Kapiolani Blvd Commercial Property For
For Sale
Contact for pricing
2836 Kapiolani Blvd, Honolulu, HI 96826
Commercial property with high visibility and convenient access for sale.
Property Size3,284 SF
Price / SF$875.46
Days on Market816
Property Features for 2836 Kapiolani Blvd
General Information
Standard status
Active
Size
3,284 SF
Property subtype
Retail
Zoning
B-2, Community Business
Building Details
Year Built
1966
Year Renovated
2006
Buildings
1
Stories
1
Listing Agency:
Cushman & Wakefield ChaneyBrooks
Listed By:
Ryan Sakaguchi · License #HI 20653
Source:
Crexi
Added: Jul 12, 2024
Changed: Sep 9
Last Checked: Oct 4 at 8:24AM
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 Cushman & Wakefield ChaneyBrooks
Investment Insights
Based on property information with market context.
This commercial property offers approximately 90 linear feet of frontage and high visibility on Kapiolani Boulevard, where over 22,000 cars pass daily. The property is located within walking distance of the planned Kuilei Place condominium units, which are expected to bring an increase of households to the area. Situated less than a quarter mile from freeway entrances and exits, the property provides convenient access for employees and customers. The property is suitable for a wide range of businesses. The property has 3,284 square feet of space.
Key Highlights
- High visibility with approximately 90 linear feet of frontage and 22,000+ daily car traffic.
- Close proximity to planned Kuilei Place condominium development (1,000+ units).
- Convenient access to freeway entrances and exits.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,926
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,738,520
$1.7M
Cap Rate 7%
$1,241,800
$1.2M
Cap Rate 9%
$965,844
$965.8K
Market Conditions
NOI Build-Up for 3,284 SF
Gross rent
$130.4K $39.72/SF
− Vacancy
−$6.3K −$1.91/SF
EGI
$124.2K $37.81/SF
− OpEx
−$37.3K −$11.34/SF
NOI
$86.9K $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%
$1,738,520
Cap Rate 7%
$1,241,800
Cap Rate 9%
$965,844
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $86,926 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $93,135 @ 7.0% cap · market cap 3.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property with high visibility and convenient access for sale.
Where is this storefront property located?
The property is located at 2836 Kapiolani Blvd Honolulu, HI.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: High visibility with approximately 90 linear feet of frontage and 22,000+ daily car traffic.; Close proximity to planned Kuilei Place condominium development (1,000+ units).; Convenient access to freeway entrances and exits.
