1130 Nimitz Hwy Honolulu, HI 96817-4579
- Commercial real estate
- 123,417 SF
- 5.25 lot acres
Sep 29, 2023
Current Use by Public Records
- Express Employment Professionals / Employment Agency
- Contractors License Center Inc / High School
- Swanson Steel Co Inc / Construction Company / General Contractor
- Postpartum Depression and Anxiety | Honolulu, HI / Crisis Center / Medical Clinic
- Trysha LM Bodden, LMFT, LLC / Marriage Or Relationship Counselor
Property Details for 1130 Nimitz Hwy
- Year built
- 1960
- Lot size
- 5.25 lot acres
- Property size
- 123,417 SF
- Zone code
- IMX-1
- Property type
- Commercial real estate
- APN
- 1-1-5-020-013
- APU
- 115020013
Description
This exceptional sublease opportunity presents a 309-square-foot space within the Nimitz Center, located at 1130 N Nimitz Hwy, Honolulu, HI 96817. Situated in the Iwilei submarket of Honolulu County, this property is ideally suited for health, beauty, or fitness-related businesses. The space is part of a larger building encompassing 143,986 square feet across two stories, classified as a Class B property. The building sits on 5.25 acres of land and offers ample parking with 650 spaces available. Elevators are present for convenient access. The zoning for this property is IMX-1. The property's address is further identified by its cross street, Alakawa St., and its Assessor's Parcel Number (APN) is 1-1-5-20-13. This single-tenant space is available on a month-to-month basis, providing flexibility for the tenant. The building is a mixed-use property, encompassing both retail and office spaces, and this particular sublease is within a traditional/creative office setting. The property is conveniently located in Honolulu, Hawaii, offering easy access to various amenities and transportation options. This sublease is perfect for a small business looking for a flexible and well-located space.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $35,480,000
- 6.5%
- $32,755,000
- 7%
- $30,415,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $34,620,000
- AI Estimate
- $20,760,000
Market price range: $18.2M - $48.0MMarket price range: $5.44M - $34.1M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $34,500,000 Current use
- WAREHOUSE, STORAGE
- $34,295,000 Change: -1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Honolulu
- County
- Honolulu
- State
- Hawaii
- Longitude
- -157.875
- Latitude
- 21.3187
- CBSA code
- 46520
- CBSA name
- URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA