Honolulu Office Building Near
1917 Colburn Street Honolulu, HI 96819
1917 Colburn Street, Honolulu, HI, 96819
$2,495,000
For Sale
$2,495,000
Office building with convenient access to H-1 freeway and airport.
Property Size7,776 SF
Price / SF$320.86
Days on Market119
Property Features for 1917 Colburn Street
General Information
- Standard status
- Active
- Size
- 7,776 SF
- Property subtype
- Office
Listing agency
(808) 541-5184
Listed by
James Shipman · License #RB-17830
(808) 541-5184
Source
Cbre
Added: Mar 25 Updated: Jul 6 at 12:30PM Checked: Jul 21 at 5:14AM
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 James Shipman
Investment Insights
Based on property information with market context.
Located in the Kalihi area, just a block from Dillingham Boulevard, this property at 1917 Colburn Street offers convenient access to the H-1 freeway and is minutes from Honolulu’s central business district and the airport. The facility includes covered parking and an elevator servicing all floors. Air conditioning and private restrooms are available on each floor. Full floors can be occupied and/or leased to one or more tenants. Full floors can be leased individually or combined for a single tenant. Ample parking is available, along with a loading area. The property is within a short walk to the new Kalihi Rail Station site. The property size is 7776 square feet.
Key Highlights
- Convenient access to H‑1 freeway, Honolulu CBD, and the airport.
- Full floors can be occupied/leased to single or multiple tenants.
- Ample covered parking available.
Local Financial Insights For Office B
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 | $303.3k | $39.00 |
| − Vacancy | −$37.9k | −$4.88 |
| EGI | $265.4k | $34.13 |
| − OpEx | −$66.3k | −$8.53 |
| NOI | $199.0k | $25.59 |
7,776 SF · lease $39.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.84M
$2.49M – $3.32M
NOI $199,017 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.15M
$2.76M – $3.68M
NOI $220,528 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
AIM Hi
Medical Clinic
Rainbow Business Systems
(Bike/Boat/Book/etc) Store
Jeanell Corpuz
Counselor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building with convenient access to H-1 freeway and airport.
Where is this office building located?
The property is located at 1917 Colburn Street Honolulu, HI.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Convenient access to H‑1 freeway, Honolulu CBD, and the airport.; Full floors can be occupied/leased to single or multiple tenants.; Ample covered parking available.
