Mixed-Use Commercial
400 Hobron Lane 411, Honolulu, HI 96815
For Sale
$250,000
Flexible interior offers an open workspace plus two enclosed sections with doors.
Property Size716 SF
Price / SF$349.16
Days on Market53
Property Features for 400 Hobron Lane 411
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Advisors Realty
Listed By:
Andrew YD Leong · License HI RB-21696
(808) 230-3017
Source:
Commercialinvestmentstrategies
Added: Sep 19
Changed: Nov 2
Last Checked: Nov 8 at 1:46PM
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 Advisors Realty
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Investment Insights
Based on property information with market context.
This 716-square-foot commercial condominium is located within Eaton Square Shopping Center, a garden-style office and retail development. Built in 1977, the unit provides an open central area along with two semi-partitioned sections that include doors, creating a practical layout for office, retail, or other commercial use supported by the property’s mixed-use classification.
The property is situated at 400 Hobron Lane in West Waikiki, Honolulu. Its placement within an established shopping center combines a commercial condominium format with an adaptable interior configuration.
The property is situated at 400 Hobron Lane in West Waikiki, Honolulu. Its placement within an established shopping center combines a commercial condominium format with an adaptable interior configuration.
Key Highlights
- 716‑square‑foot commercial condominium unit
- Located in Eaton Square Shopping Center
- Open central area with two semi‑partitioned sections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,952
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,040
$379.0K
Cap Rate 7%
$270,743
$270.7K
Cap Rate 9%
$210,578
$210.6K
Market Conditions
NOI Build-Up for 716 SF
Gross rent
$28.4K $39.72/SF
− Vacancy
−$1.4K −$1.91/SF
EGI
$27.1K $37.81/SF
− OpEx
−$8.1K −$11.34/SF
NOI
$19.0K $26.47/SF
Area
Honolulu County, HI
Vacancy
4.80%
Lease Rate
$39.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,040
Cap Rate 7%
$270,743
Cap Rate 9%
$210,578
Alternative Uses
Best Use
Retail
$270.7K
$236.9K – $315.9K
NOI $18,952 @ 7.0% cap · market cap 7.58%
Second Best
Mixed Use
$178.4K
$156.1K – $208.1K
NOI $12,485 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$290.1K
$253.8K – $338.4K
NOI $20,306 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 96815, HI
28,786
Population
22,804
Households
1.3
Avg Household Size
48
Median Age
47%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
13,085
Density / Sq Mi
$75,020
Median Household Income
$55,543
Median Earnings
$1,903
Median Rent
$627,600
Median Home Value
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Market
Properties on Market for Mixed-use properties in Honolulu
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible interior offers an open workspace plus two enclosed sections with doors.
Where is this mixed-use property located?
The property is located at 400 Hobron Lane 411 Honolulu, HI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 716‑square‑foot commercial condominium unit; Located in Eaton Square Shopping Center; Open central area with two semi‑partitioned sections
