Ground-Level Office Unit with
For Sale
$1,430,625
320 Uluniu Street 3, Kailua, HI 96734
Fully improved office unit with private rooms, work areas, kitchen, and breakroom.
Property Size2,289 SF
Price / SF$625
Days on Market55
Property Features for 320 Uluniu Street 3
General Information
Standard status
Active
Size
2,289 SF
Property subtype
Industrial
Site & Location
Neighborhood
Windward
Additional Details
Floor
Ground Floor
Office Units
1
Taxes and HOA fees
Annual Taxes
$16,224
Amenities
solar panels
Building Details
Building Size
2,289 SF
Year Built
1987
Buildings
1
Construction
cedar wood
Tenancy
Single
Owner Occupied
No
Listing Agency:
One Source Realty LLC
Listed By:
Evan I Scherman · License #RB-17206
(808) 368-1022
Source:
Careyluxury
Added: Sep 1
Changed: Oct 20
Last Checked: Oct 23 at 5:03PM
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 One Source Realty LLC
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Investment Insights
Based on property information with market context.
This office unit provides approximately 1,638 square feet of ground-level space plus 651 square feet of mezzanine offices. The cedar-wood building, constructed in 1987, features vaulted ceilings and an open interior arrangement. Existing improvements include multiple private offices, a computer room, storage, a private restroom, kitchen and breakroom facilities, and an open work area with cubicles. Photovoltaic solar panels are also installed.
The property is located at 320 Uluniu Street in Kailua’s central business and medical district, with vehicle and pedestrian activity noted in the surrounding area. A short-term lease is currently in place, providing an existing occupancy arrangement for an owner-user transition. The combination of ground-level access, additional mezzanine space, and established office improvements supports a range of professional business uses.
The property is located at 320 Uluniu Street in Kailua’s central business and medical district, with vehicle and pedestrian activity noted in the surrounding area. A short-term lease is currently in place, providing an existing occupancy arrangement for an owner-user transition. The combination of ground-level access, additional mezzanine space, and established office improvements supports a range of professional business uses.
Key Highlights
- Approximately 1,638 SF of ground‑level office space
- 651 SF mezzanine office area
- Cedar‑wood building with vaulted ceilings, constructed in 1987
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
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
Check the figures for this property
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 - Fully improved office unit with private rooms, work areas, kitchen, and breakroom.
Where is this office unit located?
The property is located at 320 Uluniu Street 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; 651 SF mezzanine office area; Cedar‑wood building with vaulted ceilings, constructed in 1987
