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1505 Dillingham Blvd Honolulu, HI 96817-4885

OFF-MARKET Commercial real estate Google Maps
99,230 SF 5.71 ac lot Built 1968
Entity Owned 1-yr Hold Free & Clear
Estimated value (blended)
$29.51M
Range $26.56M – $32.46M (±10%)
Property ID US24-0045411

Property summary

AI-generated overview

Dillingham Plaza, located at 1505 Dillingham Blvd, Honolulu, HI 96817, offers a unique opportunity for businesses seeking executive office space in Honolulu County. This IMX-1 zoned property boasts a total of 222,927 square feet, encompassing 34 individual suites. The building offers exceptional flexibility with spaces ranging from a minimum of 446 square feet to a maximum contiguous space of 25,729 square feet, catering to a wide range of business needs and sizes. Currently, there is a significant amount of vacant space totaling 180,586 square feet, presenting a prime opportunity for immediate occupancy. The property is classified as both retail and office, offering a diverse and dynamic environment. The multiple tenancy structure allows for a vibrant and collaborative atmosphere. This location in Honolulu provides easy access to key transportation routes and amenities, making it an ideal location for businesses seeking a prominent presence in the heart of Honolulu. The property's substantial size and flexible space options make it suitable for a variety of businesses, from small startups to large corporations. With its strategic location and ample space, Dillingham Plaza presents a compelling investment opportunity in a thriving Honolulu market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1968
Total area 99,230 SF
Lot 5.71 ac (248,706 SF)
Zoning code IMX-1
APN 1-1-5-029-031
UPID US24-0045411

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Social Service Agency Charitable Organization
  • Crypto Atm Atm
  • Health Care Facility Community Health Centre
  • Charitable Organization
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$26.34M
Comparable Approach Comparable
$38.60M
Blend (final) Blend
$29.51M

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2021
Price N/A
2017
Price N/A
2011
Price N/A
2010
Price N/A
2008
$711,417
2007
Price N/A

Zoning & alternative use

IMX-1 · Honolulu, HI
Zoning description

279 (c) Up to 10 dwelling units may be permitted per zoning lot above the ground floor in the IMX-1 industrial commercial mixed use district, subject to a special district permit. Accessory caretaker dwellings do not req…

General category MIXED_USE
Top alternative use upside
Apartment house (5+ units) $40.8M +47.0%
Industrial (general) $40.3M +45.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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