Honolulu Office Building Near
For Sale
$2,495,000
1917 Colburn Street, Honolulu, HI 96819
Office building with convenient access to H-1 freeway and airport.
Property Size7,776 SF
Price / SF$320.86
Days on Market196
Property Features for 1917 Colburn Street
General Information
Standard status
Active
Size
7,776 SF
Property subtype
Office
Listed By:
James Shipman · License #RB-17830
(808) 541-5184
Source:
Cbre
Added: Mar 25
Changed: Sep 24
Last Checked: Oct 5 at 4:12PM
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 James Shipman
Investment Insights
Based on property information with market context.
Located in the Kalihi area, just a block from Dillingham Boulevard, this property at 1917 Colburn Street offers convenient access to the H-1 freeway and is minutes from Honolulu’s central business district and the airport. The facility includes covered parking and an elevator servicing all floors. Air conditioning and private restrooms are available on each floor. Full floors can be occupied and/or leased to one or more tenants. Full floors can be leased individually or combined for a single tenant. Ample parking is available, along with a loading area. The property is within a short walk to the new Kalihi Rail Station site. The property size is 7776 square feet.
Key Highlights
- Convenient access to H‑1 freeway, Honolulu CBD, and the airport.
- Full floors can be occupied/leased to single or multiple tenants.
- Ample covered parking available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,017
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,980,340
$4.0M
Cap Rate 7%
$2,843,100
$2.8M
Cap Rate 9%
$2,211,300
$2.2M
Market Conditions
NOI Build-Up for 7,776 SF
Gross rent
$303.3K $39.00/SF
− Vacancy
−$37.9K −$4.88/SF
EGI
$265.4K $34.13/SF
− OpEx
−$66.3K −$8.53/SF
NOI
$199.0K $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%
$3,980,340
Cap Rate 7%
$2,843,100
Cap Rate 9%
$2,211,300
Alternative Uses
Best Use
Office B
$2.84M
$2.49M – $3.32M
NOI $199,017 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.15M
$2.76M – $3.68M
NOI $220,528 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Demographics for 96819, HI
53,334
Population
13,287
Households
4
Avg Household Size
39
Median Age
22%
College-Educated
84%
High-School Grad
21.8 sq mi
ZIP Area
2,447
Density / Sq Mi
$96,346
Median Household Income
$40,897
Median Earnings
$1,789
Median Rent
$963,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Office building with convenient access to H-1 freeway and airport.
Where is this office building located?
The property is located at 1917 Colburn Street Honolulu, HI.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Convenient access to H‑1 freeway, Honolulu CBD, and the airport.; Full floors can be occupied/leased to single or multiple tenants.; Ample covered parking available.
