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    1988 Kalākaua Ave Honolulu, HI 96815

    For Sale
    $6,000,000

    Iconic Waikiki building, redevelopment opportunity.

    Property size:
    4,333 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional retail property at 1988 Kalakaua Avenue in Honolulu, Hawaii, presents a unique investment opportunity. The single-story building, encompassing 4,333 square feet, sits on a prime corner lot and boasts a desirable location near Fort DeRussy Beach Park. Currently configured as a single-tenant space, the property offers significant redevelopment potential under its Rescom zoning. The asking price is $6,000,000, translating to $1,384.72 per square foot. The building features approximately 2,800 square feet of usable space, complemented by five convenient parking stalls. Its prime Waikiki location offers easy access to a vibrant array of shops and restaurants, while its proximity to Fort DeRussy Beach Park enhances its appeal. The property's attractive exterior and interior, coupled with its quiet residential neighborhood setting and unobstructed Makai view, make it an exceptional investment prospect. The property's Assessed Parcel Number (APN) is 1-2-6-15-46. This is a rare chance to acquire a well-situated, versatile property in one of Honolulu's most sought-after areas. The building's existing structure provides a solid foundation for a variety of future uses, making it an ideal choice for discerning investors seeking a high-return opportunity in a thriving market.

    Property Features for 1988 Kalākaua Ave

    General Information

    Property type
    Retail properties
    Square Feet
    4,333 SF

    Building Details

    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.8323529
    Latitude
    21.2851641

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    FAQs

    What type of property is this?
    Retail property - Iconic Waikiki building, redevelopment opportunity.
    Where is this retail property located?
    The property is located at 1988 Kalākaua Ave Honolulu, HI.
    What is the asking price?
    The asking price for this property is $6,000,000.
    (808) 522-5967
    Request Owner's contact information
    1988 Kalākaua Ave Honolulu, HI 96815
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    Honolulu, HI 96815
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    Realmo Value Estimation

    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.

    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.

    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
    1988 Kalākaua Ave Honolulu, HI 96815
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