Technical
Financial
Distress signals
Property profile

848 Ala Lilikoi St Honolulu, HI 96818

FOR LEASE
Commercial real estate
Property ID
US24-0065025
70,960 SF 7.48 ac lot Built 1974
Individually Owned 7-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Credit Union
  • Pet Grooming Service
  • Shopping Center & Mall
  • (Bike/Boat/Book/etc) Store Printing Service
  • Pharmacy

Location

848 Ala Lilikoi St Honolulu, HI 96818
Honolulu metro Census 6806 URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA
Google Maps

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

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
Zoning description

rtive of or compatible with business activities are also permitted. These districts help to ensure a favorable business climate and support the economic and social well-being of city residents. (b) The intent of the B-1…

General category COMMERCIAL

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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