Kapiolani Business Plaza

1580 Makaloa St, Honolulu, HI 96814

  • For Sale Submit Offer
  • Property Type Office - General Office
  • Property Size 173,643 SF
  • Lot Size 0.59 Acre
  • Building Class B
  • Year Built 1979
  • Date Updated Apr 14, 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

Contacts

broker
Mark Bratton

Colliers

Location

Getting Around

  • Walk Score ®

    98/100 Walker's Paradise

  • Transit Score ®

    76/100 Excellent Transit

  • Bike Score ®

    83/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • U-Choice In

    0.04 miles

  • Santouka Ramen

    0.05 miles

  • Thai Taste

    0.06 miles

  • Wagyukushi

    0.06 miles

  • Leo’s Taverna Express

    0.06 miles

  • Sushi Robot & Plate Lunch

    0.06 miles

  • Takoyaki Yamachan

    0.07 miles

  • Pho Saigon

    0.09 miles

  • Teddy's Bigger Burgers

    0.10 miles

  • Shokudo

    0.10 miles

  • Heald College

    0.11 miles

  • Global Village Hawaii

    0.19 miles

  • Washington Middle School

    0.33 miles

  • King William Lunalilo Elementary School

    0.43 miles

  • Central Pacific College

    0.54 miles

  • Maryknoll High School

    0.69 miles

  • McKinley High School

    0.69 miles

  • Queen Ka'ahumanu Elementary School

    0.70 miles

  • Maryknoll School

    0.80 miles

  • Ala Wai Elementary

    0.98 miles

  • KCAA Muriel Preschool

    0.81 miles

  • UHM Children’s Center

    1.12 miles

  • Mother Rice Preschool

    1.24 miles

  • Waikiki Community Center Preschool

    1.76 miles

  • Harris Preschool

    1.84 miles

  • KCAA Wai-Kahala Preschool

    3.77 miles

  • Ko‘olau Boys Home

    8.02 miles

  • Hui Kū Maoli Ola

    8.31 miles

  • Iroqouis Point Pre-School

    9.22 miles

  • Sunshine Works Preschool

    9.81 miles

Frequently Asked Questions

How much does Kapiolani Business Plaza cost?

The sale price for Kapiolani Business Plaza is available upon request. Contact the listing broker for more information.

What is the total square footage of Kapiolani Business Plaza?

Kapiolani Business Plaza totals 173,643 square feet.

When was this property built?

Kapiolani Business Plaza was built in 1979.

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Contact Listing Broker
broker
Mark Bratton

Colliers

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