Mixed-Use Property with
New
For Sale
$2,395,000
926 Kopke St, Honolulu, HI 96819
The fully occupied property combines commercial and residential units under month-to-month tenancies.
Property Size7,812 SF
Price / SF$306.58
Days on Market3
Property Features for 926 Kopke St
General Information
Standard status
Active
Size
7,812 SF
Property subtype
Multi-Family
Zoning
BMX-3
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
9
Building Details
Year Built
1928
Tenancy
Multi
Listing Agency:
RE/MAX Honolulu
Listed By:
Ben Fieman · License #RB-23470
(808) 400-7007
Source:
Fieman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 8:42AM
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 RE/MAX Honolulu
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Investment Insights
Based on property information with market context.
Built in 1928, this 7,812-square-foot mixed-use property contains four commercial units and nine residential units. Occupancy is full, and all tenancies are month to month. Nearly every unit was modernized about a decade ago. The property has a single water meter, while electricity and gas are individually metered; tenants cover those utilities except for the A2 studio and 922A cottage.
Storefront frontage is along N. King Street, with access to H-1, the airport, and downtown. The site is zoned BMX-3, and an existing survey dated July 11, 2003 was prepared by Lester T Shimabukuro.
Storefront frontage is along N. King Street, with access to H-1, the airport, and downtown. The site is zoned BMX-3, and an existing survey dated July 11, 2003 was prepared by Lester T Shimabukuro.
Key Highlights
- Four commercial units and nine residential units; all are occupied on month‑to‑month tenancies
- 7,812‑square‑foot mixed‑use property built in 1928
- BMX‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,779
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,135,580
$4.1M
Cap Rate 7%
$2,953,986
$3.0M
Cap Rate 9%
$2,297,544
$2.3M
Market Conditions
NOI Build-Up for 7,812 SF
Gross rent
$310.3K $39.72/SF
− Vacancy
−$14.9K −$1.91/SF
EGI
$295.4K $37.81/SF
− OpEx
−$88.6K −$11.34/SF
NOI
$206.8K $26.47/SF
Area
Honolulu County, HI
Vacancy
4.80%
Lease Rate
$39.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,135,580
Cap Rate 7%
$2,953,986
Cap Rate 9%
$2,297,544
Alternative Uses
Best Use
Retail
$2.95M
$2.58M – $3.45M
NOI $206,779 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,231 @ 7.0% cap · market cap 5.98%
Theoretical Best
Specialty Retail
$3.16M
$2.77M – $3.69M
NOI $221,549 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
9
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Demographics for 96819, HI
53,334
Population
13,287
Households
4
Avg Household Size
39
Median Age
22%
College-Educated
84%
High-School Grad
21.8 sq mi
ZIP Area
2,447
Density / Sq Mi
$96,346
Median Household Income
$40,897
Median Earnings
$1,789
Median Rent
$963,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The fully occupied property combines commercial and residential units under month-to-month tenancies.
Where is this mixed-use property located?
The property is located at 926 Kopke St Honolulu, HI.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Four commercial units and nine residential units; all are occupied on month‑to‑month tenancies; 7,812‑square‑foot mixed‑use property built in 1928; BMX‑3 zoning
