Mixed-Use Retail
846 S Hotel Street Unit 101 & 10 Honolulu, HI 96813
846 S Hotel Street Unit 101 & 10, Honolulu, HI, 96813
$595,000
For Sale
$595,000
Fee simple units 101 and 103 are in excellent condition with central air, split A/C, and in-unit laundry.
Property Size1,168 SF
Price / SF$509.42
Days on Market166
Property Features for 846 S Hotel Street Unit 101 & 10
General Information
- Standard status
- Active
- Size
- 1,168 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1935
Listing agency
Asato Properties LLC
(808) 783-9048
Listed by
Edson Loo
(808) 783-9048
Source
Xome
Added: Feb 6 Updated: Jul 22 at 11:43AM Checked: Jul 22 at 11:43AM
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
Investment Insights
Based on property information with market context.
Thomas Square Centre offers fee simple units 101 and 103. The space is currently used as a hair salon and presents in excellent condition, with central air conditioning and split A/C. The units include a dedicated restroom, a security alarm, a water heater, and a full washer and dryer, supporting day-to-day operations.
The property is located in Central Honolulu and is zoned BMX-3 Community Business Mixed Use. It includes one dedicated parking stall. As noted in the remarks, it may support business and long-term residential use, subject to buyer due diligence regarding intended use.
The offering includes two units within the same mixed-use center, currently configured for salon use with dedicated in-unit improvements and equipment for comfort and convenience.
The property is located in Central Honolulu and is zoned BMX-3 Community Business Mixed Use. It includes one dedicated parking stall. As noted in the remarks, it may support business and long-term residential use, subject to buyer due diligence regarding intended use.
The offering includes two units within the same mixed-use center, currently configured for salon use with dedicated in-unit improvements and equipment for comfort and convenience.
Key Highlights
- Fee simple units 101 and 103 in Central Honolulu
- Currently used as a hair salon; includes one dedicated parking stall
- Central air plus split A/C, with concrete flooring throughout
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.4k | $39.72 |
| − Vacancy | −$2.2k | −$1.91 |
| EGI | $44.2k | $37.81 |
| − OpEx | −$13.2k | −$11.34 |
| NOI | $30.9k | $26.47 |
1,168 SF · lease $39.72/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$441.7K
$386.5K – $515.3K
NOI $30,916 @ 7.0% cap · market cap 5.20%
Second Best
Mixed Use
$287.8K
$251.9K – $335.8K
NOI $20,148 @ 7.0% cap · market cap 3.39%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Dawn Minaai
Physician
Allied Universal® Security ...
Security Service
McClellan Richard Paul ...
Law Firm
Dr. Susan Price
Physician
Dr. Kiyotaka Yazawa
Pediatrician
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FAQs
What type of property is this?
Mixed-use property - Fee simple units 101 and 103 are in excellent condition with central air, split A/C, and in-unit laundry.
Where is this mixed-use property located?
The property is located at 846 S Hotel Street Unit 101 & 10 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: Fee simple units 101 and 103 in Central Honolulu; Currently used as a hair salon; includes one dedicated parking stall; Central air plus split A/C, with concrete flooring throughout
