Keeaumoku Area Commercial
For Sale
$4,500,000
927 Sheridan St, Honolulu, HI 96814
Secure building with loading dock near Ala Moana Shopping Center.
Property Size11,134 SF
Price / SF$404.17
Days on Market234
Property Features for 927 Sheridan St
General Information
Standard status
Active
Size
11,134 SF
Site & Location
Neighborhood
Ala Moana
Building Details
Year Built
1972
Listing Agency:
Philip I. Enomoto
Listed By:
Robin J Ishibashi
(808) 620-1336
Source:
Paradisebrokers
Added: Mar 5
Changed: Oct 11
Last Checked: Oct 7 at 4:01PM
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 Philip I. Enomoto
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Investment Insights
Based on property information with market context.
This solid and secure building is located in the Keeaumoku area, near Ala Moana Shopping Center, Walmart, Don Quijote, and new luxury condos. It is also in close proximity to new condos on Keeaumoku and the upcoming Meadow Gold property development. The building features a loading dock and a 1-ton elevator. The 9-foot post-tension floors make the building suitable for a variety of equipment. The seller is open to leasing the property. This commercial real estate is suitable for warehouses, industrial purposes, shopping centers, and retail spaces.
Key Highlights
- Prime Keeaumoku location, adjacent to Ala Moana Shopping Center, Walmart, Don Quijote, and Kakaako.
- Loading dock and 1‑ton elevator for efficient material handling.
- Solid and secure building construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$294,710
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,894,200
$5.9M
Cap Rate 7%
$4,210,143
$4.2M
Cap Rate 9%
$3,274,556
$3.3M
Market Conditions
NOI Build-Up for 11,134 SF
Gross rent
$442.2K $39.72/SF
− Vacancy
−$21.2K −$1.91/SF
EGI
$421.0K $37.81/SF
− OpEx
−$126.3K −$11.34/SF
NOI
$294.7K $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%
$5,894,200
Cap Rate 7%
$4,210,143
Cap Rate 9%
$3,274,556
Alternative Uses
Best Use
Retail
$4.21M
$3.68M – $4.91M
NOI $294,710 @ 7.0% cap · market cap 6.55%
Second Best
Warehouse
$2.53M
$2.22M – $2.96M
NOI $177,408 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$4.51M
$3.95M – $5.26M
NOI $315,761 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Demographics for 96814, HI
24,870
Population
15,346
Households
1.6
Avg Household Size
47
Median Age
50%
College-Educated
93%
High-School Grad
1.2 sq mi
ZIP Area
20,725
Density / Sq Mi
$77,336
Median Household Income
$55,408
Median Earnings
$1,770
Median Rent
$706,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - Secure building with loading dock near Ala Moana Shopping Center.
Where is this warehouse located?
The property is located at 927 Sheridan St Honolulu, HI.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Prime Keeaumoku location, adjacent to Ala Moana Shopping Center, Walmart, Don Quijote, and Kakaako.; Loading dock and 1‑ton elevator for efficient material handling.; Solid and secure building construction.
