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501 Sumner St 232,019 SF 98% Leased Industrial Building Honolulu, HI 96817 $1,850,000 ($7.97/SF) 5% Cap Rate



Executive Summary
Rare opportunity to own a unique flex space (office and industrial uses) near Downtown Honolulu. Located at 501 Sumner Street in the Iwilei Business Center, this property consists of approximately 5,322 square feet of flex space w/parking out front. It is conveniently located in Iwilei, with quick access to the H-1 Freeway and Nimitz Highway. On top of that, a Skyline Honolulu rail transit station is anticipated to be built within walking distance to this flex space and it is just a few minutes drive to the Daniel K. Inouye Honolulu International Airport, while being near Costco, Home Depot and Lowes.
Property Facts
| Price | $1,850,000 | Lot Size | 6.71 AC |
| Price Per SF | $7.97 | Rentable Building Area | 232,019 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 5% | Year Built | 1967 |
| Property Type | Industrial | Parking Ratio | 0.42/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | U/46/40 - Urban Land Use Zoning | ||
| Price | $1,850,000 |
| Price Per SF | $7.97 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 6.71 AC |
| Rentable Building Area | 232,019 SF |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 0.42/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | U/46/40 - Urban Land Use Zoning |
Amenities
- Storage Space
- Air Conditioning
Utilities
- Water
- Sewer
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Mixed-use space - with lots of office/warehouse space - conveniently located near Downtown Honolulu and a planned Skyline Honolulu rail transit station.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl - 421 | 5,322 SF | Industrial | Full Build-Out | Aug 2026 |
2nd Fl - 421
| Size |
| 5,322 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Aug 2026 |
2nd Fl - 421
| Size | 5,322 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Aug 2026 |
Mixed-use space - with lots of office/warehouse space - conveniently located near Downtown Honolulu and a planned Skyline Honolulu rail transit station.
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,417,500 | |
| Land Assessment | $25,228,800 | Total Assessment | $31,646,300 |
Property Taxes
Parcel Numbers
Land Assessment
$25,228,800
Improvements Assessment
$6,417,500
Total Assessment
$31,646,300
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501 Sumner St
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