Retail Space with Mixed-Use
For Sale
$6,800,000
1694 Kalakaua Avenue, 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 Size15,340 SF
Price / SF$867.02
Days on Market123
Property Features for 1694 Kalakaua Avenue
General Information
Standard status
Active
Size
15,340 SF
Property subtype
Industrial
Site & Location
Neighborhood
Kapiolani
Taxes and HOA fees
Annual Taxes
$64,052
Building Details
Building Size
15,340 SF
Year Built
1948
Buildings
1
Listing Agency:
Coldwell Banker Comm Realty
Listed By:
Jordan P Chow · License #RB-21901
(808) 392-1906
Source:
Commercialinvestmentstrategies
Added: Jun 25
Changed: Oct 24
Last Checked: Oct 24 at 10:23PM
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 Comm Realty
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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
Estimated NOI and Cap Rate
NOI / Yr
$207,600
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,152,000
$4.2M
Cap Rate 7%
$2,965,714
$3.0M
Cap Rate 9%
$2,306,667
$2.3M
Market Conditions
NOI Build-Up for 7,843 SF
Gross rent
$311.5K $39.72/SF
− Vacancy
−$15.0K −$1.91/SF
EGI
$296.6K $37.81/SF
− OpEx
−$89.0K −$11.34/SF
NOI
$207.6K $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%
$4,152,000
Cap Rate 7%
$2,965,714
Cap Rate 9%
$2,306,667
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.
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Property Analytics
Who owns this building?
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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 Avenue 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
