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    931 University Ave Honolulu, HI 96826

    For Sale
    $295,000

    7 Units, Honolulu, Prime Location

    Property size:
    571 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity in Honolulu's University Plaza! This offering presents seven fee-simple commercial condos, each currently occupied by a tenant, located on the second floor of a three-story walk-up building. Units range from 571 to 642 square feet and boast open floor plans ideal for office or retail use. The building, constructed in 1959, sits on a 0.81-acre lot and is zoned BMX-3. This rare opportunity is perfect for owner-users and investors seeking a prime location between the University of Hawaii at Manoa and Waikiki. Each unit is priced at $295,000, offering a compelling return on investment. The property features a single building with three stories and a total of seven units. The address is 931 University Ave, Honolulu, HI 96826. This is a unique chance to acquire established commercial real estate in a high-demand area. The property's convenient location and flexible space make it an attractive option for a variety of businesses. Don't miss this chance to own a piece of Honolulu's vibrant commercial landscape.

    Property Features for 931 University Ave

    General Information

    Property type
    Office space
    Square Feet
    571 SF
    Lot Size
    35,284 SF

    Building Details

    Year Built
    1959
    Buildings
    1
    Stories
    3
    Units
    7

    HighLights

    • Fee simple commercial condo ownership in University Plaza.
    • Second‑floor unit in a three‑story walk‑up building.
    • Open floor plans suitable for office or retail use.
    • Prime location between UH Manoa and Waikiki, ideal for owner‑users and investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    L & L Franchise, ... Marketing Consultant Eddie Flores Real ... Real Estate School Dan Y.W. Au ... Insurance Agency Allstate Personal Financial ... Financial Consultant Nail story Nail Salon

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.82234738838
    Latitude
    21.291179437111

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    FAQs

    What type of property is this?
    Office space - 7 Units, Honolulu, Prime Location
    Where is this office space located?
    The property is located at 931 University Ave Honolulu, HI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Fee simple commercial condo ownership in University Plaza.; Second-floor unit in a three-story walk-up building.; Open floor plans suitable for office or retail use.
    Request Owner's contact information
    931 University Ave Honolulu, HI 96826
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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
    931 University Ave Honolulu, HI 96826
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