Hawaii House
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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*$1.01m
  • Neighborhood median sales price*$768k
  • Number or sales*255
  • Street median sales price*$924k
Price history
Date Event Price $/sqft Source
2008-03-20 Sold $850,000 +112.5% from last sold price $215.74 Public Record
2008-03-09 In Escrow - not showing $895,000 $227.16 MLS 2713623
2007-12-27 In Escrow - still showing $895,000 $227.16 MLS 2713623
2007-09-22 Price Decrease $895,000 -10.5% $227.16 MLS 2713623
2007-09-10 Back On Market $999,999 $253.81 MLS 2713623
2007-08-28 In Escrow - still showing $999,999 $253.81 MLS 2713623
2007-07-21 New Listing $999,999 $253.81 MLS 2713623
2007-07-19 Expired $999,999 $253.81 MLS 2710762
2007-07-11 Price Increase $999,999 0% $253.81 MLS 2710762
2007-07-01 Price Decrease $999,995 -23.06% $253.81 MLS 2710762
2007-06-02 New Listing $999,999 $253.81 MLS 2710762
2007-05-16 Expired $1,299,655 $329.86 MLS 2705083
2007-05-02 Price Decrease $1,299,655 -11.11% $329.86 MLS 2705083
2007-03-08 New Listing $1,462,112 $371.09 MLS 2705083
2006-04-28 Sold $400,000 $101.52 Public Record
2006-04-24 In Escrow - not showing $425,000 $107.87 MLS 2522255
2006-01-04 In Escrow - still showing $425,000 $107.87 MLS 2522255
2005-12-29 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.

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Hawaii House
Commercial Sold $850,000 $895,000 1038 Queen St, Honolulu, HI, 96814 3940 sqft Remove from Saved Save House