Retail Strip Center with Four
For Sale
$1,850,000
2046 N King Street, Honolulu, HI 96819
BMX-3 zoning allows retail, service, professional and other commercial operations.
Property Size2,432 SF
Price / SF$760.69
Days on Market269
Property Features for 2046 N King Street
General Information
Standard status
Active
Size
2,432 SF
Total Parking Spaces
9
Property subtype
Commercial
Zoning
33 - BMX-3 Community Business M
Site & Location
Neighborhood
Kapiolani
Taxes and HOA fees
Annual Taxes
$9,624
Building Details
Building Size
2,432 SF
Year Built
1980
Stories
1
Units
4
Listing Agency:
JC Hawaii Realty Corp
(808) 206-8838
Listed By:
Jessica Chiu
(808) 384-2238
Source:
Jchawaiirealty
Added: Jan 29
Changed: Oct 24
Last Checked: Oct 24 at 2:48PM
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 JC Hawaii Realty Corp
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Investment Insights
Based on property information with market context.
This Honolulu retail strip center contains four commercial spaces, with one currently vacant. Built in 1980, the property is zoned 33 - BMX-3 Community Business M, a designation associated with retail, service, professional and other commercial operations. Ample parking serves the property.
At 2046 N King Street, the center is a few minutes from Honolulu’s Central Business District, the airport, piers, hospitals and military bases.
At 2046 N King Street, the center is a few minutes from Honolulu’s Central Business District, the airport, piers, hospitals and military bases.
Key Highlights
- Four commercial spaces; one is currently vacant
- Zoned 33 - BMX‑3 Community Business M
- Ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,374
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,480
$1.3M
Cap Rate 7%
$919,629
$919.6K
Cap Rate 9%
$715,267
$715.3K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$96.6K $39.72/SF
− Vacancy
−$4.6K −$1.91/SF
EGI
$92.0K $37.81/SF
− OpEx
−$27.6K −$11.34/SF
NOI
$64.4K $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%
$1,287,480
Cap Rate 7%
$919,629
Cap Rate 9%
$715,267
Alternative Uses
Best Use
Retail
$919.6K
$804.7K – $1.07M
NOI $64,374 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$985.3K
$862.2K – $1.15M
NOI $68,972 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 96819, HI
53,334
Population
13,287
Households
4
Avg Household Size
39
Median Age
22%
College-Educated
84%
High-School Grad
21.8 sq mi
ZIP Area
2,447
Density / Sq Mi
$96,346
Median Household Income
$40,897
Median Earnings
$1,789
Median Rent
$963,900
Median Home Value
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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?
Strip mall - BMX-3 zoning allows retail, service, professional and other commercial operations.
Where is this strip mall located?
The property is located at 2046 N King Street Honolulu, HI.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Four commercial spaces; one is currently vacant; Zoned 33 - BMX‑3 Community Business M; Ample parking
