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1218 N King Street, Honolulu, HI 96817
7 min walk to Auld Lane Mini Park
5 min drive to Fort Shafter Golf Course
6 min drive to Point Panic
5 min drive to Flies
About lifestyles
Excellent opportunity to manage up to market rents and earn a 6.55% cap! Well maintained three-story BMX-zoned building with mixed use, retail on the bottom front floor. 2 structures connected by a warehouse with 1:1 parking (9 ones, 4 twos, 1 three, and 4 retail [2 of which combine 2 spaces]). Additional parking on the King Street side of the property is used by customers and NOT counted in 17 space total. Owner recently fixed spalling and painted, and has taken excellent care of the building. Located across from King St. Post Office and a block from Farrington HS, so easy access to downtown and freeway in all directions.
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Details
1970 year built
- Year Built 1970
- Original list price $4,600,000
- Days on market 185
- Price per sqft $427/sqft
-
Address
1218 N King Street, Honolulu, HI, 96817
- Frontage Other
- Neighborhood Kapalama
- Land area 9,507 sqft / 0.218 acres
- Total Interior Area 10,785 sqft
- City of Oahu Honolulu
- Region Honolulu
- Island Oahu
- Land tenure FS - Fee Simple
- Number of Units 17
- Parking Spaces 17
- Annual Expenses 89363
- Net Operating Income 225637
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$23,455
Taxes
$3,160
HOA dues
$0
Mortgage
Down payment
$920,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$23,455 / month
Neighborhood: Kapalama
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
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no data
Costco
—
no data
Hospital
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no data
Park
—
no data
Beach
—
no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
—
no data
17.33 / 20
Very walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Amenities & Features
17 parking places, Concrete floors
Roof
Other
Property Condition
Above Average
Business Type
Condo/Apt
Construction/Exterior Finish
Concrete Block
Air Conditioning
None
Loading
None
Floor Covering
Concrete
Income Information Source
Owner
Expense Information Source
Owner
Easements
Other
Documents Available
Lease Documents, P&L, Title Search
Lessee/Tenant Pays
Electricity
Parking
On Site, Street, Unassigned
Utilities Included
Gas, Light Electricity, Other, Small Water Meter
Amenities
None
Kapalama prices
Average price $2.05m
Neighborhood average sales price*
$2.05m
Neighborhood median sales price*
$2m
Number or sales*
7
*last 6 months
Schools
15 schools with rating up to 9
| School rating | Distance | |
|---|---|---|
| out of 10 |
Princess Victoria Kaiulani Elementary School
783 North King St,
Honolulu, HI 96817
Elementary School
|
0.395mi |
|
Damien Memorial School
1401 Houghtailing Street,
Honolulu, HI 96817
Middle School
|
0.314mi | |
|
Damien Memorial School
1401 Houghtailing Street,
Honolulu, HI 96817
High School
|
0.314mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Princess Victoria Kaiulani Elementary School
783 North King St,
Honolulu, HI 96817
|
0.395mi |
| out of 10 |
Princess Miriam K Likelike Elementary School
1618 Palama St,
Honolulu, HI 96817
|
0.416mi |
| out of 10 |
Kalihi Kai Elementary School
626 McNeill St,
Honolulu, HI 96817
|
0.524mi |
| out of 10 |
Kapalama Elementary School
1601 North School St,
Honolulu, HI 96817
|
0.542mi |
| out of 10 |
Lanakila Elementary School
717 North Kuakini St,
Honolulu, HI 96817
|
0.589mi |
| School rating | Distance | |
|---|---|---|
|
Damien Memorial School
1401 Houghtailing Street,
Honolulu, HI 96817
|
0.314mi | |
| out of 10 |
King David Kalakaua Middle School
821 Kalihi St,
Honolulu, HI 96819
|
0.432mi |
|
St. Theresa School
712 North School Street,
Honolulu, HI 96817
|
0.599mi | |
|
Halau Lokahi - A New Century Public Charter School
401 Waiakamilo Rd,
Honolulu, HI 96817
|
0.648mi | |
|
St Anthony School
640 Puuhale Road,
Honolulu, HI 96819
|
0.865mi |
| School rating | Distance | |
|---|---|---|
|
Damien Memorial School
1401 Houghtailing Street,
Honolulu, HI 96817
|
0.314mi | |
| out of 10 |
Governor Wallace Rider Farrington High School
1564 North King St,
Honolulu, HI 96817
|
0.379mi |
|
Halau Lokahi - A New Century Public Charter School
401 Waiakamilo Rd,
Honolulu, HI 96817
|
0.648mi | |
|
Kamehameha Schools Kapalama Campus
1887 Makuakane Street,
Honolulu, HI 96817
|
0.922mi | |
|
Academy Of The Pacific
913 Alewa Drive,
Honolulu, HI 96817
|
1.002mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
New Listing May 23, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 23, 2024 | New Listing | $4,600,000 | $426.52 | MLS #202411839 |
| May 23, 2024 | Cancelled | $4,600,000 | $426.52 | MLS #202311568 |
| Feb 6, 2024 | Price Decrease | $4,600,000 -4.17% | $426.52 | MLS #202311568 |
| Oct 26, 2023 | Back On Market | $4,800,000 | $445.06 | MLS #202311568 |
| Oct 26, 2023 | Price Decrease | $4,800,000 -2.04% | $445.06 | MLS #202311568 |
| Sep 29, 2023 | Active Under Contract | $4,900,000 | $454.33 | MLS #202311568 |
| Aug 10, 2023 | Price Decrease | $4,900,000 -2% | $454.33 | MLS #202311568 |
| May 31, 2023 | New Listing | $5,000,000 | $463.61 | MLS #202311568 |
Tax & MLS details 1218 N King Street, Honolulu, HI, 96817
33 - BMX-3 Community Business M zoning / MLS #202411833
Current Property Taxes p/month
$3,160
Property Tax Year
2024
Assessed Improvement value
$967,500
Assessed Land value
$2,093,500
TMK
1-1-6-002-063-0000
Land Recorded
Regular System
Zoning
33 - BMX-3 Community Business M
Flood Zone
Zone X
Total Assessed value
$3,061,000
Listed by
Commercial Inv. Strategies
(808) 429-1098
(808) 429-1098
MLS #
202411833
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Frequently asked questions for 1218 N King Street
What is 1218 N King Street?
1218 N King Street is a Commercial/Industrial
How many units does it have?
1218 N King Street has 17 units.
What is the rental income?
The net income is $225,637
*check with agent
What is the full address of this commercial?
1218 N King Street, Honolulu, HI, 96817.
What comparable properties are nearby?
Comparable nearby commercial properties include 524 Kalihi Street, 1628 Democrat St, 1930 Kahai Street, 905 Kekaulike Street, 1542 Young St, 846 S Hotel St unit 200.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Commercial Inv. Strategies. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on November 07, 2024.
Hawaii House Last checked 1 minute ago.
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