Mixed-Use Property with Retail and Residential
425 N King Street, Honolulu, HI 96817
For Sale
New
$13,500,000
BMX-3 zoning and a varied existing unit mix support retail and residential uses.
Property Size29,568 SF
Lot Size0.75 Acres
Price / SF$456.57
Days on Market5
Property Features for 425 N King Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Excel Commercial Realty LLC
Listed By:
Kynan Pang · License HI RB-23513
(808) 225-8776
Source:
Commercialinvestmentstrategies
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:18PM
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 Excel Commercial Realty LLC
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Investment Insights
Based on property information with market context.
At 425 N King Street, the property contains 29,568 square feet of building area on approximately 32,526 square feet of land. The existing configuration includes 10 retail spaces, 42 rooming units, and 14 two-bedroom, one-bathroom apartments, along with 38 parking stalls. The building dates to 1921 and is zoned BMX-3.
The property is west of Honolulu’s Central Business District and Chinatown, with access to both areas. It is near planned rail transit and within the Iwilei-Kuwili neighborhood, where city planning efforts envision a mixed-use district shaped by housing, transportation, infrastructure, and public space improvements.
The property is west of Honolulu’s Central Business District and Chinatown, with access to both areas. It is near planned rail transit and within the Iwilei-Kuwili neighborhood, where city planning efforts envision a mixed-use district shaped by housing, transportation, infrastructure, and public space improvements.
Key Highlights
- 29,568 square feet of existing building area on approximately 32,526 square feet of land
- 10 retail spaces, 42 rooming units, and 14 two‑bedroom/one‑bathroom apartments
- 38 parking stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$782,647
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,652,940
$15.7M
Cap Rate 7%
$11,180,671
$11.2M
Cap Rate 9%
$8,696,078
$8.7M
Market Conditions
NOI Build-Up for 29,568 SF
Gross rent
$1.17M $39.72/SF
− Vacancy
−$56.4K −$1.91/SF
EGI
$1.12M $37.81/SF
− OpEx
−$335.4K −$11.34/SF
NOI
$782.6K $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%
$15,652,940
Cap Rate 7%
$11,180,671
Cap Rate 9%
$8,696,078
Alternative Uses
Best Use
Retail
$11.18M
$9.78M – $13.04M
NOI $782,647 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$7.74M
$6.78M – $9.04M
NOI $542,123 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$11.98M
$10.48M – $13.98M
NOI $838,551 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
56
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
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
Properties on Market for Mixed-use properties in Honolulu
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - BMX-3 zoning and a varied existing unit mix support retail and residential uses.
Where is this mixed-use property located?
The property is located at 425 N King Street Honolulu, HI.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: 29,568 square feet of existing building area on approximately 32,526 square feet of land; 10 retail spaces, 42 rooming units, and 14 two‑bedroom/one‑bathroom apartments; 38 parking stalls
