Warehouse and Office Flex
New
For Sale
$3,150,000
1585A Hau Street, Honolulu, HI 96817
The concrete building combines warehouse, office, and mezzanine areas, with near-term occupancy available for an owner-user.
Property Size8,876 SF
Price / SF$354.89
Days on Market1
Property Features for 1585A Hau Street
General Information
Standard status
Active
Size
8,876 SF
Property subtype
Industrial
Building Details
Construction
concrete
Listed By:
Nicholas Adler · License #RS-78419
(808) 541-5149
Source:
Cbre
Added: Oct 19
Last Checked: Oct 19 at 2:25PM
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 Nicholas Adler
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.
This fee-simple flex property at 1585A Hau Street contains 8,876 square feet in a concrete warehouse and office building. Its layout includes warehouse, office, and mezzanine space, and near-term occupancy is available for an owner-user.
Located in Honolulu’s Kalihi area, the property is offered for sale.
Located in Honolulu’s Kalihi area, the property is offered for sale.
Key Highlights
- 8,876‑square‑foot concrete warehouse and office property
- Warehouse, office, and mezzanine areas
- Near‑term occupancy available for an owner‑user
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,429
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,828,580
$2.8M
Cap Rate 7%
$2,020,414
$2.0M
Cap Rate 9%
$1,571,433
$1.6M
Market Conditions
NOI Build-Up for 8,876 SF
Gross rent
$168.3K $18.96/SF
− Vacancy
−$1.9K −$0.21/SF
EGI
$166.4K $18.75/SF
− OpEx
−$25.0K −$2.81/SF
NOI
$141.4K $15.93/SF
Area
Honolulu County, HI
Vacancy
1.13%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,828,580
Cap Rate 7%
$2,020,414
Cap Rate 9%
$1,571,433
Alternative Uses
Best Use
Warehouse
$2.02M
$1.77M – $2.36M
NOI $141,429 @ 7.0% cap · market cap 4.49%
Second Best
Flex RnD
$1.76M
$1.54M – $2.05M
NOI $123,124 @ 7.0% cap · market cap 3.91%
Theoretical Best
Specialty Retail
$3.60M
$3.15M – $4.20M
NOI $251,724 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Demographics for 96817, HI
56,823
Population
21,489
Households
2.6
Avg Household Size
46
Median Age
30%
College-Educated
84%
High-School Grad
9.3 sq mi
ZIP Area
6,110
Density / Sq Mi
$74,690
Median Household Income
$42,492
Median Earnings
$1,419
Median Rent
$930,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - The concrete building combines warehouse, office, and mezzanine areas, with near-term occupancy available for an owner-user.
Where is this flex space located?
The property is located at 1585A Hau Street Honolulu, HI.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 8,876‑square‑foot concrete warehouse and office property; Warehouse, office, and mezzanine areas; Near‑term occupancy available for an owner‑user
