Retail Space with Air
For Sale
$595,000
846 S Hotel Street 101 & 103, Honolulu, HI 96813
The two-unit property has a dedicated parking stall and its own restroom.
Property Size1,168 SF
Price / SF$509.42
Days on Market236
Property Features for 846 S Hotel Street 101 & 103
General Information
Standard status
Active
Size
1,168 SF
Total Parking Spaces
1
Property subtype
Industrial
Zoning
BMX-3
Site & Location
Neighborhood
Capitol District
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$5,338
Amenities
Central Air Conditioning
Split Air units
restroom
Security Alarm
Water Heater
Full Washer and Dryer
Building Details
Building Size
1,168 SF
Year Built
1935
Listing Agency:
Asato Properties LLC
Listed By:
Edson Loo · License #RS-70792
(808) 783-9048
Source:
Hirootsrealty
Added: Mar 12
Changed: Oct 26
Last Checked: Oct 31 at 7:08PM
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 Asato Properties LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Units 101 and 103 comprise 1,168 square feet of fee-simple retail space in a building constructed in 1935. The property is currently used as a hair salon and includes central air conditioning, split-system air conditioning, a restroom, security alarm, water heater, and full washer and dryer. One dedicated parking stall is included.
The property is zoned BMX-3 Community Business Mixed Use. The zoning permits business and long-term residential use, subject to due diligence regarding the intended use.
The property is zoned BMX-3 Community Business Mixed Use. The zoning permits business and long-term residential use, subject to due diligence regarding the intended use.
Key Highlights
- 1,168 square feet across units 101 and 103
- BMX‑3 Community Business Mixed Use zoning
- One dedicated parking stall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,916
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,320
$618.3K
Cap Rate 7%
$441,657
$441.7K
Cap Rate 9%
$343,511
$343.5K
Market Conditions
NOI Build-Up for 1,168 SF
Gross rent
$46.4K $39.72/SF
− Vacancy
−$2.2K −$1.91/SF
EGI
$44.2K $37.81/SF
− OpEx
−$13.2K −$11.34/SF
NOI
$30.9K $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%
$618,320
Cap Rate 7%
$441,657
Cap Rate 9%
$343,511
Alternative Uses
Best Use
Retail
$441.7K
$386.5K – $515.3K
NOI $30,916 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$473.2K
$414.1K – $552.1K
NOI $33,125 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Demographics for 96813, HI
27,372
Population
13,511
Households
2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
7,603
Density / Sq Mi
$87,799
Median Household Income
$57,619
Median Earnings
$1,821
Median Rent
$804,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - The two-unit property has a dedicated parking stall and its own restroom.
Where is this retail space located?
The property is located at 846 S Hotel Street 101 & 103 Honolulu, HI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,168 square feet across units 101 and 103; BMX‑3 Community Business Mixed Use zoning; One dedicated parking stall
