Warehouse For
For Sale
$1,490,000
1104 Palama Street, Honolulu, HI 96817
Warehouse property for sale at a street intersection in an urban redevelopment corridor.
Property Size3,296 SF
Price / SF$452.06
Days on Market116
Property Features for 1104 Palama Street
General Information
Standard status
Active
Size
3,296 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$13,524
Building Details
Building Size
3,296 SF
Year Built
1905
Listing Agency:
Fogarty Realty, Inc.
Listed By:
Mike Tavepholjalern · License #RS-28810
(808) 388-5411
Source:
Careyluxury
Added: Jun 23
Changed: Oct 4
Last Checked: Oct 15 at 5:32AM
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 Fogarty Realty, Inc.
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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.
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
Estimated NOI and Cap Rate
NOI / Yr
$52,518
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,360
$1.1M
Cap Rate 7%
$750,257
$750.3K
Cap Rate 9%
$583,533
$583.5K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$62.5K $18.96/SF
− Vacancy
−$706 −$0.21/SF
EGI
$61.8K $18.75/SF
− OpEx
−$9.3K −$2.81/SF
NOI
$52.5K $15.93/SF
Area
Honolulu County, HI
Vacancy
1.13%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,360
Cap Rate 7%
$750,257
Cap Rate 9%
$583,533
Alternative Uses
Best Use
Warehouse
$750.3K
$656.5K – $875.3K
NOI $52,518 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,475 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Demographics for 96817, HI
56,823
Population
21,489
Households
2.6
Avg Household Size
46
Median Age
30%
College-Educated
84%
High-School Grad
9.3 sq mi
ZIP Area
6,110
Density / Sq Mi
$74,690
Median Household Income
$42,492
Median Earnings
$1,419
Median Rent
$930,000
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
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 Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,490,000.
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
