Kapiolani Business Plaza

For Sale

1580 Makaloa St, Honolulu, HI 96814

This Honolulu property for sale is located at 1580 Makaloa St. The general use of Kapiolani Business Plaza is office and it incorporates 87,485 square feet of class B office space. Contact the listing broker for details on the current sale price for Kapiolani Business Plaza. Kapiolani Business Plaza is situated on a lot that is 0.59 acre in size.

Contacts

broker
Mark Bratton

Colliers

Property Details

  • Property Type Office - General Office
  • Property Size 87,485 SF
  • Lot Size 0.59 Acre
  • Building Class B
  • Year Built 1979
  • Date Updated Apr 21, 2025
Kapiolani Business Plaza (KBP) is a fee-simple, 87,485 SF Class B office building located in the heart of Honolulu’s Ala Moana submarket. Built in 1979, this 12-story asset is well recognized in the market and features, a diverse mix of 60 tenants that provide stable cash flow and reduced revenue risk. With a historically high occupancy rate, there is an opportunity to further enhance revenue by leasing the remaining spaces which are close to move-in ready and available for build-out. The property benefits from a favorable parking ratio of 2.6 stalls per 1,000 SF, enhancing its appeal to tenants. With its prime location, stable occupancy, and multiple repositioning opportunities, KBP presents a compelling investment in a high-growth urban market, well-suited for both value-add and long-term hold strategies.Kapiolani Business Plaza is strategically positioned in a thriving commercial district experiencing significant residential and hospitality development. Over the past five years, approximately 2,000 new condominium units and the newly built Renaissance Honolulu Hotel & Spa have fueled demand for office and commercial space. This property offers multiple investment strategies, including: • Condominium conversion, selling office suites to owner-users at a premium. • Targeting medical tenants to increase rental rates and asset value • Potential conversion to residential, aligning with the growing demand for affordable housing near Ala Moana’s expanding residential corridor.
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Highlights

  • Below Replacement Cost Acquisition
  • Thriving Suburban Office Market
  • Diverse Tenant Mix & Strong Cash Flow
  • Multiple Value-Add Strategies
  • Owner-User Potential

Getting around

  • 98/100

    Walk Score ®

  • 76/100

    Transit Score ®

  • 83/100

    Bike Score ®

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Location

  • City Honolulu, HI
  • Neighborhood Holiday Mart
  • Zip Code 96814
  • Market Honolulu

Points of Interest

  • Hālawa / Aloha Stadium

    8.12 miles

  • Kalauao / Pearlridge

    9.34 miles

  • Hele

    0.34 miles

  • コスモ

    0.37 miles

  • Union 76

    0.50 miles

  • Texaco

    0.52 miles

  • 76

    0.55 miles

  • Shell

    0.70 miles

  • Aloha Petroleum

    0.77 miles

  • ChargePoint

    1.21 miles

  • Kahala Mall

    3.59 miles

  • OpConnect

    5.56 miles

  • Don Quijote Parking

    0.12 miles

  • Kapiolani Residence Parking

    0.14 miles

  • Hale Kaheka Parking

    0.27 miles

  • Watermark Parking

    0.44 miles

  • 1448 & 1450 Young Street Parking

    0.45 miles

  • Ilikai Marina

    0.52 miles

  • Nauru Parking

    0.58 miles

  • Blood Bank Hawaii

    0.58 miles

  • Main Parking Lot

    0.62 miles

  • Hilton Hawaiian Village Parking

    0.67 miles

  • Pagoda Hotel

    0.18 miles

  • Ala Moana Hotel

    0.18 miles

  • Renaissance Honolulu Hotel & Spa

    0.24 miles

  • Renaissance Residences Oahu Honolulu

    0.24 miles

  • The Equus

    0.45 miles

  • Hawaii Prince Hotel

    0.47 miles

  • Tradewinds Hotel

    0.48 miles

  • Ilikai Marina Condos

    0.52 miles

  • The Modern Honolulu

    0.60 miles

  • The Ilikai Hotel

    0.60 miles

  • Don Quijote

    0.09 miles

  • Ross

    0.15 miles

  • Palama Supermarket

    0.16 miles

  • Target

    0.17 miles

  • Macy's

    0.22 miles

  • Ala Moana Center

    0.25 miles

  • Walmart

    0.26 miles

  • Neiman Marcus

    0.31 miles

  • Bloomingdale's

    0.41 miles

  • Nordstrom

    0.45 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Mark Bratton

Colliers

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