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Property profile & analytics
OFF-MARKET Estimated value $3,320,000
Parking lots & garages

1450 Ala Moana Blvd Honolulu, HI 96814-4604

679,753 SF 34.93 ac lot Built 1999
Entity Owned 9-yr Hold Free & Clear
Property ID
US24-0524069
Property summary
AI-generated overview

This exceptional 932 square foot turnkey dessert shop is ideally situated at 1450 Ala Moana Boulevard in Honolulu, Hawaii, zip code 96814. Located within Honolulu County, this single-tenant retail space (APN: (1)-2-3-38-1) boasts a prime location, offering immediate occupancy for a new owner. The property is zoned BMX-3, making it suitable for a variety of food-related businesses. The building's total square footage is 932 square feet, with all 932 square feet currently vacant and ready for immediate use. This presents a unique opportunity for an entrepreneur looking to establish a thriving dessert business in a high-traffic area. Its proximity to major retailers like Target and an escape room ensures high foot traffic and visibility, creating a strong foundation for success. The property's address is easily accessible and benefits from the high volume of pedestrian and vehicular traffic characteristic of Ala Moana Boulevard. This turnkey operation offers a significant advantage to potential buyers, eliminating the need for extensive renovations or build-outs, allowing for a swift and efficient launch of a new venture. The property is ready for immediate occupation, minimizing the time to market and maximizing the potential for rapid return on investment. This is a rare opportunity to acquire a fully operational retail space in a highly desirable location.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1999
Total area 679,753 SF
Lot 34.93 ac (1,521,649 SF)
Zoning code BMX-3
APN 1-2-3-038-014
UPID US24-0524069
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tory Burch Clothing & Fashion Store
  • GhostBar Bar & Pub
  • Jollibee Restaurant
  • Corndogs by Mr. Cow Restaurant
  • Rakuten Card Lounge Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.32M
Owner & transaction history
Ross Dress For Less INC · 9 yrs held
Ross Dress For Less INC
since 2017
7 recorded transactions
2019
Price N/A
2017
$53.7M
2012
$200.0M
2008
Price N/A
2008
Price N/A
2007
Price N/A
2005
Price N/A
Zoning & alternative use
BMX-3 · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

272 (d) Use Regulations. (1) Permitted uses and structures for all zoning districts other than the BMX-4 central business mixed use district may be any of those uses permitted in the BMX-3 community business mixed use district; except that a hotel is not permitted on any zoning lot unless it is otherwise in compliance with the standards enumerated by Section…

Zone name Community Business Mixed Use District
General category MIXED_USE
Zone area 545.96 ac
Source Article 2
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