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1628 Democrat St 4,400 SF Industrial Building Honolulu, HI 96819 $2,400,000 ($545.45/SF) 3.26% Cap Rate

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EXECUTIVE SUMMARY

This is a rare opportunity to acquire a fee simple, stand-alone, high-cube concrete warehouse with turnkey 2nd floor offices and secured, gated parking. The high-cube portion of the warehouse features 24-foot high ceilings, a 12’ x 12’ roll-up door, with its own restroom, and is fully outfitted with a fire sprinkler system. The heavy-duty 2nd floor mezzanine features 4 offices, a conference room, a kitchenette, 2 restrooms (one with a shower), a laundry room, and a large open workspace/reception area. The property is Tenant Occupied until Oct. 1, 2027. Conveniently situated in Kalihi-kai, the property offers easy access to Nimitz Highway and the H-1 Freeway, and is just minutes from Downtown Honolulu, Daniel K. Inouye Airport, and Honolulu Harbor. Don’t miss out on this prime fee simple opportunity! Actual Square Footage is larger than what's noted on Loopnet (approx. 6,712sf).

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $78,302 $17.80

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $78,302
Annual Per SF $17.80

PROPERTY FACTS Under Contract

Price $2,400,000
Price Per SF $545.45
Sale Type Investment or Owner User
Cap Rate 3.26%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.11 AC
Rentable Building Area 4,400 SF
No. Stories 2
Year Built 1975
Tenancy Single
Parking Ratio 1.36/1,000 SF
Clear Ceiling Height 24’
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
Zoning I-2 - Intensive Industrial Area.

UTILITIES

  • Gas
  • Water - City
  • Sewer - City
  • Heating
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-1-2-004-065-0000
Land Assessment
$1,375,000 (2025)
Improvements Assessment
$390,500 (2025)
Total Assessment
$1,765,500 (2025)
  • Listing ID: 34135562

  • Date on Market: 12/9/2024

  • Last Updated:

  • Address: 1628 Democrat St, Honolulu, HI 96819

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