Two-Story Live-Work
For Sale
$1,200,000
Pending
1647 Liliha Street, Honolulu, HI 96817
Mixed-use property with commercial space below and a three-bedroom residential unit above.
Property Size2,280 SF
Days on Market23
Property Features for 1647 Liliha Street
General Information
Standard status
Pending
Size
2,280 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$11,916
Building Details
Building Size
2,280 SF
Year Built
1983
Listing Agency:
Locations LLC
Listed By:
Russell K Nishimoto · License #RB-10963
(808) 226-6066
Source:
Commercialinvestmentstrategies
Added: Sep 14
Changed: Oct 3
Last Checked: Oct 5 at 10:07PM
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 Locations LLC
Investment Insights
Based on property information with market context.
This two-story live-work property combines two separate commercial spaces on the ground floor with a residential unit upstairs. The lower level includes one full bathroom, one half bathroom, and a kitchenette, while the upper level is configured as a three-bedroom, one-bath residence. The layout supports business use on the ground floor with living space directly above.
Located at 1647 Liliha Street in Honolulu, the property includes four covered parking stalls, with the source noting that a fifth may be possible depending on vehicle size. Built in 1983, the property offers a combined commercial and residential configuration within a single building.
Located at 1647 Liliha Street in Honolulu, the property includes four covered parking stalls, with the source noting that a fifth may be possible depending on vehicle size. Built in 1983, the property offers a combined commercial and residential configuration within a single building.
Key Highlights
- Two separate commercial spaces occupy the ground floor
- Three‑bedroom, one‑bath residential unit on the second floor
- Ground floor includes one full bath, one half bath, and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,350
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,000
$1.2M
Cap Rate 7%
$862,143
$862.1K
Cap Rate 9%
$670,556
$670.6K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$90.6K $39.72/SF
− Vacancy
−$4.3K −$1.91/SF
EGI
$86.2K $37.81/SF
− OpEx
−$25.9K −$11.34/SF
NOI
$60.4K $26.47/SF
Area
Honolulu County, HI
Vacancy
4.80%
Lease Rate
$39.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,000
Cap Rate 7%
$862,143
Cap Rate 9%
$670,556
Alternative Uses
Best Use
Retail
$862.1K
$754.4K – $1.01M
NOI $60,350 @ 7.0% cap · market cap 5.03%
Second Best
Office B
$833.6K
$729.4K – $972.6K
NOI $58,354 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$923.7K
$808.3K – $1.08M
NOI $64,661 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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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?
Live-work space - Mixed-use property with commercial space below and a three-bedroom residential unit above.
Where is this live-work space located?
The property is located at 1647 Liliha Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two separate commercial spaces occupy the ground floor; Three‑bedroom, one‑bath residential unit on the second floor; Ground floor includes one full bath, one half bath, and a kitchenette
