Improved Office Unit with
For Sale
$1,430,625
320 Uluniu Street #3 3, Kailua, HI 96734
Ground-level office space with private rooms, work areas, a kitchen, and photovoltaic solar panels.
Property Size2,289 SF
Price / SF$625
Days on Market49
Property Features for 320 Uluniu Street #3 3
General Information
Standard status
Active
Size
2,289 SF
Site & Location
Neighborhood
Windward
Additional Details
Floor
Ground & Mezzanine
Amenities
solar panels
vaulted ceilings
Building Details
Buildings
1
Construction
cedar wood
Listing Agency:
One Source Realty LLC
Listed By:
Evan I Scherman · License #RB-17206
(808) 368-1022
Source:
Irhawaii
Added: Sep 15
Changed: Oct 25
Last Checked: Nov 1 at 5:16AM
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 One Source Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This improved office unit at 320 Uluniu Street #3 includes approximately 1,638 square feet of ground-level space and an additional 651 square feet of mezzanine office area. The cedar wood building has vaulted ceilings and an open interior arrangement. The layout includes multiple private offices, an open work area with cubicles, a kitchen and breakroom, private restroom, computer room, and storage room. Photovoltaic solar panels are also installed at the property.
The unit is located in Kailua’s central business and medical district, with vehicle and pedestrian activity noted in the surrounding area. A current short-term lease is in place, providing a defined occupancy arrangement for an incoming owner-user or other office occupant.
The unit is located in Kailua’s central business and medical district, with vehicle and pedestrian activity noted in the surrounding area. A current short-term lease is in place, providing a defined occupancy arrangement for an incoming owner-user or other office occupant.
Key Highlights
- Approximately 1,638 SF of ground‑level office space
- Additional 651 SF mezzanine office area
- Cedar wood building with vaulted, open ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,584
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,171,680
$1.2M
Cap Rate 7%
$836,914
$836.9K
Cap Rate 9%
$650,933
$650.9K
Market Conditions
NOI Build-Up for 2,289 SF
Gross rent
$89.3K $39.00/SF
− Vacancy
−$11.2K −$4.88/SF
EGI
$78.1K $34.13/SF
− OpEx
−$19.5K −$8.53/SF
NOI
$58.6K $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%
$1,171,680
Cap Rate 7%
$836,914
Cap Rate 9%
$650,933
Alternative Uses
Best Use
Office B
$836.9K
$732.3K – $976.4K
NOI $58,584 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$927.4K
$811.5K – $1.08M
NOI $64,916 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Demographics for 96734, HI
49,922
Population
18,208
Households
2.7
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
21.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$131,554
Median Household Income
$56,374
Median Earnings
$3,297
Median Rent
$1,246,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Ground-level office space with private rooms, work areas, a kitchen, and photovoltaic solar panels.
Where is this office unit located?
The property is located at 320 Uluniu Street #3 3 Kailua, HI.
What is the asking price?
The asking price for this property is $1,430,625.
What are key features of this property?
This property features: Approximately 1,638 SF of ground‑level office space; Additional 651 SF mezzanine office area; Cedar wood building with vaulted, open ceilings
