traffic area of Hilo, offering significant potential for business growth and success. The property type is retail with a warehouse and office subtype. Serious inquiries only.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1948
Construction
STEEL FRAME
Total area
10,360 SF
Lot
0.98 ac (42,695 SF)
Zoning code
3A
APN
3-2-2-016-041
UPID
US24-0234925
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Home Decor Store Department Store
-
Home Appliance Store Hardware & Home Improvement
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.25M
Owner & transaction history
since 2021
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
3A · Hilo, HI
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.25M
Value range
$1.13M – $1.38M
±10% around blend
Estimated value / SF
$121 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$1.13M
blend $1.25M
$1.38M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,360 SF
Lot area
0.98 ac
Year built
1948
Stories
2
APN
3-2-2-016-041
Zoning
3A
Assessed value
$1,350,000
Annual tax
$14,445
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.29M
Range $944k – $2.95M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.25M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 88 sales
$186
-35%
Submarket 88 sales
$186
-35%
County 196 sales
$221
-45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $121/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.39M
Move the market yield to see immediate price impact.
Value / SF
$134
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$88k
$1.75M
$1.25M
$972k
$97k
$1.94M
$1.39M
$1.08M
$107k
$2.14M
$1.53M
$1.19M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,445
Tax year 2023
Assessed value
$1,350,000
Assessed 2024
Previous assessed
$1,350,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$619,400
Assessed improvement
$730,600
Land market value
$619,400
Improvement market value
$730,600
Total market value
$1,350,000
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1948
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Units
1
Bathrooms
11
Total area
10,360 SF
Lot
0.98 ac (42,695 SF)
Zoning code
3A
APN
3-2-2-016-041
UPID
US24-0234925
Jurisdiction
HAWAII
Zoning & alternative use
3A · Hilo, HIZoning 3A · permitted uses
3A · Hilo, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
1
Bathrooms
11
Lot
0.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
3A
Jurisdiction
Hilo, HI
Recorded code
3A
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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