Warehouse For
1104 Palama ST Honolulu, HI 96817
For Sale
Contact for pricing
Warehouse property for sale at a street intersection in an urban redevelopment corridor.
Property Size3,296 SF
Price / SF$455.10
Days on Market36
Property Features for 1104 Palama ST
General Information
- Standard status
- Active
- Size
- 3,296 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1910
Listing Agency:
Hawaii Commercial Real Estates
Listed By:
Hey Ho · License #RS-87274
Source:
Crexi
Added: Jun 22
Changed: Jul 22
Last Checked: Jul 26 at 3:41AM
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
Investment Insights
Based on property information with market context.
This for-sale warehouse property is located at 1104 Palama St and includes a total property size of 3,296. The asset is positioned at the intersection of Palama Street and a key Kalihi cross street.
Per the seller’s remarks, the location is within an active urban redevelopment corridor with proximity to downtown and transit access, supported by ongoing long-term residential demand in the area.
Per the seller’s remarks, the location is within an active urban redevelopment corridor with proximity to downtown and transit access, supported by ongoing long-term residential demand in the area.
Key Highlights
- Year built: 1910 warehouse property
- Located at the intersection of Palama St and a key Kalihi cross street
Financial Insights For Warehouse
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 | $62.5k | $18.96 |
| − Vacancy | −$706 | −$0.21 |
| EGI | $61.8k | $18.75 |
| − OpEx | −$9.3k | −$2.81 |
| NOI | $52.5k | $15.93 |
3,296 SF · lease $18.96/SF/yr · vacancy 1.13% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$750.3K
$656.5K – $875.3K
NOI $52,518 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,475 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
FAQs
What type of property is this?
Warehouse - Warehouse property for sale at a street intersection in an urban redevelopment corridor.
Where is this warehouse located?
The property is located at 1104 Palama ST Honolulu, HI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Year built: 1910 warehouse property; Located at the intersection of Palama St and a key Kalihi cross street
