Corner-Lot Industrial Flex
1649 Democrat St Honolulu, HI 96819
For Sale
Contact for pricing
Industrial-zoned corner lot with two income-producing structures and easy access to major transport corridors.
Property Size3,824 SF
Lot Size0.10 Acres
Price / SF$392.26
Days on Market105
Property Features for 1649 Democrat St
General Information
- Standard status
- Active
- Size
- 3,824 SF
- Lot size
- 0.10 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1944
Listing Agency:
SC Realty, LLC
(808) 398-4690
Listed By:
Justin Baptista · License #RS-81197
Source:
Crexi
Added: Apr 14
Changed: Jul 23
Last Checked: Jul 26 at 2:22PM
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 SC Realty, LLC
Investment Insights
Based on property information with market context.
This corner-lot industrial flex property includes two structures totaling approximately 3,824 sq ft on a 4,514 sq ft lot. The site is zoned I-2, which allows a wide range of commercial and industrial uses. The property is income producing and all units are currently occupied; however, notice has been given to tenants to vacate.
Conveniently located in Kalihi with easy access to Nimitz Hwy, H-1 Freeway, Airport Sand Island, and Honolulu Harbor, supporting logistics and business operations.
The current configuration provides two buildings on a single lot, offering flexibility for investors or owner-users who want an industrial-zoned site with redevelopment or repositioning potential.
Conveniently located in Kalihi with easy access to Nimitz Hwy, H-1 Freeway, Airport Sand Island, and Honolulu Harbor, supporting logistics and business operations.
The current configuration provides two buildings on a single lot, offering flexibility for investors or owner-users who want an industrial-zoned site with redevelopment or repositioning potential.
Key Highlights
- Industrial‑zoned corner‑lot income property in Kalihi with two structures totaling approximately 3,824 sq ft
- 4,514 sq ft lot with I‑2 zoning, allowing a wide range of commercial and industrial uses
- Convenient access to Nimitz Hwy, H‑1 Freeway, Airport Sand Island, and Honolulu Harbor
Financial Insights For Warehouse
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 | $72.5k | $18.96 |
| − Vacancy | −$819 | −$0.21 |
| EGI | $71.7k | $18.75 |
| − OpEx | −$10.8k | −$2.81 |
| NOI | $60.9k | $15.93 |
3,824 SF · lease $18.96/SF/yr · vacancy 1.13% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$870.4K
$761.6K – $1.02M
NOI $60,931 @ 7.0% cap · market cap 4.06%
Second Best
Flex RnD
$757.8K
$663.1K – $884.1K
NOI $53,045 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,449 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Industrial-zoned corner lot with two income-producing structures and easy access to major transport corridors.
Where is this flex space located?
The property is located at 1649 Democrat St Honolulu, HI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Industrial‑zoned corner‑lot income property in Kalihi with two structures totaling approximately 3,824 sq ft; 4,514 sq ft lot with I‑2 zoning, allowing a wide range of commercial and industrial uses; Convenient access to Nimitz Hwy, H‑1 Freeway, Airport Sand Island, and Honolulu Harbor
