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Property profile & analytics
FOR SALE
Commercial real estate
891 Ululani St, Hilo, HI 96720
Entity Owned
7-yr Hold
Free & Clear
Property ID
US24-0602895
For Sale
1 / 30
$3,238,000
891 Ululani St, Hilo, HI 96720
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1995
Construction
WOOD
Total area
11,996 SF
Lot
0.57 ac (24,800 SF)
Zoning code
3A
APN
3-2-4-025-007
UPID
US24-0602895
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
-
Premier Medical Group Hawaii - Hilo Medical Clinic
-
Melissa Garnett Physician
-
Nidhi Chabora Physician
-
Care Hawaii Crisis Center Medical Clinic
-
Medipharm Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.04M
Owner & transaction history
Rongxian USA LLC · 7 yrs held
Rongxian USA LLC
since 2018
6 recorded transactions
Zoning & alternative use
3A · Hilo, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hilo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,235,000
Current use
Blend value · Realmo final
$2.04M
Range $1.83M – $2.24M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$170 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,066
Tax year 2023
Assessed value
$3,183,700
Assessed 2024
Previous assessed
$3,183,700
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$410,400
Assessed improvement
$2,773,300
Land market value
$410,400
Improvement market value
$2,773,300
Total market value
$3,183,700
Applied tax rate
3.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1995
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
13
Total area
11,996 SF
Lot
0.57 ac (24,800 SF)
Zoning code
3A
APN
3-2-4-025-007
UPID
US24-0602895
Jurisdiction
HAWAII
Zoning & alternative use
3A · Hilo, HI
Zoning 3A · permitted uses
3A · Hilo, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Bathrooms
13
Lot
0.57 ac
Current owner
From public records · entity-resolved
Rongxian USA LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1345 S BERETANIA ST STE #301, HONOLULU, HI 96814-1802
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2018
$2,475,000
Rongxian USA LLC
Tajiri Harvey S Living
Grant Deed
—
Jul 14, 2006
$2,500,000
Tajiri H S Living
Va Hilo LLC
Warranty Deed
$1,000,000 · Hawaii National Bank
Nov 29, 2000
$3,450,000
Va Hilo LLC
Kings Va Ltd
Grant Deed
$2,625,000 · Central Pacific Bank
—
—
Tajiri H S & H H Living Trust
—
Deed Of Trust
related
$1,316,000 · Hawaii National Bank
—
—
Tajiri H S Living
—
Deed Of Trust
related
$386,092 · Hawaii National Bank
—
—
Va Hilo LLC
—
Deed Of Trust
related
$1,163,116 · Citizens First Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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