Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Property on Kapiolani Boulevard Title is generated by Realmo AI

    600 Kapiolani Blvd, Honolulu, HI 96813

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Mixed-use property with convenient access and abundant parking.

    Type:Retail, Office
    Added:
    Feb 26, 2020
    Days on Market:
    2292
    Last Refresh:
    May 19 at 9:05 pm

    Property Features for 600 Kapiolani Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1972

    Spaces For Lease

    at 600 Kapiolani Blvd Contact us

    We can help!

    Listing Contact
    Nora Bland

    Listing agent Nora Bland License #RS-65997

    Listing office Sofos Realty Corporation

    Listing date Feb 26, 2020

    Source Crexi

    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 Sofos Realty Corporation

    HighLights

    • Convenient access from South King Street, Kapiolani Blvd. and South Street
    • Abundant tenant and visitor parking at value rates
    • Secure building with 24‑hour tenant access via electronic key system
    • Well‑known mixed‑use property
    • Corner of Kapiolani Boulevard - South King Street and South Street
    • Operating expenses estimated at $2.07 per rentable square foot per month

    Overview

    This well-known mixed-use property offers convenient access from South King Street, Kapiolani Boulevard, and South Street. The building provides abundant tenant and visitor parking at value rates. Security features include a secure building with 24-hour tenant access via an electronic key system. The property is located at the corner of Kapiolani Boulevard, South King Street, and South Street. Operating expenses are estimated at $2.07 per rentable square foot per month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Edmund Char Dental Office Char Dental Dental Office Kaka'ako Dental Care ... Dental Office Mashimo Peter T ... Dental Office Chikasuye Carl S ... Dental Office

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.8547303
    Latitude
    21.3030251

    Nearby Similar for Lease

    • Sponsored
      $129-$6,866/Mo
      11-1,292 SF

      Waterfront

      500 Ala Moana Blvd, Unit 7400, Honolulu, HI 96813
      View Details
    • $3,909/Mo
      830 SF

      Restaurant Space in McCully District

      Restaurant space in high-traffic McCully Commercial District.
      1742 South King Street, Honolulu, HI 96826
      View Details
    • $1.35 SF/Yr
      59,021 SF

      Honolulu Office Space For Rent

      Six-story mixed-use building with renovated office and retail spaces.
      1311 Kapiolani Blvd, Honolulu, HI 96814
      View Details
    • $1.50 SF/Yr
      48,072 SF

      Hawaii Opera Plaza Office Space

      Four-story mixed-use property with performing arts studio and office spaces.
      848 S Beretania St, Honolulu, HI 96813
      View Details
    • $0.99 SF/Yr
      24,686 SF

      Centrally Located Honolulu Office Building

      Two-story office building with ample parking and convenient location.
      1259 S Beretania St, Honolulu, HI 96814
      View Details
    • $0.50 SF/Yr
      3,290 SF

      Versatile Commercial Space Available

      Warehouses and offices in a convenient Honolulu location.
      197 Sand Island Access Road, Honolulu, HI, 96819
      View Details
    • $1.20 SF/Yr
      3,013 SF

      Kakaako Commerce Center Warehouse Space

      Prime Honolulu warehouse space with convenient access and ample parking.
      875 Waimanu Street, Honolulu, HI, 96813
      View Details
    • $3,909/Mo
      4,460 SF

      Restaurant Space in McCully District

      Restaurant space in high-traffic McCully Commercial District.
      1742 South King Street, Honolulu, HI 96826
      View Details
    • $1.45 SF/Yr
      15,385 SF

      Historical Building Office Suites

      Office suites in a historical building, Chinatown location.
      90 N. King St., Honolulu, HI 96817
      View Details
    • $1.35 SF/Yr
      3,782 SF

      Kapiolani Corridor Office Space

      Office space in a convenient Kapiolani location.
      1347 Kapiolani Boulevard, Honolulu, HI, 96814
      View Details
    • $8 SF/Yr
      230 SF

      Chinatown Office Space for Rent

      Small, secure office spaces with natural light and outdoor patio.
      2 N Hotel St, Honolulu, HI 96817
      View Details
    • $3 SF/Yr
      5,120 SF

      Retail and Office Space Available

      New retail and office spaces in Kapahulu neighborhood.
      3110 Charles Street, Honolulu, HI, 96816
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with convenient access and abundant parking.
    Where is this mixed-use property located?
    The property is located at 600 Kapiolani Blvd Honolulu, HI.
    What are key features of this property?
    This property features: Convenient access from South King Street, Kapiolani Blvd. and South Street; Abundant tenant and visitor parking at value rates; Secure building with 24‑hour tenant access via electronic key system
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nora Bland
    Real Estate License ID: RS-65997
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    600 Kapiolani Blvd, Honolulu, HI 96813
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!