Chinatown Mixed-Use Building For
905 Kekaulike St, Honolulu, HI 96817
Mixed-use building in Honolulu's Chinatown, near planned rail station.
Type:Retail, Multifamily, Office, Industrial, Hospitality, Mixed Use
Property size:
12,833 SFLot size:
0.18 AcresPrice / SF:
$311/SF- Added:
- Feb 13, 2026
- Days on Market:
- 134
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 905 Kekaulike St
General Information
- Standard status
- Active
- Size
- 12,833 SF
- Lot size
- 0.18 Acres
- Property subtype
- Retail, Multifamily, Office, Industrial, Hospitality, Mixed Use
Building Details
- Year Built
- 1930
Listing office I2C Realty Ltd.
Listing date Feb 13, 2026
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 I2C Realty Ltd.
HighLights
- Prime visibility frontage at the corner of Nimitz Highway and Kekaulike St. in the Chinatown Special District.
- BMX4 Central Business Mixed Use zoning with 80' height limit.
- Located across the street from planned Chinatown rail station.
- Potential harbor & ocean views.
- In Downtown Neighborhood Transit Oriented Development (TOD) plan proposing a 200' height limit and 4.0 to 7.5 Floor Area Ratio.
- Large building size: Approximately 12,833 sf concrete building.
Overview
Located at 905 Kekaulike St. in Honolulu, HI, this mixed-use property features approximately 12,833 square feet of building space on a 7,721 square foot fee simple land parcel. Constructed in 1930, the concrete building is situated in the Chinatown Special District, offering prime visibility at the corner of Nimitz Highway and Kekaulike St. The property is zoned BMX4 Central Business Mixed Use, with an 80-foot height limit. It is also located within the Downtown Neighborhood Transit Oriented Development (TOD) plan, adopted by the City Council on 9/6/17, which proposes a 200-foot height limit and a 4.0 to 7.5 Floor Area Ratio. Potential harbor and ocean views may be possible. The property is located across the street from the planned Chinatown rail station. The tax assessor's office indicates approximately 5,392 square feet on the 1st floor, 2,049 square feet on the mezzanine, and 5,392 square feet on the 2nd floor. The property is located in Chinatown's historic district. Occupants include a bar and residences. The property is to be sold in its existing 'as is' condition.
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 | $509.7k | $39.72 |
| − Vacancy | −$24.5k | −$1.91 |
| EGI | $485.3k | $37.81 |
| − OpEx | −$145.6k | −$11.34 |
| NOI | $339.7k | $26.47 |
12,833 SF · lease $39.72/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.85M
$4.25M – $5.66M
NOI $339,682 @ 7.0% cap · market cap 8.49%
Second Best
Office B
$4.69M
$4.11M – $5.47M
NOI $328,445 @ 7.0% cap · market cap 8.21%
Theoretical Best
Specialty Retail
$5.20M
$4.55M – $6.07M
NOI $363,945 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Map
- City
- Honolulu
- County
- Honolulu
- State
- Hawaii
- Longitude
- -157.8647383
- Latitude
- 21.3119309
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building in Honolulu's Chinatown, near planned rail station.
Where is this mixed-use property located?
The property is located at 905 Kekaulike St Honolulu, HI.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Prime visibility frontage at the corner of Nimitz Highway and Kekaulike St. in the Chinatown Special District.; BMX4 Central Business Mixed Use zoning with 80' height limit.; Located across the street from planned Chinatown rail station.
