Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120 Sand Island Access Rd Honolulu, HI 96819

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail/office space in Honolulu, convenient location, central AC.

    Property Features for 120 Sand Island Access Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jie Xie
    Source: Cbre

    Listing Agent: Jie Xie

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Honolulu Retail/Office Space Available

    Located in the Malolo Business Center at 120 Sand Island Access Road in Honolulu, this property offers retail and office space for lease. The first floor features a showroom space with a restroom. The second floor includes built-in cubicles and a conference room. Central air conditioning is installed throughout the premises. The property is located approximately 3 miles from Downtown Honolulu and 3 miles from Honolulu Airport, with access to Honolulu Port and Hawaii’s freeway network.
    Location Intelligence

    Current Use by Public Records

    Better Jerky Co. Big Box & Wholesale Store TIGER DOCKS HAWAII Industrial Manufacturer Marc Haine Inc Carpet & Flooring Store Pacific Architectural Millwork Hardware & Home Improvement FitNFresh, LLC Take-out & Catering

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.891388
    Latitude
    21.323976

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Waterfront

      Discover many ways to work your way in Waterfront
      500 Ala Moana Blvd, Honolulu, HI 96813
      View Details
    • Contact for pricing
      89,441 SF

      Class A Office Space Honolulu

      Prestigious office campus in Honolulu's Central Business and Financial District.
      1001 Bishop St, Honolulu, HI 96813
      View Details
    • Contact for pricing

      Free Standing Building in Honolulu

      4,137 SF building ideal for retail, showroom, or medical.
      2023 Young St, Honolulu, HI 96826
      View Details
    • $1.20 SF/Yr
      3,013 SF

      Kakaako Commerce Center Warehouse Space

      Prime Honolulu warehouse space with convenient access and ample parking.
      875 Waimanu St, Honolulu, HI 96813
      View Details
    • Contact for pricing

      Honolulu Industrial Ground Lease Opportunity

      Long-term ground lease near Honolulu Airport and Harbor.
      685 Ahua St, Honolulu, HI 96819
      View Details
    • $3,909 /Mo

      Restaurant Space in McCully District

      Restaurant space in high-traffic McCully Commercial District.
      1742 South King St, Honolulu, HI 96826
      View Details
    • Contact for pricing

      Honolulu Private Offices with Amenities

      Flexible, short-term leases in Honolulu's Central Business District.
      1136 Union Mall, Honolulu, HI 96813
      View Details
    • $1.65 SF/Yr
      1,274 SF

      Honolulu Industrial Building For Lease

      Industrial building in Honolulu, HI, with convenient access to transportation.
      220 Puuhale Rd, Honolulu, HI 96819
      View Details
    • $1.00 SF/Yr

      Medical/Non-Profit Office Space Available

      Office space suitable for medical or non-profit organizations.
      810 N Vineyard Blvd, Honolulu, HI 96817
      View Details
    • Contact for pricing
      13,987 SF

      Honolulu Medical Pavilion Ready Space

      Medical pavilion with easy access and dynamic campus.
      2226 Liliha St, Honolulu, HI 96817
      View Details
    • $2.00 SF/Yr

      Retail Strip Mall on King

      Retail spaces available in high-traffic Honolulu location.
      2320 S King St, Honolulu, HI 96826
      View Details
    • Contact for pricing
      4,296 SF

      Honolulu Harbor Court Office Space

      Prestigious office building with harbor and mountain views.
      55 Merchant St, Honolulu, HI 96813
      View Details

    FAQs

    What type of property is this?
    Showroom - Retail/office space in Honolulu, convenient location, central AC.
    Where is this showroom located?
    The property is located at 120 Sand Island Access Rd Honolulu, HI.
    What are key features of this property?
    This property features: - Strategic location: just 3 miles from Downtown Honolulu and Honolulu Airport.; - Easy access to Honolulu Port and Hawaii’s freeway network.; - **Versatile showroom space on the first floor.**
    (808) 541-5154
    Request Owner's contact information
    120 Sand Island Access Rd Honolulu, HI 96819
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120 Sand Island Access Rd
    Honolulu, HI 96819
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Sand Island Access Rd Honolulu, HI 96819
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jie Xie
    Real Estate License ID: RS-73904
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!