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430 Piikoi Street, Honolulu, HI, 96814
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430 Piikoi Street, Honolulu, HI 96814

$9,600,000 $12,000,000 Commercial sold 16,132 sqft Neighborhood:  Kakaako Sold 12/01/2021 $9,600,000 $12,000,000
12 min walk to Ala Moana Regional Park
25 min walk to Point Panic
16 min walk to Concessions
About lifestyles
Prime location across the street from Ala Moana shopping center and Ala Moana Beach Park. Property zoning falls under the Kakaako Hawaii Community Development Authority (HCDA). Perfect opportunity to redevelop in possible affordable housing under Bill 7 or into a retail strip mall. All plans for redevelopment must be submitted and approved by HCDA. Currently this property is generating a 3% CAP rate at $12M. Minutes away from Howard Hughes development in Ward and nestled among luxury high rise condominiums. Subject parcel is over 20,000 sq.ft and over 16,000 in useable interior square footage. Great diverse tenants from bar/restaurant, retail clothing, massage, and taxi dispatch. Rare opportunity to purchase prime real estate land in the Ala Moana area!
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Details

1957 year built
  • Year Built 1957
  • Original list price $12,000,000
  • Days on market 269
  • Price per sqft $595/sqft
  • Address

    430 Piikoi Street, Honolulu, HI, 96814

  • Frontage Main Street, Retail Mall
  • Neighborhood Kakaako
  • Land area 20,448 sqft / 0.469 acres
  • Total Interior Area 16,132 sqft
  • City of Oahu Honolulu
  • Region Honolulu
  • Island Oahu
  • Land tenure FS - Fee Simple
  • Number of Units 23
  • Parking Spaces 29
  • Gross Income 441611
  • Annual Expenses 128577
  • Net Operating Income 313035

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$48,948
Taxes
$4,746
HOA dues
$0
$53,694 per month
Mortgage
Down payment
$1,920,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $48,948 / month

Neighborhood: Kakaako

Nearby & commute
Walkability
Coffee shops
no data
Bus stop
no data
Supermarket
no data
Costco
no data
Hospital
no data
Park
no data
Beach
no data
Elementary school
no data
Middle school
no data
High school
no data
Local airport
no data
17.17 / 20
Very walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Amenities & Features

29 parking places, Concrete floors
Roof
Other
Property Condition
Above Average, Average
Business Type
Retail Mall
Construction/Exterior Finish
Concrete Block
Air Conditioning
Individual
Loading
None
Floor Covering
Concrete
Income Information Source
Appraisal
Expense Information Source
Appraisal
Easements
None
Documents Available
P&L
Lessee/Tenant Pays
Common Area Maintenance, Electricity
Parking
Assigned, On Site, Street
Utilities Included
Light Electricity, Small Water Meter
Amenities
None

Kakaako prices

Average price $1.56m
Neighborhood average sales price*
$1.56m
Neighborhood median sales price*
$1.45m
Number or sales*
3
*last 6 months

About Kakaako

Kakaako Real Estate & Lifestyle Kakaako real estate is synonymous with contemporary urban living and an outdoor enthusiast's paradise. This vibrant neighborhood in Honolulu, Hawaii, offers a unique blend of luxurious high-rise condominiums, upscale sh Read more

Schools

15 schools with rating up to 8
School rating Distance
NR
Redemption Academy
423 Kamakee Street, Honolulu, HI 96814
Elementary School
0.284mi
NR
Redemption Academy
423 Kamakee Street, Honolulu, HI 96814
Middle School
0.284mi
3
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
High School
0.456mi
School rating Distance
NR
Redemption Academy
423 Kamakee Street, Honolulu, HI 96814
0.284mi
4
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
0.659mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.853mi
5
out of 10
King William Lunalilo Elementary School
810 Pumehana St, Honolulu, HI 96826
0.918mi
6
out of 10
Voyager - A Public Charter School
547 Halekauwila St, Honolulu, HI 96813
0.933mi
School rating Distance
NR
Redemption Academy
423 Kamakee Street, Honolulu, HI 96814
0.284mi
6
out of 10
President George Washington Middle School
1633 South King St, Honolulu, HI 96826
0.766mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.853mi
6
out of 10
Voyager - A Public Charter School
547 Halekauwila St, Honolulu, HI 96813
0.933mi
8
out of 10
Myron B. Thompson Academy - A New Century Public Charter School
1040 Richards St, Honolulu, HI 96813
0.994mi
School rating Distance
3
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
0.456mi
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
0.855mi
8
out of 10
Myron B. Thompson Academy - A New Century Public Charter School
1040 Richards St, Honolulu, HI 96813
0.994mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
1.021mi
NR
Maryknoll Grade School
1722 Dole Street, Honolulu, HI 96822
1.11mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Sold Dec 1, 2021
Date Event Price $/sqft Source
Dec 1, 2021 Sold $9,600,000 $595.09 Public Record
Sep 1, 2021 Expired $12,000,000 $743.86 MLS #202106548
Aug 23, 2021 Under contract $12,000,000 $743.86 MLS #202106548
Mar 8, 2021 New Listing $12,000,000 $743.86 MLS #202106548
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Tax & MLS details 430 Piikoi Street, Honolulu, HI, 96814

Kak – Kakaako Community Development Project zoning / MLS #202106548
Current Property Taxes p/month
$4,746
Property Tax Year
2020
Assessed Improvement value
$1,479,000
Assessed Land value
$5,361,500
TMK
1-2-3-007-023-0000
Land Recorded
Land Court
Zoning
Kak – Kakaako Community Development Project
Flood Zone
Zone AE
Total Assessed value
$6,840,500
Listed by
Ivy K Realty, LLC
MLS #
202106548
Hawaii House tour report for this commercial
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Stunning views
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Similar homes nearby 430 Piikoi Street in Kakaako

Recently sold nearby 430 Piikoi Street in Kakaako

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Frequently asked questions for 430 Piikoi Street

What is 430 Piikoi Street?

430 Piikoi Street is a Commercial/Industrial

How many units does it have?

430 Piikoi Street has 23 units.

What is the rental income?

The net income is $313,035
*check with agent

What is the full address of this commercial?

430 Piikoi Street, Honolulu, HI, 96814.

What comparable properties are nearby?

Comparable nearby commercial properties include 1694 Kalakaua Ave, 810 Green St, 915 Kekaulike Street, 425 N King St, 2726 Waiwai Loop, 96-1243 Waihona Street.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Ivy K Realty, LLC. 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 30, 2021.
Hawaii House Last checked 1 minute ago.

Commercial sold $9,600,000 $12,000,000 430 Piikoi Street, Honolulu, HI, 96814 16,132 sqft Save House Remove from Saved