Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1154 Fort Street Mall Honolulu, HI 96813

    • Specialty properties
    • 45,603 SF
    • 0.34 lot acres
    For Lease
    View listing
    $36 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Katt's Closet / Tour Operator / Vintage Clothing Store
    • Analog Rock Machine Studio / Recording Studio
    • Systems Integration Group Inc / Industrial Engineer
    • esconsultingservice / Consultant
    • Cannamed Hawaii / Health Consultant / Alternative Medicine Practitioner

    Property Details for 1154 Fort Street Mall

    Year built
    1926
    Lot size
    0.34 lot acres
    Property size
    45,603 SF
    Property type
    Specialty properties
    Property subtype
    Retail properties

    Description

    The iconic Blaisdell Hotel, a 1926 landmark in Honolulu's Downtown submarket, offers exceptional retail and restaurant opportunities. Located at 1154 Fort Street Mall, Honolulu, HI 96813, this Class C building boasts 45,603 square feet across four stories, situated on a 0.34-acre lot. Multiple spaces are available, ranging from 570 to 1,100 square feet, ideal for various uses. The property features storefront spaces with high visibility and foot traffic, benefiting from proximity to office workers, construction workers, students, and the general community. Specific spaces include a cafe space, a small shop/retail space, and a catering kitchen. The building's zoning is BMX-4 U/34/30, within Honolulu County (APN: 1-2-1-003-008-0000). The property's prime location on Fort Street Mall and its cross street, Chaplain Lane, ensures excellent exposure and accessibility. This is a unique chance to establish a business in a historic and vibrant Honolulu location. The building consists of one structure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.86
    Latitude
    21.3107

    Comparable in this City

    • Value Estimation by Request
      6,200 SF

      780 Beretania St

      Individual retail properties • 6,200 SF
      780 Beretania St, Honolulu, HI 96813
      View Details
    • Value Estimation by Request
      80,000 SF

      500 Keawe St

      Restaurants • 80,000 SF
      500 Keawe St, Honolulu, HI 96813
      View Details
    • Value Estimation by Request
      18,228 SF

      212 Merchant St

      Restaurants • 18,228 SF
      212 Merchant St, Honolulu, HI 96813
      View Details
    • Value Estimation by Request

      508 Keawe St

      Restaurants
      508 Keawe St, Honolulu, HI 96813
      View Details
    • Value Estimation by Request
      989 SF

      212 Merchant St

      Restaurants • 989 SF
      212 Merchant St, Honolulu, HI 96813
      View Details
    • Value Estimation by Request
      40,471 SF

      502 Keawe St

      Restaurants • 40,471 SF
      502 Keawe St, Honolulu, HI 96813
      View Details

    Similar Nearby for Sale

    • $2,888,000

      Honolulu Multifamily Investment Opportunity

      Multifamily property near downtown Honolulu with development potential.
      1640 Lusitana St, Honolulu, HI 96813
      View Details
    • $2,989,000

      Honolulu Multifamily Investment Opportunity

      12-unit multifamily property in Honolulu with renovated units and parking.
      1408 Lusitana St, Honolulu, HI 96813
      View Details
    • $200,000
      1,006 SF

      Honolulu Kakaako Commercial Space

      High-traffic, 1006 sq ft restaurant space
      725 Kapiolani Blvd, Honolulu, HI 96813
      View Details
    • $2,500,000

      Honolulu Multifamily Development Opportunity

      Development opportunity near Queens Hospital with plans for 21 units.
      1449 Punchbowl St, Honolulu, HI 96813
      View Details
    • $2,888,000

      Honolulu Multifamily Investment Opportunity

      Multifamily property near downtown Honolulu with development potential.
      1640 Lusitana St, Honolulu, HI 96813
      View Details
    • $2,100,000
      3,320 SF

      Honolulu Multifamily Property Near Park

      Six-unit multifamily property near Booth District Park in Honolulu.
      2357-2361 Pauoa Rd, Honolulu, HI 96813
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      45,603 SF

      Blaisdell Hotel Retail Spaces

      Honolulu's Historic Fort Street Mall Retail
      1154 Fort Street Mall, Honolulu, HI 96813
      View Details
    • $15 SF/Yr
      28,210 SF

      EIGHT FIFTY BUILDING: Honolulu CBD Office

      Creative Office Space: Honolulu's CBD
      850 Richards St, Honolulu, HI 96813
      View Details
    • $14 SF/Yr
      27,100 SF

      Merchant Street Creative Office Space

      Historic Honolulu building, ground floor retail/office.
      233 Merchant St, Honolulu, HI 96813
      View Details
    • $15 SF/Yr
      27,100 SF

      Stangenwald Building: Honolulu Office Space

      Historic Honolulu Office Building, Multiple Suites Available
      119 Merchant St, Honolulu, HI 96813
      View Details
    • $27 SF/Yr
      6,200 SF

      Honolulu Retail Space - Beretania St.

      Prime Honolulu storefront, 6,200 sq ft.
      780 Beretania St, Honolulu, HI 96813
      View Details
    • $12 SF/Yr
      16,824 SF

      Honolulu Office Space for Lease

      Prestigious Bishop Street location, modern offices available
      1164 Bishop St, Honolulu, HI 96813
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1154 Fort Street Mall
    Honolulu, HI 96813
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.