Listing Agency: Real Estate Strategies, LLC Show Phone

Listed By: Donny Sun Show Phone

Source: Yourhomeshawaii

Added: Jul 20 Changed: Oct 10 Last Checked: Oct 16 at 8:53AM

Report an Issue

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 Real Estate Strategies, LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Units 201 and 202 occupy the second floor and are currently linked by an interior door, allowing them to function together or operate separately. Unit 201 contains 1,278 square feet with an open layout, three private offices, a private bathroom, and a rear entrance and exit. Unit 202 provides 1,100 square feet with a divided layout, four private offices, a private bathroom, sink, and substantial storage. Both units feature large windows that bring natural light into the workspace.

Each unit includes one tandem stall, providing two parking stalls per unit. Additional stalls are available to rent. The property has street visibility along S. Beretania St. in Honolulu, with unit configurations suited to office-oriented operations and other professional commercial uses.

Key Highlights

• Units 201 and 202 are connected by an interior door and can function as one suite or two separate units
• Unit 201 offers 1,278sqft, an open plan, 3 private offices, a bathroom, and a rear entrance/exit
• Unit 202 includes 1,100sqft, 4 private offices, a bathroom, sink, separated areas, and storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,862

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,217,240 $1.2M

Cap Rate 7%

$869,457 $869.5K

Cap Rate 9%

$676,244 $676.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,378 SF

Gross rent

$92.7K $39.00/SF

− Vacancy

−$11.6K −$4.88/SF

EGI

$81.1K $34.13/SF

− OpEx

−$20.3K −$8.53/SF

NOI

$60.9K $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%

$1,217,240

Cap Rate 7%

$869,457

Cap Rate 9%

$676,244

Alternative Uses

Best Use

Office B

$869.5K

$760.8K – $1.01M (±1% cap)

NOI $60,862 @ 7.0% cap · market cap 631.55%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$963.4K

$843.0K – $1.12M (±1% cap)

NOI $67,440 @ 7.0% cap · market cap 699.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Lease Details

2

Office units

Location Intelligence

Demographics for 96826, HI

30,092

Population

16,564

Households

1.8

Avg Household Size

44

Median Age

38%

College-Educated

91%

High-School Grad

1.1 sq mi

ZIP Area

27,356

Density / Sq Mi

$67,743

Median Household Income

$44,393

Median Earnings

$1,604

Median Rent

$485,200

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Similar For Sale Nearby

See more

Ground Floor Office Space Available

2333 Kapiolani Boulevard C3, Honolulu, HI 96826

Contact for pricing

View details

Professional Office Space with Parking

222 Vineyard Street PH4, Honolulu, HI 96813

$653,660

2,438 SF

View details

Second-Floor Office Condominium

202203-725 Kapiolani Blvd, Honolulu, HI 96826

$1,295,000

2,785 SF

View details

Honolulu Office Condo For Sale

725 Kapiolani Boulevard #202,203, Honolulu, HI 96813

$1,295,000

2,785 SF

View details

Second-Floor Creative Space

184 N King Street, Honolulu, HI 96817

Contact for pricing

View details

Medical-Ready Office Condo

725 Kapiolani Boulevard C212, Honolulu, HI 96813

$1,250,775

3,706 SF

View details

Historic Office Space on Merchant

908 Bethel St, Honolulu, HI 96813

Contact for pricing

1,000 SF

View details

Downtown Honolulu Office Condominium

800 Bethel Street, Honolulu, HI 96813

$825,000

1,277 SF

View details

Medical Office Suite

321 N Kuakini St Unit 307, Honolulu, HI 96817

$195,000

1,109 SF

View details

Downtown Honolulu Office Condominium

1100 Alakea Street, Honolulu, HI 96813

$2,700,000

5,483 SF

View details

Honolulu Commercial Units for Lease

1210 Artesian Street #201/202, Honolulu, HI 96826

Contact for pricing

1,278 SF

View details

Ground-Floor Office Suite

102-1744 Liliha St, Honolulu, HI 96817

Contact for pricing

575 SF

View details

Frequently Asked Questions

What type of property is this?

Office units - Flexible upstairs suites combine private offices, storage, bathrooms, and natural light in a visible Honolulu commercial setting.

Where is this office units located?

The property is located at 1210 Artesian Street #201/202 201/202 Honolulu, HI.

What are key features of this property?

This property features: Units 201 and 202 are connected by an interior door and can function as one suite or two separate units; Unit 201 offers 1,278sqft, an open plan, 3 private offices, a bathroom, and a rear entrance/exit; Unit 202 includes 1,100sqft, 4 private offices, a bathroom, sink, separated areas, and storage