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    Hilo, HI Specialty Properties for Sale

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    Papaikou, HI Pepeekeo, HI Keaau, HI Kurtistown, HI Honomu, HI Hakalau, HI Mountain View, HI Volcano, HI
    Two-Story Commercial Building in Hilo
    Updated: Jun 17, 2025
    Two-Story Commercial Building in Hilo

    891 ULULANI ST, Hilo, HI 96720

    $3,238,000
    11,996 sqft 0.57 AC lot
    True Triple Net (NNN) long‑term lease with a single tenant, providing passive income.
    High current annual cap rate of 6.78%, offering a strong return on investment.
    Lease includes scheduled rent increases tied to the Honolulu annual CPI, ensuring an inflation‑adjusted income stream.
    Strategically located outside the Tsunami Evacuation Zone, providing added safety.
    Versatile building with approximately 11,996 square feet of ADA‑compliant space, including multiple offices, conference rooms, and flexible‑use areas.
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    This listing looks promising.

    Here's a quick look at some key insights for

    891 ULULANI ST, Hilo, HI 96720

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    • Est. Cap Rate

      5.3%
      NOI ÷ price

    • Est. NOI

      $171K
      Annual

    • Mortgage

      $1M
      Jul 2006

    • Last Sold

      Sep 2018
      $2.48M

    • Property Type

      Commercial (General)
      Built 1995
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    Room-By-Room Multi-Family Investment
    Updated: Aug 26, 2025
    Room-By-Room Multi-Family Investment

    82D Hoku St, Hilo, HI 96720

    $495,500
    0.10 AC lot
    Downtown Hilo investment with 9 rentable rooms and 3 bathrooms
    2 full kitchens (upstairs and downstairs) supports multi‑tenant/room‑by‑room rental setups
    Current gross income of $70,000–$80,000+ per year with asking price $495,500
    Gross ROI estimated at 13.1% at $70K/year or 15% at $80K/year
    Flexible layout for shared housing, workforce rentals, or multi‑family use
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    Unfinished Commercial Building
    Unfinished Commercial Building

    315 Kawili St, Hilo, HI 96720

    Contact for pricing

    Unfinished fee simple commercial building offered for sale at 315 Kawili St in Hilo.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Hilo, HI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Wooded Off-Grid Residential Lot
    Wooded Off-Grid Residential Lot

    ALAPUA ST, Mountain View, HI 96771

    Contact for pricing
    1.00 AC lot

    1-acre wooded parcel in an off-grid community setting, requiring water catchment and septic systems upon building.

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    Light Industrial Land Yard
    Light Industrial Land Yard

    109 E Waiko Road #5, Wailuku, HI 96793

    Contact for pricing
    52,315 sqft 1.20 AC lot

    Graded M-1 industrial parcel suited for contractor yard, equipment storage, and light industrial operations.

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    Light Industrial Yard Land
    Light Industrial Yard Land

    6-109 E Waiko Rd, Wailuku, HI 96793

    Contact for pricing
    52,315 sqft 1.20 AC lot

    Graded, usable M-1 Light Industrial lot with utilities accessible and convenient truck access for contractor and storage uses.

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    Specialty Property Parcel
    Specialty Property Parcel

    7309 Hibiscus Street, Mountain View, HI 96771

    $48,000

    Specialty parcel featuring tall native Ohia trees, sold without seller-provided staking or survey.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Volcano Land Near National Park
    Volcano Land Near National Park

    ALA OHIA ST, Volcano, HI 96785

    $49,500
    0.36 AC lot

    Wooded lot near Volcano National Park and Volcano Village.

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    Agricultural Land Near Dole Plantation
    Agricultural Land Near Dole Plantation

    64-1320 Kamehameha Highway, Wahiawa, HI 96786

    $1,033,600

    Fee simple agricultural land suitable for various crops near Dole.

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    Agricultural Land Near Dole Plantation
    Agricultural Land Near Dole Plantation

    64-1320 Kamehameha Highway, Wahiawa, HI 96786

    $1,062,100

    Fee Simple agricultural land suitable for various crops near Kamehameha Highway.

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    Multi-Building Agricultural Property
    Multi-Building Agricultural Property

    86-347 Halona Road, Waianae, HI 96792

    $2,995,000

    Property includes multiple buildings and a warehouse, with fully installed utilities and 2 water meters.

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    Off-Market Properties in Hilo, HI

    Consider similar Off-Market properties in Hilo, HI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    280 Keawe St
    PROFESSIONAL CLUBS/ASSOCIATIONS

    280 Keawe St, Hilo, HI 96720-2823

    $1,050,000
    Estimated value
    6,164 sqft 0.17 AC lot
    View details

    Hilo, HI Specialty Properties Market Trends and Statistics

    Explore 4 specialty properties for sale in Hilo, HI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 11,996 square feet of properties for sale, with an estimated market value of $3,238,000.

    Sale prices for properties in Hilo, HI start at $3,238,000, averaging $3,238,000, and reaching up to $3,238,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    NNN properties 1

    Demographics Overview

    Population 51K
    Population Growth (5Y) +3.2%
    Median Household Income $78,537
    College Educated 23.2%

    High-Yield Neighborhoods for Investment

    Identify Hilo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    96720 $1.8M

    Taxes & Financing

    Tax Rate (average for all types) 0.89%
    Property Tax per SF $6.19 per SF
    Tax Rate vs County Average 0.09 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hawaii County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Hawaii County

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