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3036 Waialae Ave 4,949 SF 80% Leased Retail Building Honolulu, HI 96816 $8,750,000 ($1,768.03/SF) 5.40% Cap Rate
Executive Summary
Seldom Available Investment...Ideal location near heart of Kaimuki business district with local favorite eateries and boutiques. Foot traffic...near UH Manoa, Chaminade College...located across City Mill. Hi-visability mall with restaurants, beauty salon. Lots of free parking...about 20-stalls. Five of six units currently leased. Listing for two adjoining lots: TMK 1/2-8-028-026 & 1/2-8-028-037. Combined monthly property tax - $5296.35.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,949 SF
Building Class
C
Year Built
1955
Price
$8,750,000
Price Per SF
$1,768.03
Cap Rate
5.40%
NOI
$472,500
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.21 AC
Zoning
B-2
Parking
20 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
45’ on Waialae Ave
Amenities
- Bus Line
- Signage
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-2-8-028-026-0000 | Improvements Assessment | $413,300 |
| Land Assessment | $2,083,700 | Total Assessment | $2,497,000 |
Property Taxes
Parcel Number
1-2-8-028-026-0000
Land Assessment
$2,083,700
Improvements Assessment
$413,300
Total Assessment
$2,497,000
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Presented by
Realty 2000 Inc
3036 Waialae Ave
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