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    1126 12Th Ave Honolulu, HI 96816

    For Sale
    $6,100,000

    Prime Honolulu location, high NOI potential.

    Property size:
    10,990 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This three-story, mixed-use building at 1126 12th Avenue, Honolulu, HI 96816, offers 10,990 square feet of space, with 9,523 square feet net rentable. Built in 1962 and 1972, it sits on a 5,700 square foot lot (APN: (1) 3-2-6:19) and is zoned B-2. The property boasts a current NOI of $119,517 and a pro-forma NOI of $228,000, reflecting significant upside potential. Currently featuring a high occupancy rate, the building presents a compelling owner-user or investment opportunity. Located in the desirable Kaimuki neighborhood, known for its vibrant atmosphere and mix of businesses, this property benefits from its proximity to Waikiki and downtown Honolulu, while maintaining a quieter, community-centric feel. The building offers convenient access to a nearby municipal parking lot, addressing a common challenge in this area. This fee-simple property is being offered for sale for the first time in over 50 years, presenting a rare chance to acquire a legacy asset in a high-demand, low-supply market. The potential for building naming rights adds further value. This is a value-add opportunity with below-market rents and potential for GLA expansion. The strong demand and limited supply in Kaimuki ensure occupancy stability and potential for rent growth.

    Property Features for 1126 12Th Ave

    General Information

    Property type
    Retail properties
    Square Feet
    10,990 SF

    Building Details

    Stories
    3

    HighLights

    • Owner‑user or major tenant opportunity with building naming rights.
    • Value‑add opportunity with strong occupancy, below‑market rents, and potential for GLA expansion.
    • High demand, limited supply in the Kaimuki neighborhood creates significant rent growth potential.
    • Prime location in the desirable Kaimuki neighborhood, near Waikiki and downtown Honolulu.
    • Rare opportunity; first time on the market in over 50 years.
    • Convenient access to a nearby municipal parking lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Ritual Grove Coworking Space Dahlia Bursell Acupuncture Acupuncture Clinic Alternative Health Alternative Medicine Practitioner Miso 808 Meditate Meditation Center Ebisu Y & Associates General Contractor

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.7994955
    Latitude
    21.281832

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    FAQs

    What type of property is this?
    Retail property - Prime Honolulu location, high NOI potential.
    Where is this retail 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: Owner-user or major tenant opportunity with building naming rights.; Value-add opportunity with strong occupancy, below-market rents, and potential for GLA expansion.; High demand, limited supply in the Kaimuki neighborhood creates significant rent growth potential.
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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
    1126 12Th Ave Honolulu, HI 96816
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