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    2131 Kalakaua Ave Honolulu, HI 96815

    For Lease
    $120 SF/Yr

    Prime Waikiki retail space available.

    Lot size:
    4,042 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    Polynesian Plaza, located at 2131 Kalakaua Avenue in Honolulu, Hawaii (zip code 96815), offers a unique retail opportunity in the heart of Waikiki. This Honolulu County property boasts a total of 4,042 square feet of retail space, currently entirely vacant and available for lease. The space is adaptable to various business needs, with a minimum divisible unit of 420 square feet and a maximum contiguous space of 3,622 square feet. The building is situated on the makai side of Kalakaua Avenue, Waikiki's main commercial and hotel thoroughfare. This vibrant district is known for its high-end retailers, diverse restaurants, lively nightlife, and abundant entertainment options, creating a high-traffic environment ideal for businesses seeking significant visibility and customer interaction. The property's location within Waikiki's bustling shopping, resort, and residential area presents a compelling opportunity for businesses looking to establish a presence in a high-demand market. The address is easily accessible and benefits from the high pedestrian and vehicular traffic characteristic of this premier Waikiki location. This is a multi-tenant building, offering flexibility for businesses of various sizes. The property's prime location and ample space make it an exceptional investment opportunity.

    Property Features for 2131 Kalakaua Ave

    General Information

    Property type
    Hotels
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,042 SF
    Total Rate
    40420

    Unit(s) available at that property

    Space
    Suite 5&6
    Size
    3,622 SF
    Rate per SF
    $216

    HighLights

    • Exceptional location in a premier tourist destination.
    • High visibility on renowned Kalakaua Avenue.
    • High‑traffic corner location with strong pedestrian and vehicular counts.
    • Walkable to upscale dining, entertainment, shopping, and nightlife.
    • Prestigious neighboring tenants include Hard Rock Cafe, Tommy Bahama, and luxury retailers such as Chanel, Gucci, and others.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Island Sweetie Gift Shop

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.830901
    Latitude
    21.281429

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    FAQs

    What type of property is this?
    Hotel - Prime Waikiki retail space available.
    Where is this hotel located?
    The property is located at 2131 Kalakaua Ave Honolulu, HI.
    What is the lease rate?
    The lease rate is $216 SF/Yr.
    What are key features of this property?
    This property features: Exceptional location in a premier tourist destination.; High visibility on renowned Kalakaua Avenue.; High-traffic corner location with strong pedestrian and vehicular counts.
    Request Owner's contact information
    2131 Kalakaua Ave 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
    2131 Kalakaua Ave Honolulu, HI 96815
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