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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1188 King St Honolulu, HI 96817

    • Commercial real estate
    • 1,740 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US24-0057522
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Richie's Drive Inn / Restaurant

    Property Details for 1188 King St

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    1,740 SF
    Zone code
    R-5
    Property type
    Commercial real estate
    APN
    1-1-6-002-039
    APU
    116002039

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.869
    Latitude
    21.3264
    CBSA code
    46520
    CBSA name
    URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,410
    $2,317,300
    $222,500
    $2,539,800
    -
    $2,317,300
    $222,500
    $2,539,800

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      560 Nimitz Hwy Ste, Unit 103

      COMMERCIAL (GENERAL) • 0.05 Acres
      560 Nimitz Hwy Ste, Honolulu, HI 96817-5315
      View Details
    • Value Estimation by Request
      0.00 Acres

      560 Nimitz Hwy217d3

      COMMERCIAL (GENERAL) • 0.00 Acres
      560 Nimitz Hwy217d3, Honolulu, HI 96817-5330
      View Details
    • Value Estimation by Request
      0.02 Acres

      560 Nimitz Hwy206b

      COMMERCIAL (GENERAL) • 0.02 Acres
      560 Nimitz Hwy206b, Honolulu, HI 96817-5330
      View Details
    • Value Estimation by Request

      1712 Liliha St Ste, Unit 206

      COMMERCIAL (GENERAL)
      1712 Liliha St Ste, Honolulu, HI 96817-3100
      View Details
    • Value Estimation by Request
      0.01 Acres

      560 Nimitz Hwy Ste 201c2

      COMMERCIAL (GENERAL) • 0.01 Acres
      560 Nimitz Hwy Ste 201c2, Honolulu, HI 96817-5330
      View Details
    • Value Estimation by Request
      0.04 Acres

      560 Nimitz Hwy Ste 201b

      COMMERCIAL (GENERAL) • 0.04 Acres
      560 Nimitz Hwy Ste 201b, Honolulu, HI 96817-5327
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.97 Acres

      Nimitz Hwy Commercial Land Opportunity

      1.97 Acres I-3 Zoned Land in Honolulu
      855 Nimitz Hwy, Honolulu, HI 96817
      View Details
    • $1,395,000

      Honolulu Land Redevelopment Opportunity

      Honolulu land for redevelopment with industrial mixed-use zoning.
      916 Eu Ln, Honolulu, HI 96817
      View Details
    • $7,300,000

      Honolulu Multifamily Investment Opportunity

      Newly constructed Bill 7 apartment building with 25 units.
      311 Puuhue Pl, Honolulu, HI 96817
      View Details
    • $299,000

      Honolulu Restaurant Space For Sale

      Restaurant space with parking in Honolulu, HI available for sale.
      100 N Beretania St, Honolulu, HI 96817
      View Details
    • $1,350,000

      Nuuanu Valley Residential Land Opportunity

      Rare 15,636 sq ft lot in historic Honolulu neighborhood.
      3242 Pelekane Dr, Honolulu, HI 96817
      View Details
    • $2,800,000

      Honolulu Multifamily Investment Opportunity

      Income-producing property with eight detached homes on a large lot.
      1039 Wong Ln, Honolulu, HI 96817
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,745 SF

      Honolulu Retail Space for Lease

      Prime Honolulu location, 2,745 sq ft.
      1620 School St, Honolulu, HI 96817
      View Details
    • $19 SF/Yr
      86,412 SF

      Castle Cooke Office Suites Available

      Honolulu Executive Office Space, 173-1,952 SF
      200 Vineyard Blvd, Honolulu, HI 96817
      View Details
    • Contact for pricing
      30,169 SF

      Honolulu Warehouse Space Available

      Multiple warehouse suites, 1,440-4,000 sq ft
      720-740 Moowaa St, Honolulu, HI 96817
      View Details
    • $8 SF/Yr
      13,483 SF

      Chinatown Office Space with Patio

      Small office spaces in Chinatown with natural light and patio.
      2 N Hotel St, Honolulu, HI 96817
      View Details
    • $14 SF/Yr
      28,076 SF

      Kokea Center: Honolulu Warehouse Space

      Versatile Honolulu warehouse, retail & office
      1111 Dillingham Blvd, Honolulu, HI 96817
      View Details
    • $1.00 SF/Yr
      11,132 SF

      Honolulu Retail Center Investment Opportunity

      Prime Honolulu retail space, 13 units available.
      1425 Dillingham Blvd, Honolulu, HI 96817
      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.
    1188 King St
    Honolulu, HI 96817
    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.