Four-Suite Office
For Sale
$575,000
98-1247 Kaahumanu Street #311, Aiea, HI 96701
Reception space, a wet bar, and a private restroom contribute to the unit’s office configuration.
Property Size1,143 SF
Price / SF$503.06
Days on Market222
Property Features for 98-1247 Kaahumanu Street #311
General Information
Standard status
Active
Size
1,143 SF
Property subtype
Commercial
Zoning
32 - B-2 Community Business Dis
Additional Details
Condition
Built-Out
Office Units
4
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$7,680
Amenities
wet bar
private restroom
reception/waiting area
2 entrances
on-site parking
Handicap Access
Building Details
Building Size
1,143 SF
Year Built
1974
Stories
3
Listing Agency:
JC Hawaii Realty Corp
(808) 206-8838
Listed By:
Jessica Chiu
(808) 384-2238
Source:
Jchawaiirealty
Added: Mar 18
Changed: Oct 24
Last Checked: Oct 24 at 3:00PM
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 JC Hawaii Realty Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,143-square-foot office unit is arranged as four suites, with a reception and waiting area, wet bar, and private restroom. Two separate entrances serve the space. Maintenance fees cover air conditioning, electricity, water, and sewer.
Located at 98-1247 Kaahumanu Street #311 in Aiea, the property was built in 1974 and is zoned B-2 Community Business District. On-site parking is available.
Located at 98-1247 Kaahumanu Street #311 in Aiea, the property was built in 1974 and is zoned B-2 Community Business District. On-site parking is available.
Key Highlights
- Four‑suite office unit totaling 1,143 square feet
- Two entrances serve the space
- Wet bar, private restroom, and reception and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,254
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,080
$585.1K
Cap Rate 7%
$417,914
$417.9K
Cap Rate 9%
$325,044
$325.0K
Market Conditions
NOI Build-Up for 1,143 SF
Gross rent
$44.6K $39.00/SF
− Vacancy
−$5.6K −$4.88/SF
EGI
$39.0K $34.13/SF
− OpEx
−$9.8K −$8.53/SF
NOI
$29.3K $25.59/SF
Area
Honolulu County, HI
Vacancy
12.50%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,080
Cap Rate 7%
$417,914
Cap Rate 9%
$325,044
Alternative Uses
Best Use
Office B
$417.9K
$365.7K – $487.6K
NOI $29,254 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$463.1K
$405.2K – $540.3K
NOI $32,416 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Demographics for 96701, HI
42,833
Population
15,407
Households
2.8
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
25.3 sq mi
ZIP Area
1,693
Density / Sq Mi
$107,888
Median Household Income
$58,224
Median Earnings
$1,930
Median Rent
$913,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Reception space, a wet bar, and a private restroom contribute to the unit’s office configuration.
Where is this office unit located?
The property is located at 98-1247 Kaahumanu Street #311 Aiea, HI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four‑suite office unit totaling 1,143 square feet; Two entrances serve the space; Wet bar, private restroom, and reception and waiting area
