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    233 Merchant St Honolulu, HI 96813

    Sponsored
    For Lease
    $14 SF/Yr

    Historic Honolulu building, ground floor retail/office.

    Lot size:
    27,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 233 Merchant Street in Honolulu's Central Business District offers a unique blend of historic charm and modern functionality. The building, constructed in 1914 and renovated in 1980, boasts a total of 27,100 square feet across six stories. Currently configured as a multi-tenant building with seven suites, the property features a desirable ground floor retail/office space. The maximum contiguous space available is 4,047 square feet, ideal for a variety of businesses. Located in the heart of Honolulu's vibrant business district, this Class B building benefits from high visibility, with a daily traffic count of 14,500 vehicles. The property sits on a 0.05-acre lot and includes one elevator for convenient access to all floors. The zoning is BMX-4, Honolulu, and the APN is 1-2-1-016-012-0000. The ground floor space includes an updated private restroom, making it ready for immediate occupancy. This is a rare opportunity to secure a prominent location in Honolulu's bustling Central Business District. The building's address is 233 Merchant Street, Honolulu, HI 96813, with a cross street of Bishop Street.

    Property Features for 233 Merchant St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,100 SF
    Class
    B
    Total Rate
    32520

    Building Details

    Year Built/Renovated
    1914/1980
    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    STE 300
    Size
    1,992 SF
    Rate per SF
    $14
    Space
    STE 400
    Size
    1,992 SF
    Rate per SF
    $14
    Space
    STE 600
    Size
    1,117 SF
    Rate per SF
    $14
    Space
    STE 100
    Size
    1,841 SF
    Rate per SF
    $18
    Space
    STE 500
    Size
    2,022 SF
    Rate per SF
    $14

    HighLights

    • 27,100 SF, six‑story multi‑tenant building in Honolulu's Central Business District (CBD).
    • Ground floor retail/office space available, with a maximum contiguous space of 4,047 SF.
    • High visibility location with 14,500 daily vehicle traffic counts.
    • Secured building with key fob access by floor and amenities within walking distance.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Angle Systems Software Company Profitability of Hawaii Inc Software Company

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.86108413802
    Latitude
    21.307092650675

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    FAQs

    What type of property is this?
    Office space - Historic Honolulu building, ground floor retail/office.
    Where is this office space located?
    The property is located at 233 Merchant St Honolulu, HI.
    What is the lease rate?
    The lease rate is $14-$18 SF/Yr.
    What are key features of this property?
    This property features: 27,100 SF, six-story multi-tenant building in Honolulu's Central Business District (CBD).; Ground floor retail/office space available, with a maximum contiguous space of 4,047 SF.; High visibility location with 14,500 daily vehicle traffic counts.
    Request Owner's contact information
    233 Merchant St Honolulu, HI 96813
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    Honolulu, HI 96813
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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
    233 Merchant St Honolulu, HI 96813
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