Aiea Restaurant Opportunity For
For Sale
$455,000
98-20 Kamehameha Hwy, Aiea, HI 96701
Established Aiea restaurant with loyal customer base and steady revenue.
Property Size1,500 SF
Price / SF$303.33
Days on Market382
Property Features for 98-20 Kamehameha Hwy
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Business Opportunity
Listing Agency:
Green Tree Realty
Listed By:
Soon Jung Yun · License #RS-68464
(808) 946-2980
Source:
Paradisebrokers
Added: Sep 1, 2025
Changed: Sep 8
Last Checked: Sep 15 at 8:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Green Tree Realty
Investment Insights
Based on property information with market context.
Located in the heart of Aiea at Waimalu Shopping Center, Jackie's Restaurant is available for purchase. This long-standing eatery is a local and visitor favorite, known for its authentic Portuguese dishes, classic Hawaiian favorites, and the popular Ahi Poke Bowl. The restaurant benefits from steady revenue and a loyal customer base. This is a turnkey operation, including recipes and equipment, making it ready to operate immediately. This opportunity may be suitable for an E2 Visa.
Key Highlights
- Established Restaurant with Loyal Customer Base and Steady Revenue
- Turnkey Operation: Includes Recipes and Equipment
- Prime Location in Waimalu Shopping Center, Aiea
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,704
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$794,080
$794.1K
Cap Rate 7%
$567,200
$567.2K
Cap Rate 9%
$441,156
$441.2K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.6K $39.72/SF
− Vacancy
−$2.9K −$1.91/SF
EGI
$56.7K $37.81/SF
− OpEx
−$17.0K −$11.34/SF
NOI
$39.7K $26.47/SF
Area
Honolulu County, HI
Vacancy
4.80%
Lease Rate
$39.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$794,080
Cap Rate 7%
$567,200
Cap Rate 9%
$441,156
Alternative Uses
Best Use
Specialty Retail
$607.7K
$531.8K – $709.0K
NOI $42,540 @ 7.0% cap · market cap 9.35%
Second Best
Retail
$567.2K
$496.3K – $661.7K
NOI $39,704 @ 7.0% cap · market cap 8.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Demographics for 96701, HI
42,833
Population
15,407
Households
2.8
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
25.3 sq mi
ZIP Area
1,693
Density / Sq Mi
$107,888
Median Household Income
$58,224
Median Earnings
$1,930
Median Rent
$913,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Restaurant - Established Aiea restaurant with loyal customer base and steady revenue.
Where is this restaurant located?
The property is located at 98-20 Kamehameha Hwy Aiea, HI.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Established Restaurant with Loyal Customer Base and Steady Revenue; Turnkey Operation: Includes Recipes and Equipment; Prime Location in Waimalu Shopping Center, Aiea
