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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
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
  • 2nd Fl - 421
  • 5,322 SF
  • Industrial
  • Full Build-Out
  • Aug 2026

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

Property Taxes

Parcel Numbers
Multiple
  • 1-1-5-012-001-0026
  • 1-1-5-012-001-0020
  • 1-1-5-012-001-0004
  • 1-1-5-012-001-0030
  • 1-1-5-012-001-0002
  • 1-1-5-012-001-0021
  • 1-1-5-012-001-0019
  • 1-1-5-012-001-0003
  • 1-1-5-012-001-0001
Land Assessment
$25,228,800
Improvements Assessment
$6,417,500
Total Assessment
$31,646,300
  • Listing ID: 41145756

  • Date on Market: 7/2/2026

  • Last Updated:

  • Address: 501 Sumner St, Honolulu, HI 96817

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