Honolulu Mixed-Use Commercial
For Sale
$2,800,000
1178 N King St, Honolulu, HI 96817
Newly renovated mixed-use building in Honolulu with residential and commercial units.
Property Size6,536 SF
Price / SF$428.40
Days on Market228
Property Features for 1178 N King St
General Information
Standard status
Active
Size
6,536 SF
Building Details
Year Built
1924
Listing Agency:
Coldwell Banker Realty
Listed By:
Wendell K Kam
(808) 738-3904
Source:
Paradisebrokers
Added: Mar 5
Changed: Oct 14
Last Checked: Oct 7 at 2:12PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This newly renovated, two-story mixed-use commercial building is located in the heart of Honolulu on N. King Street, with convenient access to bus lines, freeways, and shopping. The fee simple concrete building contains eight total units, including both residential and commercial spaces. The property features six electric meters and six off-street parking stalls. The ground floor comprises five units: one studio, one one-bedroom unit, one two-bedroom unit, and two retail spaces. The second floor includes three units: two three-bedroom units with an office, and one three-bedroom unit.
Key Highlights
- Newly Renovated Mixed‑use Commercial building
- Eight (8) total units (both residential and commercial)
- Fee Simple ownership
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,836
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,396,720
$2.4M
Cap Rate 7%
$1,711,943
$1.7M
Cap Rate 9%
$1,331,511
$1.3M
Market Conditions
NOI Build-Up for 6,536 SF
Gross rent
$235.3K $36.00/SF
− Vacancy
−$17.4K −$2.66/SF
EGI
$217.9K $33.34/SF
− OpEx
−$98.0K −$15.00/SF
NOI
$119.8K $18.33/SF
Area
Honolulu County, HI
Vacancy
7.40%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,396,720
Cap Rate 7%
$1,711,943
Cap Rate 9%
$1,331,511
Alternative Uses
Best Use
Apartment 5plus
$1.71M
$1.50M – $2.00M
NOI $119,836 @ 7.0% cap · market cap 4.28%
Second Best
Mixed Use
$1.61M
$1.41M – $1.88M
NOI $112,746 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,361 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly renovated mixed-use building in Honolulu with residential and commercial units.
Where is this mixed-use property located?
The property is located at 1178 N King St Honolulu, HI.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Newly Renovated Mixed‑use Commercial building; Eight (8) total units (both residential and commercial); Fee Simple ownership
