Two-Unit Medical Office
For Sale
$238,000
321 N Kuakini Street 410, Honolulu, HI 96817
Adjacent units near other medical facilities with parking access, including a free first hour.
Property Size1,109 SF
Days on Market176
Property Features for 321 N Kuakini Street 410
General Information
Standard status
Active
Size
1,109 SF
Property subtype
Industrial
Site & Location
Neighborhood
Chinatown
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$4,585
Building Details
Building Size
1,109 SF
Year Built
1979
Listing Agency:
Coldwell Banker Realty
Listed By:
James E Lewis · License #RB-14807
(808) 738-3904
Source:
Commercialinvestmentstrategies
Added: May 4
Changed: Oct 25
Last Checked: Oct 25 at 1:23AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This medical office offering comprises two adjacent units, 411 and 411A, which must be sold together. The units are located near the Punchbowl end of the building and are part of a property built in 1979.
The property is at 321 N Kuakini Street in Honolulu, near several other medical facilities. Parking is available with the first hour free. Unit 410 is also available separately, with the option to acquire all three units. Showings are available with 24-hour notice.
The property is at 321 N Kuakini Street in Honolulu, near several other medical facilities. Parking is available with the first hour free. Unit 410 is also available separately, with the option to acquire all three units. Showings are available with 24-hour notice.
Key Highlights
- Two adjacent medical office units, 411 and 411A, must be sold together
- Located near several other medical facilities
- Positioned near the Punchbowl end of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,010
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,200
$400.2K
Cap Rate 7%
$285,857
$285.9K
Cap Rate 9%
$222,333
$222.3K
Market Conditions
NOI Build-Up for 1,109 SF
Gross rent
$37.3K $33.60/SF
− Vacancy
−$3.9K −$3.53/SF
EGI
$33.3K $30.07/SF
− OpEx
−$13.3K −$12.03/SF
NOI
$20.0K $18.04/SF
Area
Honolulu County, HI
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,200
Cap Rate 7%
$285,857
Cap Rate 9%
$222,333
Alternative Uses
Best Use
Office B
$405.5K
$354.8K – $473.1K
NOI $28,383 @ 7.0% cap · market cap 11.93%
Second Best
Healthcare Medical
$285.9K
$250.1K – $333.5K
NOI $20,010 @ 7.0% cap · market cap 8.41%
Theoretical Best
Specialty Retail
$449.3K
$393.1K – $524.2K
NOI $31,451 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
2
Office units
Location Intelligence
Demographics for 96817, HI
56,823
Population
21,489
Households
2.6
Avg Household Size
46
Median Age
30%
College-Educated
84%
High-School Grad
9.3 sq mi
ZIP Area
6,110
Density / Sq Mi
$74,690
Median Household Income
$42,492
Median Earnings
$1,419
Median Rent
$930,000
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?
Medical Office Space - Adjacent units near other medical facilities with parking access, including a free first hour.
Where is this medical office space located?
The property is located at 321 N Kuakini Street 410 Honolulu, HI.
What is the asking price?
The asking price for this property is $238,000.
What are key features of this property?
This property features: Two adjacent medical office units, 411 and 411A, must be sold together; Located near several other medical facilities; Positioned near the Punchbowl end of the building
