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116 Derby Ln , Hilo, HI 96720

$179,500

Convenience and value in the heart of Hilo! Located at 116 Derby Lane, this well-priced vacant lot features a flat, cleared yard and a central location close to everyday amenities. Enjoy convenient access to downtown Hilo’s shops and restaurants, the Hilo Farmers Market, and nearby schools, including Chiefess Kapiʻolani Elementary. The open, grassy setting makes it easy to envision your plans for the property, while the in-town location keeps shopping, dining, and daily errands within easy reach. A previously completed survey is available for review. An excellent opportunity for buyers seeking a centrally located vacant lot at an attractive price. Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.

Highlights

  • Land
  • 16 days on Market


  • Lot Features
    See Remarks
  • Utilities
    Electricity Available

  • County
    Hawaii
  • City
    Hilo
  • Neighborhood
    WAILOA HEIGHTS LOTS
  • Zip Code
    96720

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Frequently Asked Questions

How do I schedule a tour of 116 Derby Ln?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 116 Derby Ln.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 116 Derby Ln?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $179,500. We can talk through recent upgrades, potential seller motivation, how this land compares to others in Hilo, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 116 Derby Ln?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 116 Derby Ln at around $1,153. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 116 Derby Ln?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Hawaii County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 116 Derby Ln?

In most cases, yes. Whether 116 Derby Ln is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Hilo's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 116 Derby Ln?

We can handle that for you. Our preferred local agent specializes in lands in Hilo and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

116 Derby Ln was listed on October 24, 2026, which means it's been on the market for 16 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What are the property taxes for 116 Derby Ln?

The most recent public record shows annual property taxes for 116 Derby Ln were approximately $1,582. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 116 Derby Ln still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Those properties marked with Hawaii Information Service's icon are provided courtesy of Hawaii Information Service. On this page not only will you see properties represented by the real estate firm which operates this website, you may also see properties represented by other members of Hawaii Information Service. Information deemed reliable but not guaranteed. Any use of the search facilities of data on this website, other than by a consumer looking to purchase real estate, is prohibited. Copyright ©2026 Hawaii Information Service. All rights reserved.

Last Updated: November 09, 2026 at 04:14AM | Source: Hawaii Information Service | MLS#: 734445