Open-Plan Office
For Sale
$540,960
222 Vineyard Street #PH3, Honolulu, HI 96813
A reception area, conference rooms, storage, and multiple restrooms support a range of office layouts.
Property Size1,104 SF
Price / SF$490
Days on Market234
Property Features for 222 Vineyard Street #PH3
General Information
Standard status
Active
Size
1,104 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
34 - BMX-4 Central Business Mix
Site & Location
Neighborhood
Capitol District
Road Access
Yes
Additional Details
Asking Price
$1,194,620
Office Units
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,964
Amenities
Handicap Access
Building Details
Building Size
1,104 SF
Year Built
1981
Stories
3
Listing Agency:
JC Hawaii Realty Corp
(808) 206-8838
Listed By:
Jessica Chiu
(808) 384-2238
Source:
Jchawaiirealty
Added: Mar 5
Changed: Oct 24
Last Checked: Oct 24 at 3:03PM
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 office unit features a large open workspace complemented by conference rooms, storage, a reception area, and multiple restrooms. The building is zoned BMX-4 Central Business Mix, which supports residential or office use. The unit contains 1,104 square feet and was built in 1981.
The property is near downtown Honolulu, with street-level access from Vineyard Street via Queen Emma Street. Mountain views are also noted. Each unit has two covered parking stalls; additional parking has been rented from St. Andrews school/church. PH3 and PH4 are to be sold together, with a combined area of 2,438 square feet.
The property is near downtown Honolulu, with street-level access from Vineyard Street via Queen Emma Street. Mountain views are also noted. Each unit has two covered parking stalls; additional parking has been rented from St. Andrews school/church. PH3 and PH4 are to be sold together, with a combined area of 2,438 square feet.
Key Highlights
- 1,104‑square‑foot office unit with open workspace, conference rooms, storage, reception, and multiple restrooms
- BMX‑4 Central Business Mix zoning allows residential or office use
- Two covered parking stalls per unit; additional parking rented from St. Andrews school/church
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,256
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,120
$565.1K
Cap Rate 7%
$403,657
$403.7K
Cap Rate 9%
$313,956
$314.0K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$43.1K $39.00/SF
− Vacancy
−$5.4K −$4.88/SF
EGI
$37.7K $34.13/SF
− OpEx
−$9.4K −$8.53/SF
NOI
$28.3K $25.59/SF
Area
Honolulu County, HI
Vacancy
12.50%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,120
Cap Rate 7%
$403,657
Cap Rate 9%
$313,956
Alternative Uses
Best Use
Office B
$403.7K
$353.2K – $470.9K
NOI $28,256 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$447.3K
$391.4K – $521.8K
NOI $31,310 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Demographics for 96813, HI
27,372
Population
13,511
Households
2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
7,603
Density / Sq Mi
$87,799
Median Household Income
$57,619
Median Earnings
$1,821
Median Rent
$804,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, conference rooms, storage, and multiple restrooms support a range of office layouts.
Where is this office unit located?
The property is located at 222 Vineyard Street #PH3 Honolulu, HI.
What is the asking price?
The asking price for this property is $540,960.
What are key features of this property?
This property features: 1,104‑square‑foot office unit with open workspace, conference rooms, storage, reception, and multiple restrooms; BMX‑4 Central Business Mix zoning allows residential or office use; Two covered parking stalls per unit; additional parking rented from St. Andrews school/church
