711 Kapiolani Blvd Honolulu, HI 96813-5214
- Commercial real estate
- 221,978 SF
- 1.79 lot acres
Jun 16, 2022
Current Use by Public Records
- BYORA U.S.A. CORPORATION / Industrial Manufacturer / Metal Fabrication Plant
- Sharon Rasos | Fairway Independent Mortgage Corporation Senior Loan Officer / Loan Service / Bank
- Department of Transportation Services / City Department Of Transportation / Department Of Transportation
- Shigetomi Keith S / Law Firm
- CorVel Corporation / Law Firm
Property Details for 711 Kapiolani Blvd
- Year built
- 1988
- Lot size
- 1.79 lot acres
- Property size
- 221,978 SF
- Zone code
- KAKAAKO CO
- Property type
- Commercial real estate
- APN
- 1-2-1-047-001
- APU
- 121047001
Description
This exceptional 2,992-square-foot Class A office space in Honolulu's Kaka'ako submarket is a rare find. Located on the ground floor of the iconic Pacific Park Plaza at 711 Kapiolani Boulevard, this single-tenant suite boasts impressive street visibility and expansive views. The move-in ready space features a thoughtfully designed layout including a reception area, conference room, individual offices, a common work area, private restroom, storage, and a break area. External and internal entrances provide convenient access. Seven unreserved parking stalls are included, currently rented at $195 per month. The lease is available until January 31, 2027, with a five-year option. All existing office furniture is available for purchase, presenting a fully turnkey opportunity for immediate occupancy. Pacific Park Plaza offers a desirable location within walking distance of Kaka'ako Waterfront Park, The Neal Blaisdell Center, and Honolulu City Hall. The building itself provides ample parking, 24-hour security, on-site management, and well-maintained common areas and lobby. Its prime location offers easy access to downtown Honolulu, avoiding congestion, and proximity to numerous amenities including restaurants, Ala Moana and Ward Village shopping centers, cultural attractions, fitness facilities, and major bus routes. This property is ideal for businesses seeking a prestigious address and a highly functional workspace in a vibrant and convenient location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $41,970,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $63,820,000
- 6.5%
- $58,910,000
- 7%
- $54,700,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $65,771,000
Market price range: $12.1M - $121M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $91,245,000
- INDUSTRIAL (GENERAL)
- $90,245,000
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Location Insight
- Map
- Local Demand
- City
- Honolulu
- County
- Honolulu
- State
- Hawaii
- Longitude
- -157.856
- Latitude
- 21.3014
- CBSA code
- 46520
- CBSA name
- URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA