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    Property profile & analytics
    FOR SALE
    Commercial real estate

    2046 N King St, Honolulu, HI 96819

    2,432 SF 0.12 ac lot Built 1980
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US24-0591444
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 2046 N King Street, Honolulu, HI, presents a prime commercial investment opportunity. The 2,432 square foot building sits on a 0.12-acre lot and boasts four fully-leased units generating a substantial $11,000 per month in gross rent. Its strategic location in the heart of Kalihi ensures high visibility and foot traffic, complemented by ample parking and convenient access to public transportation. The property's BMX-3 zoning allows for flexibility in future improvements and diverse uses, making it ideal for both investors seeking steady income and owner-users looking for a central retail location. High-visibility storefronts along the bustling N King Street corridor guarantee strong tenant appeal and potential for future rent increases. This is a rare chance to acquire a well-performing asset in one of Honolulu's most dynamic commercial areas. The property's current strong rental income stream provides immediate returns, while the flexible zoning and prime location offer significant long-term growth potential. Don't miss this opportunity to secure a piece of Honolulu's thriving commercial landscape. The property is priced at $2,000,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1980
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,432 SF
    Lot 0.12 ac (5,287 SF)
    Zoning code BMX-3
    APN 1-1-3-004-093
    UPID US24-0591444
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • HK Construction Construction Company General Contractor
    • Sato & Associates Inc Structural Engineer Professional Services
    • Videorama Electronics & Wireless Store (Bike/Boat/Book/etc) Store
    • Boost Mobile Mobile Phone Store Electronics & Wireless Store
    • Lucky Money - (Agent of RIA Financial) Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $945k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.65M
    Blend (final) Blend
    $1.44M
    Owner & transaction history
    Anthony Hernandez · 5 yrs held
    Anthony Hernandez
    since 2021
    Last sale
    $1.7M
    7 recorded transactions
    2021
    $1.7M
    2020
    2019
    2015
    $450,000
    2014
    2014
    2008
    Zoning & alternative use
    BMX-3 · Honolulu, HI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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