Ground-Floor Office
For Sale
$650,000
98-1247 Kaahumanu Street #106, Aiea, HI 96701
Five office rooms, a reception area, and a kitchenette create a functional layout for professional operations.
Property Size1,134 SF
Price / SF$573.19
Days on Market266
Property Features for 98-1247 Kaahumanu Street #106
General Information
Standard status
Active
Size
1,134 SF
Property subtype
Commercial
Zoning
32 - B-2 Community Business Dis
Space & Availability
Floor
Ground Floor
Condition
Turnkey
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$7,608
Amenities
split A/C
upgraded electrical to 220V
secure 24/7 access
waiting area
reception room
kitchenette
private restroom with sink and shower
Building Details
Building Size
1,134 SF
Year Built
1974
Listing Agency:
JC Hawaii Realty Corp
(808) 206-8838
Listed By:
Jessica Chiu
(808) 384-2238
Source:
Jchawaiirealty
Added: Feb 1
Changed: Oct 24
Last Checked: Oct 24 at 3:21PM
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
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Investment Insights
Based on property information with market context.
Located on the ground floor, this 1,134-square-foot office suite has a waiting area, reception room, and five office rooms. A kitchenette includes a sink, and the private restroom is equipped with a sink and shower. The space has been renovated and includes separate split-system air-conditioning units and electrical service upgraded to 220V.
Building access is secured and available 24 hours a day. The property was built in 1974 and is zoned B-2 Community Business District.
Building access is secured and available 24 hours a day. The property was built in 1974 and is zoned B-2 Community Business District.
Key Highlights
- 1,134‑square‑foot office suite on the ground floor
- Five office rooms, plus a waiting area and separate reception room
- Private restroom with sink and shower; kitchenette with sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,023
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,460
$580.5K
Cap Rate 7%
$414,614
$414.6K
Cap Rate 9%
$322,478
$322.5K
Market Conditions
NOI Build-Up for 1,134 SF
Gross rent
$44.2K $39.00/SF
− Vacancy
−$5.5K −$4.88/SF
EGI
$38.7K $34.13/SF
− OpEx
−$9.7K −$8.53/SF
NOI
$29.0K $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%
$580,460
Cap Rate 7%
$414,614
Cap Rate 9%
$322,478
Alternative Uses
Best Use
Office B
$414.6K
$362.8K – $483.7K
NOI $29,023 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$459.4K
$402.0K – $536.0K
NOI $32,160 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Five office rooms, a reception area, and a kitchenette create a functional layout for professional operations.
Where is this office unit located?
The property is located at 98-1247 Kaahumanu Street #106 Aiea, HI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,134‑square‑foot office suite on the ground floor; Five office rooms, plus a waiting area and separate reception room; Private restroom with sink and shower; kitchenette with sink
