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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
Investment Highlights
- Located along Waialae Avenue, a primary commercial corridor
- Surrounded by established restaurants, boutiques, and neighborhood services
- Located in one of Honolulu’s most established neighborhood retail districts
- Minutes from University of Hawaii at Manoa and Chaminade University of Honolulu
- Six commercial units with diversified tenant mix
- Directly across from City Mill Kaimuki
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 - Honolulu's B-2 Community Business District
Parking
20 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
45’ on Waialae Ave
Amenities
- Bus Line
- Signage
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
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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3036 Waialae Ave
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