Built-Out Izakaya
For Sale
$150,000
1960 Kapiolani Boulevard #107 107, Honolulu, HI 96826
Existing restaurant improvements include a fully equipped kitchen, dining areas, restrooms, parking, and an in-unit liquor license subject to approvals.
Property Size807 SF
Price / SF$185.87
Days on Market30
Property Features for 1960 Kapiolani Boulevard #107 107
General Information
Standard status
Active
Size
807 SF
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Listing Agency:
Nexus Estates LLC
(808) 722-7775
Listed By:
Ryosuke Hirayama · License #RS-86799
(808) 450-0881
Source:
Irhawaii
Added: Sep 6
Changed: Sep 8
Last Checked: Oct 4 at 2:26PM
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 Nexus Estates LLC
Investment Insights
Based on property information with market context.
This 807 SF izakaya restaurant is offered through an assignment of lease at 1960 Kapiolani Boulevard #107 in Honolulu. The premises are fully built out with FF&E, including table and counter seating, men’s and women’s restrooms, and a commercial kitchen configured with a grease trap, exhaust hood, grill, deep fryer, refrigerators, and freezers.
The lease extends through 2031. Customer parking is available, with employee parking offered for an additional fee. An existing liquor license is included subject to approvals. The tenant is responsible for base rent and CAM, water, advertising, percentage rent, grease trap service, GET, and separately metered gas and electricity.
The lease extends through 2031. Customer parking is available, with employee parking offered for an additional fee. An existing liquor license is included subject to approvals. The tenant is responsible for base rent and CAM, water, advertising, percentage rent, grease trap service, GET, and separately metered gas and electricity.
Key Highlights
- 807 SF izakaya restaurant at 1960 Kapiolani Boulevard #107, Honolulu
- Lease term extends through 2031 and is offered through Assignment of Lease
- Fully built‑out premises with FF&E included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,589
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,780
$211.8K
Cap Rate 7%
$151,271
$151.3K
Cap Rate 9%
$117,656
$117.7K
Market Conditions
NOI Build-Up for 807 SF
Gross rent
$15.3K $18.96/SF
− Vacancy
−$173 −$0.21/SF
EGI
$15.1K $18.75/SF
− OpEx
−$4.5K −$5.62/SF
NOI
$10.6K $13.12/SF
Area
Honolulu County, HI
Vacancy
1.13%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,780
Cap Rate 7%
$151,271
Cap Rate 9%
$117,656
Alternative Uses
Best Use
Specialty Retail
$327.0K
$286.1K – $381.5K
NOI $22,887 @ 7.0% cap · market cap 15.26%
Second Best
Industrial
$151.3K
$132.4K – $176.5K
NOI $10,589 @ 7.0% cap · market cap 7.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Demographics for 96826, HI
30,092
Population
16,564
Households
1.8
Avg Household Size
44
Median Age
38%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
27,356
Density / Sq Mi
$67,743
Median Household Income
$44,393
Median Earnings
$1,604
Median Rent
$485,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant improvements include a fully equipped kitchen, dining areas, restrooms, parking, and an in-unit liquor license subject to approvals.
Where is this conventional restaurant located?
The property is located at 1960 Kapiolani Boulevard #107 107 Honolulu, HI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 807 SF izakaya restaurant at 1960 Kapiolani Boulevard #107, Honolulu; Lease term extends through 2031 and is offered through Assignment of Lease; Fully built‑out premises with FF&E included
