Mixed-Use Building with Commercial
1709 Kalani Street Honolulu, HI 96819
1709 Kalani Street, Honolulu, HI, 96819
$2,800,000
For Sale
$2,800,000
COMMERCIAL - Honolulu, HI
Property Size6,546 SF
Price / SF$427.74
Days on Market75
Property Features for 1709 Kalani Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Interior features
- Handicap Access
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 1-1-2-003-069-0000
- Size
- 6,546 SF
Taxes and HOA fees
- Tax Annual Amount
- 29263
Utilities
- Utilities
- Natural Gas Available
- Cooling system
- Central Air
Building Details
- Year built
- 1991
- Floors in Building
- 3
- Flooring type
- Concrete
- Building materials
- Concrete
Listing Agency
Marcus Realty
(808) 839-7446
1045 Mapunapuna Street, Honolulu, HI
Listed by
Kevin Y Nishikawa · License #RB-17304
(808) 220-9220
Added: May 5 Checked: Jul 18 at 2:06 pm
MLS# 202609268
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property at 1709 Kalani St. in Honolulu, HI, features a three-story mixed-use building constructed of concrete, with a total area of 6,546 square feet and an elevator. The first floor is designed as a commercial kitchen, encompassing approximately 1,922 square feet. This space includes a 1,250-gallon grease trap, a hood vent, and commercial sinks. The second floor offers 2,346 square feet of open floor plan space. The third level, with 2,270 square feet, is built out as a 2-bedroom, 2-bath accessory dwelling unit, complete with a walk-in closet, a large living area, and a kitchen. A small parking lot is accessible from Kalani Street.
Key Highlights
- Great Location on Major Hwy
- Rustic and Ready
- Various types of businesses will fit
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.0k | $39.72 |
| − Vacancy | −$12.5k | −$1.91 |
| EGI | $247.5k | $37.81 |
| − OpEx | −$61.9k | −$9.45 |
| NOI | $185.6k | $28.36 |
6,546 SF · lease $39.72/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,645 @ 7.0% cap · market cap 6.63%
Second Best
Mixed Use
$1.61M
$1.41M – $1.88M
NOI $112,919 @ 7.0% cap · market cap 4.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial kitchens
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use building featuring a commercial kitchen and residential unit.
Where is this mixed-use property located?
The property is located at 1709 Kalani Street Honolulu, HI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
