Hawaii House
e-mail

1038 Queen St, Honolulu, HI 96814

Commercial · Sold · 3940 sqft · Sold 03/20/2008 $850,000 $895,000

DYNAMIC LOCATION at QUEEN/KAMAKEE, across from Office Depot/Nordstrom Rack. Property is ideal for owner-user. Fee is not currently available but may be in the future. 100% occupied to 12/07 - actual NOI is $85K. Industrial use includes auto repair, veterinarian, music/film studio, wholesale distribution, design showroom, catering kitchen and more.
Details
  • Original list price$999,999
  • Days on market246
  • Price per sqft$216/sqft
  • Address

    1038 Queen St, Honolulu, HI, 96814

  • Year Built1986
  • FrontageIndustrial, Main Street, Other, Retail Mall
  • NeighborhoodKakaako
  • Land area5000 sqft / 0.115 acres
  • Total Interior Area3940 sqft
  • City of OahuHonolulu
  • RegionHonolulu
  • IslandOahu
  • Land tenureLH - Leasehold
  • Number of Units4
  • Parking Spaces5
  • Gross Income139065
  • Annual Expenses54400
  • Net Operating Income84665
Amenities & Features
  • RoofAluminum/Steel, Other
  • Property ConditionAbove Average
  • Business TypeFree Standing, Industrial,
  • Construction/Exterior FinishConcrete Block, Loft Space, Other, Remodeled
  • Air ConditioningCentral AC, Individual, Other
  • LoadingLoading Area, Other
  • Floor CoveringConcrete, Other, See Remarks, Wood
  • Income Information SourceBroker
  • Expense Information SourceBroker
  • EasementsDriveway
  • Documents AvailableBuilding Plans, Lease Documents, Other, P&L, Survey, Title Search
  • Lessee/Tenant PaysAC Maintenance, Common Area Maintenance, Electricity, Excise Tax, Fire Ins, Janitorial/Trash Removal, Lease Rent, Liability Ins, Other, Real Estate Taxes, Water
  • ParkingAssigned, Off Site, On Site, Other, Pay Public, Street
  • Utilities IncludedOther
  • AmenitiesMezzanine Office, Office, Other, Private Restroom, Recreation Area, Security System
Schools Nearby
-
Neighborhood - Kakaako
  • Neighborhood average sales price*$1.15m
  • Neighborhood median sales price*$898k
  • Number or sales*469
  • Street median sales price*$1m
Price history
Date Event Price $/sqft Source
Mar 20, 2008 Sold $850,000 +112.5% from last sold price $215.74 Public Record
Mar 9, 2008 In Escrow - not showing $895,000 $227.16 MLS 2713623
Dec 27, 2007 In Escrow - still showing $895,000 $227.16 MLS 2713623
Sep 22, 2007 Price Decrease $895,000 -10.5% $227.16 MLS 2713623
Sep 10, 2007 Back On Market $999,999 $253.81 MLS 2713623
Aug 28, 2007 In Escrow - still showing $999,999 $253.81 MLS 2713623
Jul 21, 2007 New Listing $999,999 $253.81 MLS 2713623
Jul 19, 2007 Expired $999,999 $253.81 MLS 2710762
Jul 11, 2007 Price Increase $999,999 0% $253.81 MLS 2710762
Jul 1, 2007 Price Decrease $999,995 -23.06% $253.81 MLS 2710762
Jun 2, 2007 New Listing $999,999 $253.81 MLS 2710762
May 16, 2007 Expired $1,299,655 $329.86 MLS 2705083
May 2, 2007 Price Decrease $1,299,655 -11.11% $329.86 MLS 2705083
Mar 8, 2007 New Listing $1,462,112 $371.09 MLS 2705083
Apr 28, 2006 Sold $400,000 $101.52 Public Record
Apr 24, 2006 In Escrow - not showing $425,000 $107.87 MLS 2522255
Jan 4, 2006 In Escrow - still showing $425,000 $107.87 MLS 2522255
Dec 29, 2005 New Listing $425,000 $107.87 MLS 2522255
Taxes
  • Current Property Taxes p/month$8,481
  • Property Tax Year2007
  • Assessed Improvement value$284,900
  • Assessed Land value$611,200
  • MLS #2713623
  • TMK1-2-3-003-004-0000
  • Land RecordedRegular System
  • ZoningKA - State
  • Lease expiration2040-06-30
  • Monthly lease payment$2,500
  • Total Assessed value$896,100
Agent viewpoints   of 1038 Queen St, Honolulu, HI, 96814
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

We do not have an Agent Viewpoint for this listing yet.

As soon as we do, we post it here.

Request more info
or Call 808-394-9779
Hawaii House
Commercial Sold $850,000 $895,000 1038 Queen St, Honolulu, HI, 96814 3940 sqft Remove from Saved Save House