Mixed-Use Building in
For Sale
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1126 12th Ave, Honolulu, HI 96816
Three-story mixed-use building with retail and office space in Honolulu.
Property Size10,990 SF
Price / SF$555.05
Days on Market706
Property Features for 1126 12th Ave
General Information
Standard status
Active
Size
10,990 SF
Property subtype
Office, Retail
Zoning
B-2
Net Operating Income
$119,517
Building Details
Year Built
1962
Stories
3
Listing Agency:
Cushman & Wakefield ChaneyBrooks
Listed By:
Salvador Fasi · License #HI
(808) 544-9561
Source:
Crexi
Added: Nov 12, 2024
Changed: Oct 16
Last Checked: Oct 19 at 6:28AM
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 Cushman & Wakefield ChaneyBrooks
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 1126 12th Avenue is a three-story mixed-use building featuring retail and office spaces, situated in Honolulu’s Kaimuki neighborhood. The building offers 9,523 square feet of leasable area and maintains a 96% occupancy rate. While the property itself does not include on-site parking, the rear of the building provides direct access to a municipal parking lot. The property is located in the Kaimuki neighborhood, which is known for its local atmosphere and diverse mix of eateries, boutiques, coffee shops, and small businesses. Its location offers proximity to Waikiki and downtown Honolulu.
Key Highlights
- High occupancy rate of 96%
- 9,523 square feet of leasable area
- Located in the desirable Kaimuki neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,578
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,791,560
$3.8M
Cap Rate 7%
$2,708,257
$2.7M
Cap Rate 9%
$2,106,422
$2.1M
Market Conditions
NOI Build-Up for 10,990 SF
Gross rent
$329.7K $30.00/SF
− Vacancy
−$26.4K −$2.40/SF
EGI
$303.3K $27.60/SF
− OpEx
−$113.7K −$10.35/SF
NOI
$189.6K $17.25/SF
Area
Honolulu County, HI
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,791,560
Cap Rate 7%
$2,708,257
Cap Rate 9%
$2,106,422
Alternative Uses
Best Use
Mixed Use
$2.71M
$2.37M – $3.16M
NOI $189,578 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.45M
$3.90M – $5.19M
NOI $311,677 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Demographics for 96816, HI
51,586
Population
19,818
Households
2.6
Avg Household Size
45
Median Age
48%
College-Educated
94%
High-School Grad
9.6 sq mi
ZIP Area
5,374
Density / Sq Mi
$114,744
Median Household Income
$48,929
Median Earnings
$1,879
Median Rent
$1,121,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story mixed-use building with retail and office space in Honolulu.
Where is this mixed-use property located?
The property is located at 1126 12th Ave Honolulu, HI.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: High occupancy rate of 96%; 9,523 square feet of leasable area; Located in the desirable Kaimuki neighborhood
