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    1960 Kapiolani Blvd Honolulu, HI 96826

    Sponsored
    For Lease
    $60 SF/Yr

    Honolulu Retail Center: High Traffic, Multiple Spaces

    Lot size:
    36,158 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents itself in the form of McCully Shopping Center, a vibrant retail and office complex situated at 1960 Kapiolani Blvd, Honolulu, HI 96826. Boasting a total of 36,158 square feet across a 1.469-acre lot, this two-story building, constructed in 1984, offers a diverse range of spaces ideal for various businesses. The property features a convenient 132-space parking lot and elevators for easy accessibility. The zoning is U/33/30, within Honolulu County's McCully SC submarket. Multiple tenancies are available, including a prime pad site (Space 100) measuring 5,827 square feet, complete with driveway access. Other spaces include retail units (Space 108) and a space with existing plumbing (Space 111). The center's strategic location at the corner of McCully and Kapiolani Boulevard ensures high vehicular traffic, providing excellent visibility and accessibility for tenants. This property represents a rare chance to acquire a well-established retail center in a high-demand Honolulu location.

    Property Features for 1960 Kapiolani Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,158 SF
    Total Rate
    180790

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    111
    Size
    984 SF
    Rate per SF
    $60
    Space
    108
    Size
    932 SF
    Rate per SF
    $60
    Space
    100
    Size
    5,827 SF

    HighLights

    • McCully Shopping Center, a 36,158 SF retail and office complex on a 1.47‑acre lot in Honolulu, HI.
    • Features 132 parking spaces and elevators.
    • Prime location at Kapiolani Blvd & McCully St with high vehicular traffic.
    • Multiple available spaces, including a 5,827 SF pad site (Space 100) with driveway access.
    • Zoned U/33/30 in Honolulu County's McCully SC submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hot Pot Heaven Hot Pot Restaurant Edible Bakery CiCi Nails Nail Salon Gelato Moon Wok Restaurant Western Union Money Transfer Service

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.83222100632
    Latitude
    21.289660172334

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    FAQs

    What type of property is this?
    Neighborhood center - Honolulu Retail Center: High Traffic, Multiple Spaces
    Where is this neighborhood center located?
    The property is located at 1960 Kapiolani Blvd Honolulu, HI.
    What is the lease rate?
    The lease rate is $0.00-$60 SF/Yr.
    What are key features of this property?
    This property features: McCully Shopping Center, a 36,158 SF retail and office complex on a 1.47-acre lot in Honolulu, HI.; Features 132 parking spaces and elevators.; Prime location at Kapiolani Blvd & McCully St with high vehicular traffic.
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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
    1960 Kapiolani Blvd Honolulu, HI 96826
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