Retail Space with Mixed-Use
New
For Sale
$6,800,000
1694 Kalakaua Ave, Honolulu, HI 96826
Retail space on Kalakaua Avenue with a BMX-3 zoned lot, an existing mixed-use building, and an adjacent A-2 stream lot.
Property Size7,843 SF
Price / SF$867.02
Days on Market5
Property Features for 1694 Kalakaua Ave
General Information
Standard status
Active
Size
7,843 SF
Property subtype
Other
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Jordan Chow
Source:
Commercialcafe
Added: Jul 29
Changed: Jul 31
Last Checked: Aug 1 at 5:28AM
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 Commercial Realty
Investment Insights
Based on property information with market context.
1694 Kalakaua Avenue offers retail space on a BMX-3 zoned site improved with an existing 7,843 SF mixed-use building. The BMX-3 lot totals 12,932 SF.
The property also includes an adjacent A-2 zoned stream lot totaling 7,497 SF. The site is located along Kalakaua Avenue in Honolulu, near Waikiki and Ala Moana, providing street frontage on one of the area’s prominent commercial corridors.
This assemblage combines an in-place mixed-use structure with a separately zoned adjacent stream lot, creating flexibility for redevelopment and owner-user or investor planning within the mixed zoning configuration described above.
The property also includes an adjacent A-2 zoned stream lot totaling 7,497 SF. The site is located along Kalakaua Avenue in Honolulu, near Waikiki and Ala Moana, providing street frontage on one of the area’s prominent commercial corridors.
This assemblage combines an in-place mixed-use structure with a separately zoned adjacent stream lot, creating flexibility for redevelopment and owner-user or investor planning within the mixed zoning configuration described above.
Key Highlights
- BMX‑3 zoned lot totals 12,932 SF with an existing 7,843 SF mixed‑use building
- Adjacent A‑2 zoned stream lot totals 7,497 SF
- Street frontage along Kalakaua Avenue
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $311.5k | $39.72 |
| − Vacancy | −$15.0k | −$1.91 |
| EGI | $296.6k | $37.81 |
| − OpEx | −$89.0k | −$11.34 |
| NOI | $207.6k | $26.47 |
7,843 SF · lease $39.72/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.97M
$2.60M – $3.46M
NOI $207,600 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.18M
$2.78M – $3.71M
NOI $222,428 @ 7.0% cap · market cap 3.27%
Zoning and permitted uses should be independently verified with authorities.
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space on Kalakaua Avenue with a BMX-3 zoned lot, an existing mixed-use building, and an adjacent A-2 stream lot.
Where is this retail space located?
The property is located at 1694 Kalakaua Ave Honolulu, HI.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: BMX‑3 zoned lot totals 12,932 SF with an existing 7,843 SF mixed‑use building; Adjacent A‑2 zoned stream lot totals 7,497 SF; Street frontage along Kalakaua Avenue
