Medical Office Corner
For Sale
$238,000
321 N Kuakini Street #410, Honolulu, HI 96817
A reception and waiting area connects to five rooms, including one with a partially lead-shielded wall.
Property Size1,109 SF
Price / SF$214.61
Days on Market175
Property Features for 321 N Kuakini Street #410
General Information
Standard status
Active
Size
1,109 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
11 - A-1 Low Density Apartment
Site & Location
Neighborhood
Chinatown
Additional Details
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$4,585
Building Details
Building Size
1,109 SF
Year Built
1979
Stories
1
Units
1
Listing Agency:
Coldwell Banker Realty
Listed By:
James E Lewis · License #RB-14807
(808) 738-3904
Source:
Jchawaiirealty
Added: May 4
Changed: Oct 24
Last Checked: Oct 24 at 3:04PM
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 1,109-square-foot medical office is a corner suite in Kuakini Medical Plaza, at 321 N Kuakini Street, Suite 410, in Honolulu. The layout includes a reception and waiting area, five rooms, and three large windows. One room has a partially partitioned, lead-shielded wall. The building dates to 1979, and the listed zoning is 11 - A-1 Low Density Apartment.
The suite is positioned at the Punchbowl end of the building. Several other medical facilities are nearby, and parking offers the first hour free.
The suite is positioned at the Punchbowl end of the building. Several other medical facilities are nearby, and parking offers the first hour free.
Key Highlights
- 1,109‑square‑foot corner medical office suite
- Reception and waiting area with five rooms
- Three large windows
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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Current Use
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
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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 - A reception and waiting area connects to five rooms, including one with a partially lead-shielded wall.
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: 1,109‑square‑foot corner medical office suite; Reception and waiting area with five rooms; Three large windows
