# 891 ULULANI ST, Hilo, HI 96720 > **TL;DR:** commercial, $3,238,000 ($270/sqft), built 1995, 11,996 sqft. > A/C. Est. $17,317/mo. Listed 501 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,238,000 | | Price/sqft | $270 | | Square Feet | 11,996 | | Year Built | 1995 | | Lot Size | 24,799 sqft (0.57 acres) | | Stories | 2 | | Property Type | Commercial (Office) | | Status | Active | | Days on Market | 501 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $16,373 | | Estimated Insurance | $944 | | **Total** | **$17,317** | ## Key Amenities - A/C ## Property Highlights - Built in 1995 - 0.57 acre lot - 2 stories ## Description ### Agent Description Exceptional opportunity to acquire a well-maintained, two-story commercial building currently under a True Triple Net (NNN) long-term lease with a single tenant. Encompassing approximately 11,996 square feet of ADA-compliant interior space, the building features an elevator, multiple private offices, conference rooms, and flexible-use spaces-some previously configured for residential use. Both floors include central reception areas, men's and women's restrooms, with showers located on the ground floor. A dedicated laundry room with washer/dryer hookups adds further utility. Offering a solid return on investment with a current annual cap rate of 6.78%, this property presents a rare chance for income-focused investors. The tenant pays all property taxes and maintenance costs, and the lease includes scheduled rent increases tied to the Honolulu annual CPI, ensuring a strong, inflation-adjusted income stream. Strategically located on Ululani Street directly across from the Hilo Police Department, this property is outside the Tsunami Evacuation Zone and offers a south-facing front entrance-a desirable attribute for those mindful of Feng Shui. The building's design and history of use provide exceptional versatility. It has served as a residential medical treatment center, extended educational facility for the University of Hawaii, and temporary offices for County of Hawaii mayors. A new air conditioning system was installed in 2024, adding further value and comfort for current and future occupants. Secure, paved, off-street parking is included. Its downtown Hilo location offers convenience to government offices, legal centers, and medical facilities. Please do not disturb the tenant or access the property without authorization. No site visits permitted. ## Location - **Address:** 891 ULULANI ST, Hilo, HI 96720 - **Neighborhood:** KUKUAU - 1ST - **Coordinates:** 19.7167245, -155.0847349 - **Google Maps:** https://www.google.com/maps?q=19.7167245,-155.0847349 ## Listing Agent - **Name:** Tony Wang - **Brokerage:** Pac Partners Group LLC - **Broker Phone:** (808) 870-1009 ## Photos ![891 ULULANI ST - Photo 1](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f2536125508r.jpg) ![891 ULULANI ST - Photo 2](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f3446361711r.jpg) ![891 ULULANI ST - Photo 3](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f2621156184r.jpg) ![891 ULULANI ST - Photo 4](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f3722702415r.jpg) ![891 ULULANI ST - Photo 5](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f2909603742r.jpg) ![891 ULULANI ST - Photo 6](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f653860919r.jpg) ![891 ULULANI ST - Photo 7](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f1630694344r.jpg) ![891 ULULANI ST - Photo 8](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f10656861r.jpg) ![891 ULULANI ST - Photo 9](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f3694493130r.jpg) ![891 ULULANI ST - Photo 10](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f3088376816r.jpg) ![891 ULULANI ST - Photo 11](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f199957650r.jpg) ![891 ULULANI ST - Photo 12](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f2510448558r.jpg) ![891 ULULANI ST - Photo 13](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f2621156184r.jpg) ![891 ULULANI ST - Photo 14](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f2221553420r.jpg) ![891 ULULANI ST - Photo 15](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f1932729544r.jpg) ![891 ULULANI ST - Photo 16](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f2206534253r.jpg) ![891 ULULANI ST - Photo 17](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f693087711r.jpg) ![891 ULULANI ST - Photo 18](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f2558950678r.jpg) ![891 ULULANI ST - Photo 19](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f1693308184r.jpg) ![891 ULULANI ST - Photo 20](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f3028394126r.jpg) ![891 ULULANI ST - Photo 21](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f805489765r.jpg) ![891 ULULANI ST - Photo 22](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f1130783848r.jpg) ![891 ULULANI ST - Photo 23](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f3024064115r.jpg) ![891 ULULANI ST - Photo 24](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f255730654r.jpg) ![891 ULULANI ST - Photo 25](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f2691879722r.jpg) ![891 ULULANI ST - Photo 26](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f3451730337r.jpg) ![891 ULULANI ST - Photo 27](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f3188130972r.jpg) ![891 ULULANI ST - Photo 28](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f3574437029r.jpg) ![891 ULULANI ST - Photo 29](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f1129523310r.jpg) ![891 ULULANI ST - Photo 30](http://lh.rdcpix.com/b068c81537211b8f84a52b3c531d37e6l-f2418728644r.jpg) --- **MLS#:** 721953 | **Updated:** 2026-10-22 **Source:** listhub *Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/891-ululani-st-hilo-hi-96720-426b98c9ef0f454495ec4399c13c5dae) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/891-ululani-st-hilo-hi-96720-426b98c9ef0f454495ec4399c13c5dae#listing", "url": "https://www.propertysimple.ai/listing/891-ululani-st-hilo-hi-96720-426b98c9ef0f454495ec4399c13c5dae", "name": "891 ULULANI ST, Hilo, HI 96720", "description": "Exceptional opportunity to acquire a well-maintained, two-story commercial building currently under a True Triple Net (NNN) long-term lease with a single tenant. Encompassing approximately 11,996 square feet of ADA-compliant interior space, the building features an elevator, multiple private offices, conference rooms, and flexible-use spaces-some previously configured for residential use. Both floors include central reception areas, men's and women's restrooms, with showers located on the ground floor. A dedicated laundry room with washer/dryer hookups adds further utility. Offering a solid return on investment with a current annual cap rate of 6.78%, this property presents a rare chance for income-focused investors. The tenant pays all property taxes and maintenance costs, and the lease includes scheduled rent increases tied to the Honolulu annual CPI, ensuring a strong, inflation-adjusted income stream. Strategically located on Ululani Street directly across from the Hilo Police Department, this property is outside the Tsunami Evacuation Zone and offers a south-facing front entrance-a desirable attribute for those mindful of Feng Shui. The building's design and history of use provide exceptional versatility. It has served as a residential medical treatment center, extended educational facility for the University of Hawaii, and temporary offices for County of Hawaii mayors. A new air conditioning system was installed in 2024, adding further value and comfort for current and future occupants. Secure, paved, off-street parking is included. Its downtown Hilo location offers convenience to government offices, legal centers, and medical facilities. Please do not disturb the tenant or access the property without authorization. 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