Class A Office Condo With
For Sale
$1,998,000
1100 Alakea Street, Honolulu, HI 96813
COMMERCIAL - Honolulu, HI
Property Size4,457 SF
Price / SF$448.28
Days on Market84
Property Features for 1100 Alakea Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
34 - BMX-4 Central Business Mix
Parking features
Assigned
Security features
Security
Subdivision
DOWNTOWN
Standard status
Active
APN
1-2-1-010-005-0019
Taxes and HOA fees
Tax Annual Amount
15400
Utilities
Utilities
Electricity Available
Cooling system
Central Air
Building Details
Year built
1993
Floors in Building
1
Number of units
2
Building materials
Metal Frame, Concrete
Listing Agency:
Coldwell Banker Island Prop · Coldwell Banker Real Estate
(808) 875-7000
Listed By:
Brandon C Lau · License #RB-19267
(808) 230-1234
Added: May 14
Changed: Aug 4
Last Checked: Aug 5 at 4:06PM
MLS# 202609533
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.
Own the 9th floor of Alakea Corporate Tower comprising two office condominium units (#900 and #901) totaling 4,457 square feet. This class A fee simple commercial office condominium offers views of Downtown Honolulu, the Capitol District, and the Koolau Mountains.
The offices are centrally located on the corner of Hotel and Alakea Street, across from the First Circuit Court, Ali`i Place, and Bishop Square. Ingress and egress are from the top of Bishop and Alakea Streets. The current configuration includes 8 private offices with windows facing east, a large open administrative area with kitchen, a training room, conference room, lounge, and an additional interior bonus room.
The property comes with dedicated 8 parking stalls (4 per unit) with AC. The building is described as secured and well managed, with electricity and janitorial service included. Year built is 1993, with metal frame and concrete construction and central air cooling.
The offices are centrally located on the corner of Hotel and Alakea Street, across from the First Circuit Court, Ali`i Place, and Bishop Square. Ingress and egress are from the top of Bishop and Alakea Streets. The current configuration includes 8 private offices with windows facing east, a large open administrative area with kitchen, a training room, conference room, lounge, and an additional interior bonus room.
The property comes with dedicated 8 parking stalls (4 per unit) with AC. The building is described as secured and well managed, with electricity and janitorial service included. Year built is 1993, with metal frame and concrete construction and central air cooling.
Key Highlights
- Two office condo units (#900 and #901) totaling 4,457 square feet
- 9th‑floor views of Downtown Honolulu, the Capitol District, and the Koolau Mountains
- Current layout includes 8 private offices plus open administrative area, training, conference, lounge
Financial Insights For Office B
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 | $173.8k | $39.00 |
| − Vacancy | −$21.7k | −$4.88 |
| EGI | $152.1k | $34.13 |
| − OpEx | −$38.0k | −$8.53 |
| NOI | $114.1k | $25.59 |
4,457 SF · lease $39.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.63M
$1.43M – $1.90M
NOI $114,071 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.81M
$1.58M – $2.11M
NOI $126,401 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Demographics for 96813, HI
27,372
Population
13,511
Households
2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
7,603
Density / Sq Mi
$87,799
Median Household Income
$57,619
Median Earnings
$1,821
Median Rent
$804,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Own two office units on the 9th floor with central air and 8 dedicated parking stalls in a downtown Honolulu building.
Where is this office units located?
The property is located at 1100 Alakea Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Two office condo units (#900 and #901) totaling 4,457 square feet; 9th‑floor views of Downtown Honolulu, the Capitol District, and the Koolau Mountains; Current layout includes 8 private offices plus open administrative area, training, conference, lounge
