Historic Office Space on
For Sale
Contact for pricing
908 Bethel St, Honolulu, HI 96813
Prestigious office spaces in historic Yokohama Specie Bank Building.
Property Size1,000 SF
Price / SF$3
Days on Market235
Property Features for 908 Bethel St
General Information
Standard status
Active
Size
1,000 SF
Site & Location
Neighborhood
Downtown
Building Details
Year Built
1915
Listing Agency:
LNW Management, Inc.
Listed By:
Jennifer D Proulx · License #RS-79165
(661) 714-6370
Source:
Paradisebrokers
Added: Mar 5
Changed: Oct 25
Last Checked: Oct 7 at 2:43PM
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 LNW Management, Inc.
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Investment Insights
Based on property information with market context.
Prestigious office space is available for lease in the historic Yokohama Specie Bank Building, fronting Merchant Street. A variety of configurations are available on the second floor, ranging from 400 to 3500 square feet, suitable for a growing business. The building features a two-story lobby with marble stairs leading to the second-floor suites, copper-clad doors and window sashes, old-world charm lighting fixtures, and ornate molding. The space is suited for professionals desiring character and opulence. A common-area break room and restroom facilities are located at the end of the hall. Basement space is also available, close to 5000 square feet. Street parking, as well as public and private lots, are within walking distance. Mail is delivered on-site inside the lobby. The building has an electronic lock for security. Great tenants are on the street, including Murphy's Bar and Grill, Strode Montessori, Itani Athletic Club, and Welch Weeks Architects.
Key Highlights
- Prestigious office space in the historic Yokohama Specie Bank Building.
- Variety of configurations available, ranging from 400sf to 3500sf.
- Unique architectural details: two‑story lobby with marble stairs, copper‑clad doors and window sashes, ornate moulding, and old‑world charm lighting fixtures.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,594
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,880
$511.9K
Cap Rate 7%
$365,629
$365.6K
Cap Rate 9%
$284,378
$284.4K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$39.0K $39.00/SF
− Vacancy
−$4.9K −$4.88/SF
EGI
$34.1K $34.13/SF
− OpEx
−$8.5K −$8.53/SF
NOI
$25.6K $25.59/SF
Area
Honolulu County, HI
Vacancy
12.50%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,880
Cap Rate 7%
$365,629
Cap Rate 9%
$284,378
Alternative Uses
Best Use
Office B
$365.6K
$319.9K – $426.6K
NOI $25,594 @ 7.0% cap · market cap 853.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$405.1K
$354.5K – $472.7K
NOI $28,360 @ 7.0% cap · market cap 945.33%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Prestigious office spaces in historic Yokohama Specie Bank Building.
Where is this office unit located?
The property is located at 908 Bethel St Honolulu, HI.
What are key features of this property?
This property features: Prestigious office space in the historic Yokohama Specie Bank Building.; Variety of configurations available, ranging from 400sf to 3500sf.; Unique architectural details: **two‑story lobby with marble stairs, copper‑clad doors and window sashes, ornate moulding, and old‑world charm lighting fixtures.**
