Two-Unit Office
For Sale
Contact for pricing
1210 Artesian Street 201/202, Honolulu, HI 96826
Second-floor offices can function independently or as a connected workspace, with tandem parking allocated to each unit.
Property Size2,378 SF
Price / SF$4.05
Days on Market168
Property Features for 1210 Artesian Street 201/202
General Information
Standard status
Active
Size
2,378 SF
Property subtype
Industrial
Site & Location
Neighborhood
Makiki
Additional Details
Floor
2
Taxes and HOA fees
Annual Taxes
$35,129
Building Details
Building Size
2,378 SF
Year Built
1982
Buildings
1
Listing Agency:
Real Estate Strategies, LLC
Listed By:
Donny Sun · License #RS-84720
(808) 284-1010
Source:
Hirootsrealty
Added: May 20
Changed: Oct 26
Last Checked: Oct 31 at 4:34PM
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.
Investment Insights
Based on property information with market context.
Two office units occupy the second floor at 1210 Artesian Street in Honolulu. Unit 201 measures 1,278 square feet and has an open layout with three private offices, a bathroom, and a rear entrance. Unit 202 contains 1,100 square feet, four private offices, a bathroom, a sink, and storage. A connecting door allows the spaces to operate together or remain separate.
Each unit comes with a tandem arrangement providing two parking stalls; additional stalls may be rented. Large windows bring natural light into the offices. The property was built in 1982 and is located along S. Beretania Street.
Each unit comes with a tandem arrangement providing two parking stalls; additional stalls may be rented. Large windows bring natural light into the offices. The property was built in 1982 and is located along S. Beretania Street.
Key Highlights
- Two second‑floor office units totaling 2,378 square feet
- Unit 201: 1,278 square feet, three private offices, bathroom, and rear entrance
- Unit 202: 1,100 square feet, four private offices, bathroom, sink, 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
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
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
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
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
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor offices can function independently or as a connected workspace, with tandem parking allocated to each unit.
Where is this office unit located?
The property is located at 1210 Artesian Street 201/202 Honolulu, HI.
What are key features of this property?
This property features: Two second‑floor office units totaling 2,378 square feet; Unit 201: 1,278 square feet, three private offices, bathroom, and rear entrance; Unit 202: 1,100 square feet, four private offices, bathroom, sink, and storage
