Full-Floor Office
1100 Alakea Street Units 900 & 901, Honolulu, HI 96813
For Sale
Contact for pricing
Fee-simple office ownership combines private work areas, meeting rooms, shared workspace and eight reserved parking stalls.
Property Size5,424 SF
Price / SF$382.56
Days on Market54
Property Features for 1100 Alakea Street Units 900 & 901
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Floor
Office Units
Property Use
Listing Agency:
Hawaii Commercial Real Estates
Listed By:
Taylor Higa · License HI RS86404
(808) 441-9757
Source:
Crexi
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 10 at 5:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hawaii Commercial Real Estates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Units 900 and 901 comprise a fee-simple office condominium spanning approximately 5,424 square feet on the ninth floor of Alakea Corporate Tower. The layout includes eight private offices, two conference rooms, a training room, reception, kitchen, server room, copy and file room, and open workstation space. Perimeter windows bring natural light into the offices and provide views of Downtown Honolulu.
At the corner of Alakea Street and Hotel Street, the property is within walking distance of Ali'i Place, Bishop Square, the Hawaii State Capitol and District Court. Honolulu's financial and government districts are also nearby.
At the corner of Alakea Street and Hotel Street, the property is within walking distance of Ali'i Place, Bishop Square, the Hawaii State Capitol and District Court. Honolulu's financial and government districts are also nearby.
Key Highlights
- Approximately 5,424 square feet across Units 900 and 901 on the ninth floor
- Eight reserved parking stalls
- Eight private offices, two conference rooms and a training room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,821
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,776,420
$2.8M
Cap Rate 7%
$1,983,157
$2.0M
Cap Rate 9%
$1,542,456
$1.5M
Market Conditions
NOI Build-Up for 5,424 SF
Gross rent
$211.5K $39.00/SF
− Vacancy
−$26.4K −$4.88/SF
EGI
$185.1K $34.13/SF
− OpEx
−$46.3K −$8.53/SF
NOI
$138.8K $25.59/SF
Area
Honolulu County, HI
Vacancy
12.50%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,776,420
Cap Rate 7%
$1,983,157
Cap Rate 9%
$1,542,456
Alternative Uses
Best Use
Office B
$1.98M
$1.74M – $2.31M
NOI $138,821 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.20M
$1.92M – $2.56M
NOI $153,825 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
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
$804,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Honolulu, HI
Properties on Market for Office Units in Honolulu
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Fee-simple office ownership combines private work areas, meeting rooms, shared workspace and eight reserved parking stalls.
Where is this office unit located?
The property is located at 1100 Alakea Street Units 900 & 901 Honolulu, HI.
What is the asking price?
The asking price for this property is $2,075,000.
What are key features of this property?
This property features: Approximately 5,424 square feet across Units 900 and 901 on the ninth floor; Eight reserved parking stalls; Eight private offices, two conference rooms and a training room
