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    1194 Mikole St Honolulu, HI 96819

    For Sale
    $300,000

    COMMERCIAL - Honolulu, HI

    Days on Market:
    25
    Last Refresh:
    Dec 5 at 7:06 am

    Property Features for 1194 Mikole St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1-1-5-041-256-0000
    Parking features
    On Street

    Building Details

    Floors in Building
    1

    Locations LLC

    Listing agent Russell K Nishimoto (808) 735-4200 License #RB-10963

    Listing date Nov 11, 2025

    Copyright © 2025 Honolulu Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Honolulu Commercial Land in SIBA

    This commercial land is situated in the Sand Island Business Park (SIBA). It is a corner lot with access from Mikole Street and Makepono Street. The property currently features a stand-alone structure with a half bath, as well as an empty diesel storage tank and pump. Lease rents are fixed through 2047, with the exception of a monthly assessment that is re-evaluated annually by the SIBA. There is a scheduled rent step-up of $5,970 per month from July 1, 2037, to June 30, 2042, followed by a final step-up to $7,314 per month from July 1, 2042, to June 30, 2047. The lot size is 10000 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.8768077
    Latitude
    21.3040497

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    FAQs

    What type of property is this?
    Commercial land - Corner lot in Sand Island Business Park with fixed lease.
    Where is this commercial land located?
    The property is located at 1194 Mikole St Honolulu, HI.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Fixed lease rents through 2047 (with step-ups).; - Corner lot location in Sand Island Business Park (SIBA).; - Access from two streets: Mikole St and Makepono St.
    (808) 735-4200
    Request Owner's contact information
    1194 Mikole St Honolulu, HI 96819
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    Honolulu, HI 96819
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1194 Mikole St Honolulu, HI 96819
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