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Property profile & analytics
FOR LEASE
Commercial real estate

848 Ala Lilikoi St Honolulu, HI 96818

70,960 SF 7.48 ac lot Built 1974
Individually Owned 6-yr Hold Free & Clear
Property ID
US24-0065025
Property summary
AI-generated overview

This exceptional medical office space, located within the thriving Salt Lake Shopping Center in Honolulu, Hawaii, presents a unique investment opportunity. Situated at 848 Ala Lilikoi Street, zip code 96818, this property offers 1,164 square feet of readily available space within a multi-tenant retail and office complex. The building benefits from excellent visibility and high foot traffic, supported by a robust parking area. The center boasts a strong tenant mix, including established and reputable businesses such as Safeway, McDonald's, Longs Drugs Store, Pizza Hut, American Savings Bank, Hawaii State Federal Credit Union, and PetVet Animal Hospital. This diverse tenant base ensures consistent activity and a vibrant atmosphere, creating an ideal environment for a medical practice. The property is classified as Retail and Office, specifically designated as a Medical Office subtype, making it perfectly suited for a variety of healthcare-related businesses. Honolulu County provides a stable and desirable market for medical services. This space is ready for immediate occupancy and presents a compelling opportunity to establish or expand a medical practice in a high-traffic, well-established shopping center. The property's location in Honolulu, Hawaii, offers easy access to major transportation routes and a dense population base.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1974
Total area 70,960 SF
Lot 7.48 ac (325,785 SF)
Zoning code B-1
APN 1-1-1-071-001
UPID US24-0065025
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hawaii State Federal Credit Union Credit Union
  • Yuppie Puppie Grooming Salon Pet Grooming Service
  • Salt Lake Shopping Center Shopping Center & Mall
  • CVS Photo (Bike/Boat/Book/etc) Store Printing Service
  • CVS Pharmacy 9955 Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$18.83M
Comparable Approach Comparable
$27.01M
Blend (final) Blend
$23.60M
Owner & transaction history
Hawaii St FCU · 6 yrs held
Hawaii St FCU
since 2019
6 recorded transactions
2019
$578,570
2019
Price N/A
2007
$162,316
2004
Price N/A
2003
$11.6M
1969
Price N/A
Zoning & alternative use
B-1 · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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