Two-Story Office
For Sale
$4,000,000
3113 Olu Street, Honolulu, HI 96816
Configured with private offices, conference rooms, open work areas, and a reception lobby.
Property Size4,480 SF
Price / SF$892.86
Days on Market41
Property Features for 3113 Olu Street
General Information
Standard status
Active
Size
4,480 SF
Property subtype
Industrial
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$31,668
Amenities
private office with shower/steam room
gated parking lot
camera security system
kitchenette
dedicated server room
Building Details
Building Size
4,480 SF
Year Built
1991
Buildings
1
Stories
2
Listing Agency:
CBI Residential Advisory Svcs.
(808) 942-7100
Listed By:
Alan J Christopher · License #RB-20664
(808) 942-7100
Source:
Careyluxury
Added: Jun 25
Changed: Aug 3
Last Checked: Aug 4 at 9:18AM
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 CBI Residential Advisory Svcs.
Investment Insights
Based on property information with market context.
This 4,480-SF office building provides two levels of professional workspace with private offices, conference rooms, open bullpen areas, and a reception and lobby area. The second floor adds a substantial open work area and two private offices. Existing improvements include a dedicated server and computer room, kitchenette, storage, custom high-density mobile filing, and office furnishings. A private executive office also includes an attached shower and steam room.
Built in 1991, the property is located at 3113 Olu Street in Honolulu, near Kapahulu Avenue and minutes from Waikiki. Retail, dining, and business services are nearby. The site includes a gated parking lot with remote-controlled entry and camera security. Flexible zoning and an adaptable office layout support professional, medical, creative, and administrative uses identified for the property.
Built in 1991, the property is located at 3113 Olu Street in Honolulu, near Kapahulu Avenue and minutes from Waikiki. Retail, dining, and business services are nearby. The site includes a gated parking lot with remote-controlled entry and camera security. Flexible zoning and an adaptable office layout support professional, medical, creative, and administrative uses identified for the property.
Key Highlights
- 4,480‑SF two‑story office building
- Private offices, conference rooms, bullpen areas, and lobby/reception space
- Second floor includes an open work area and two private offices
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 | $174.7k | $39.00 |
| − Vacancy | −$21.8k | −$4.88 |
| EGI | $152.9k | $34.13 |
| − OpEx | −$38.2k | −$8.53 |
| NOI | $114.7k | $25.59 |
4,480 SF · lease $39.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.64M
$1.43M – $1.91M
NOI $114,660 @ 7.0% cap · market cap 2.87%
Second Best
Healthcare Medical
$1.15M
$1.01M – $1.35M
NOI $80,834 @ 7.0% cap · market cap 2.02%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,053 @ 7.0% cap · market cap 3.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 96816, HI
51,586
Population
19,818
Households
2.6
Avg Household Size
45
Median Age
48%
College-Educated
94%
High-School Grad
9.6 sq mi
ZIP Area
5,374
Density / Sq Mi
$114,744
Median Household Income
$48,929
Median Earnings
$1,879
Median Rent
$1,121,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Configured with private offices, conference rooms, open work areas, and a reception lobby.
Where is this office building located?
The property is located at 3113 Olu Street Honolulu, HI.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 4,480‑SF two‑story office building; Private offices, conference rooms, bullpen areas, and lobby/reception space; Second floor includes an open work area and two private offices
