Honolulu Office Building For
1542 Young St Honolulu, HI 96826
1542 Young St, Honolulu, HI, 96826
Contact for pricing
For Sale
Contact for pricing
Three-story Honolulu building with versatile space and redevelopment potential.
Property Size14,718 SF
Price / SF$319.34
Days on Market608
Property Features for 1542 Young St
General Information
- Standard status
- Active
- Size
- 14,718 SF
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1986
Listing agency
NAI CBI Hawaii
(808) 271-4697
Listed by
Brant Yasaka · License #HI68051
Source
Crexi
Added: Nov 20, 2024 Updated: Jul 6 at 8:27AM Checked: Jul 21 at 4:08AM
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 NAI CBI Hawaii
Investment Insights
Based on property information with market context.
The Imperial Business Plaza, located at 1542 Young St. Honolulu, HI 96826, is a three-story, free-standing building offering 14,718 square feet of versatile space. The property features ground-level parking and two floors currently utilized for office use. Zoned BMX-3 and situated in McCully, this masonry building is ideal for an owner-user or potential multi-family redevelopment. The property has 27 parking stalls and is located just off Kalakaua Ave, providing easy access to the H-1 Freeway. It is also within 5 minutes of downtown Honolulu, Waikiki, and the University of Hawaii.
Key Highlights
- Prime Honolulu location, easy access to H‑1 Freeway, downtown, Waikiki, and University of Hawaii.
- Fee‑simple, free‑standing three‑story building with 14,718 SF of versatile space.
- Potential for multi‑family redevelopment under Bill 7.
Local Financial Insights For Office B
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 | $574.0k | $39.00 |
| − Vacancy | −$71.8k | −$4.88 |
| EGI | $502.3k | $34.13 |
| − OpEx | −$125.6k | −$8.53 |
| NOI | $376.7k | $25.59 |
14,718 SF · lease $39.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.38M
$4.71M – $6.28M
NOI $376,689 @ 7.0% cap · market cap 8.01%
Second Best
Mixed Use
$3.63M
$3.17M – $4.23M
NOI $253,886 @ 7.0% cap · market cap 5.40%
Theoretical Best
Specialty Retail
$5.96M
$5.22M – $6.96M
NOI $417,404 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
H & O-III Inc
Law Firm
E M International ...
Real Estate Agency
POS Hawaii
Business Management Consultant
Pacific Business Services ...
IT Consulting Firm
Media Bucket Hawaii
Film Production
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Three-story Honolulu building with versatile space and redevelopment potential.
Where is this office building located?
The property is located at 1542 Young St Honolulu, HI.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Prime Honolulu location, easy access to H‑1 Freeway, downtown, Waikiki, and University of Hawaii.; Fee‑simple, free‑standing three‑story building with 14,718 SF of versatile space.; Potential for multi‑family redevelopment under Bill 7.
