Established Drive-In
For Sale
$320,000
2144 Auiki Street, Honolulu, HI 96819
Operating restaurant serving nearby industrial, commercial, and employee populations with catering demand from local companies.
Property Size1,000 SF
Days on Market23
Property Features for 2144 Auiki Street
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Business
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$12
Building Details
Building Size
1,000 SF
Year Built
1950
Listing Agency:
Green Tree Realty
Listed By:
Soon Jung Yun · License #RS-68464
(808) 778-5124
Source:
Commercialinvestmentstrategies
Added: Sep 13
Changed: Sep 25
Last Checked: Oct 4 at 3:01PM
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.
This restaurant property has operated for 32 years and includes a 1,000-square-foot facility originally built in 1950. The established operation has developed a base of repeat customers and also handles group and catering orders for area companies.
The property is positioned in Honolulu’s Sand Island area, surrounded by industrial and commercial businesses and a substantial employee population that includes Amazon workers. Its operating history and existing customer relationships provide a foundation for a family-operated restaurant business.
The property is positioned in Honolulu’s Sand Island area, surrounded by industrial and commercial businesses and a substantial employee population that includes Amazon workers. Its operating history and existing customer relationships provide a foundation for a family-operated restaurant business.
Key Highlights
- 32‑year operating history
- 1,000‑square‑foot restaurant facility
- Building constructed in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,360
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,200
$567.2K
Cap Rate 7%
$405,143
$405.1K
Cap Rate 9%
$315,111
$315.1K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$39.7K $39.72/SF
− Vacancy
−$1.9K −$1.91/SF
EGI
$37.8K $37.81/SF
− OpEx
−$9.5K −$9.45/SF
NOI
$28.4K $28.36/SF
Area
Honolulu County, HI
Vacancy
4.80%
Lease Rate
$39.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,200
Cap Rate 7%
$405,143
Cap Rate 9%
$315,111
Alternative Uses
Best Use
Specialty Retail
$405.1K
$354.5K – $472.7K
NOI $28,360 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Demographics for 96819, HI
53,334
Population
13,287
Households
4
Avg Household Size
39
Median Age
22%
College-Educated
84%
High-School Grad
21.8 sq mi
ZIP Area
2,447
Density / Sq Mi
$96,346
Median Household Income
$40,897
Median Earnings
$1,789
Median Rent
$963,900
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 - Operating restaurant serving nearby industrial, commercial, and employee populations with catering demand from local companies.
Where is this restaurant located?
The property is located at 2144 Auiki Street Honolulu, HI.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 32‑year operating history; 1,000‑square‑foot restaurant facility; Building constructed in 1950
