Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1778 Ala Moana Blvd Honolulu, HI 96815

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    World-class retail property with income growth potential in Honolulu, Hawaii.

    Property size:
    36,956 SF

    Property Features for 1778 Ala Moana Blvd

    General Information

    Standard status
    Active
    Size
    36,956 SF

    We can help!

    Listing Contact
    Adam Attia
    Source: Crexi

    Listing Agency: Marcus & Millichap - Orange County Listing Agent: Adam Attia

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Ala Moana Boulevard Retail Opportunity

    Located at 1778 Ala Moana Boulevard, Discovery Bay is a fee-simple retail property positioned at the entrance to Waikiki. This established property serves the essential needs of 660 residential units while capturing tourist spending. The property generates approximately $1.727MM of annual NOI and has over 40 years of operating history, providing defensive cash flow with potential for NOI growth through parking income optimization. The property includes 250 parking spaces in the complex’s parking structure, producing approximately $477,000 annually at below-market rates, offering an immediate NOI enhancement opportunity. The property size is 36956 square feet.
    Location Intelligence

    Current Use by Public Records

    Enterprise Rent-A-Car Car Rental Facility Discovery Bay Condominiums Apartment Complex Discovery Bay Security Condominium Complex Victorian Tattoo Waikiki ... Tattoo & Piercing Shop Kawasaki Realty Property Management Company

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.8379041
    Latitude
    21.2852573

    Nearby Similar for Sale

    • New
      $340,000
      1,111 SF

      Waikiki Office Space For Sale

      Fee simple office space in Waikiki, close to Ala Moana.
      400 Hobron Ln, Honolulu, HI 96815
      View Details
    • $350,000

      Turnkey Chinese Restaurant in Honolulu

      Established Sichuan restaurant with high traffic location and loyal clientele.
      1450 Ala Moana Blvd, Honolulu, HI 96814
      View Details
    • $175,000
      1,048 SF

      Turnkey Restaurant in Honolulu Chinatown

      Authentic Vietnamese restaurant for sale in Honolulu's Chinatown.
      1145 Maunakea St, Honolulu, HI 96817
      View Details
    • Contact for pricing

      Turn-Key Restaurant in Honolulu

      Prime restaurant space in a high-traffic Honolulu location.
      909 Kapiolani Blvd, Honolulu, HI 96814
      View Details
    • $52,000

      Honolulu Office with City Views

      Prime corner office space with flexible layout and covered parking.
      1314 S King St, Honolulu, HI 96814
      View Details
    • $150,000

      Restaurant Space in Kaka'ako District

      Restaurant/lounge space in Honolulu's rapidly growing Kaka'ako district.
      675 Auahi St, Honolulu, HI 96813
      View Details
    • $50,000
      498 SF

      Honolulu Office Space For Sale

      Move-in-ready office space in a prime Honolulu location.
      1314 S King St, Honolulu, HI 96814
      View Details
    • $30,000
      554 SF

      Retail Store in Chinatown

      Prime retail space in Honolulu's busy Chinatown district.
      1120 Maunakea St, Honolulu, HI 96817
      View Details
    • $120,000

      Honolulu Commercial Space For Sale

      Ground-floor commercial unit in Honolulu, ideal for various business types.
      1750 Kalakaua Ave, Honolulu, HI 96826
      View Details
    • $21,000,000

      Honolulu Commercial Land with Improvements

      76+ acre Honolulu property with restaurant, theater, and retail.
      3717 Manoa Rd, Honolulu, HI 96822
      View Details
    • $250,000

      Indoor Golf Simulator Business

      Turnkey indoor golf simulator business with premium technology in Honolulu.
      1500 S King St, Honolulu, HI 96826
      View Details
    • $1,900,000
      4,400 SF

      Honolulu Warehouse in Kalihi I-2

      Warehouse in Kalihi I-2 corridor with convenient access.
      1818 Kahai St, Honolulu, HI 96819
      View Details

    FAQs

    What type of property is this?
    Shopping center - World-class retail property with income growth potential in Honolulu, Hawaii.
    Where is this shopping center located?
    The property is located at 1778 Ala Moana Blvd Honolulu, HI.
    What are key features of this property?
    This property features: - World-class retail opportunity at the beginning of Waikiki retail (1778 Ala Moana Boulevard).; - Generates approximately $1.727MM of annual NOI with a 40+ year operating history.; - Opportunity for NOI growth through long-term parking income optimization.
    Request Owner's contact information
    1778 Ala Moana Blvd Honolulu, HI 96815
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1778 Ala Moana Blvd
    Honolulu, HI 96815
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1778 Ala Moana Blvd Honolulu, HI 96815
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Adam Attia
    Real Estate License ID: RB22546
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!