Property profile

420 Waiakamilo Rd Honolulu, HI 96817

OFF-MARKET
Office buildings
Property ID
US24-0555367
125,540 SF 1.53 ac lot Built 1982
Entity Owned 27-yr Hold Free & Clear
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Property summary

AI-generated overview

The New Media Center, a five-story office building at 420 Waiakamilo Road, Honolulu, HI 96817, offers 41,953 square feet of executive and medical office space. Currently, 8,293 square feet are vacant, divisible into units ranging from 1,595 to 3,698 contiguous square feet. The building boasts convenient covered parking with a 1:550 ratio, providing direct access. Its location in Kalihi offers easy access to major east-west thoroughfares like Nimitz Highway and Dillingham Boulevard. The IMX-1 zoning allows for a variety of uses. This property is strategically situated in a prime location, home to major Hawaiian television networks including KFVE, KGMB, and KHNL, making it one of the area's most prominent office buildings. The APN is 1-1-5-30:2, and Honolulu County is the governing jurisdiction. This is a multi-tenant building with exceptional access and visibility. Consider this opportunity to establish your business in a well-established and highly visible location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Total area 125,540 SF
Lot 1.53 ac (66,731 SF)
Zoning code U/46/40
APN 1-1-5-030-002
UPID US24-0555367

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
  • Insurance Agency
  • Telecommunications Service General Contractor
  • Television Studio Media Distribution
  • Television Studio Media Distribution
  • Television Studio Media Distribution

Location

420 Waiakamilo Rd Honolulu, HI 96817-4975
Honolulu metro URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

Zoning & alternative use

U/46/40 · Honolulu, HI

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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