Medical Office with Exam
For Sale
$550,000
400 Hobron Lane #V3, Honolulu, HI 96815
The suite also has private offices, a shower-equipped restroom, and a kitchenette for day-to-day operations.
Property Size1,432 SF
Price / SF$384.08
Days on Market149
Property Features for 400 Hobron Lane #V3
General Information
Standard status
Active
Size
1,432 SF
Property subtype
Commercial
Zoning
AM - Apartment Mixed Use
Site & Location
Neighborhood
Waikiki
Additional Details
Condition
Built-Out
Office Units
1
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$4,999
Amenities
kitchenette
Bose sound system
Handicap Access
Building Details
Building Size
1,432 SF
Year Built
1977
Stories
1
Listing Agency:
JC Hawaii Realty Corp
(808) 206-8838
Listed By:
Jessica Chiu
(808) 384-2238
Source:
Jchawaiirealty
Added: May 30
Changed: Oct 24
Last Checked: Oct 24 at 2:55PM
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 JC Hawaii Realty Corp
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Investment Insights
Based on property information with market context.
This fee-simple medical office unit contains 1,432 square feet and was built in 1977. Its clinical area has six exam rooms or offices fitted with sinks, plus two separate private offices. Additional features include an interior restroom with a shower, a kitchenette, custom cabinetry, and a Bose sound system. The zoning designation is AM - Apartment Mixed Use.
The property is in Waikiki, within a mixed-use community surrounded by residential towers, retail, restaurants, entertainment, and local attractions. Public parking is available on site, with long-term parking options also offered.
The property is in Waikiki, within a mixed-use community surrounded by residential towers, retail, restaurants, entertainment, and local attractions. Public parking is available on site, with long-term parking options also offered.
Key Highlights
- Six exam rooms or offices, each with a sink
- Two additional private offices
- 1,432 SF; built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,650
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,000
$733.0K
Cap Rate 7%
$523,571
$523.6K
Cap Rate 9%
$407,222
$407.2K
Market Conditions
NOI Build-Up for 1,432 SF
Gross rent
$55.8K $39.00/SF
− Vacancy
−$7.0K −$4.88/SF
EGI
$48.9K $34.13/SF
− OpEx
−$12.2K −$8.53/SF
NOI
$36.7K $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%
$733,000
Cap Rate 7%
$523,571
Cap Rate 9%
$407,222
Alternative Uses
Best Use
Office B
$523.6K
$458.1K – $610.8K
NOI $36,650 @ 7.0% cap · market cap 6.66%
Second Best
Healthcare Medical
$369.1K
$323.0K – $430.6K
NOI $25,838 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$580.2K
$507.7K – $676.9K
NOI $40,612 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
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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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 - The suite also has private offices, a shower-equipped restroom, and a kitchenette for day-to-day operations.
Where is this medical office space located?
The property is located at 400 Hobron Lane #V3 Honolulu, HI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Six exam rooms or offices, each with a sink; Two additional private offices; 1,432 SF; built in 1977
