Restaurant Asset with Kitchen
For Sale
$185,000
2250 Kalakaua Avenue LL105, Honolulu, HI 96815
The space includes a hood and ventilation system, plus access to outdoor dining shared with neighboring restaurants.
Property Size455 SF
Price / SF$406.59
Days on Market12
Property Features for 2250 Kalakaua Avenue LL105
General Information
Standard status
Active
Size
455 SF
Property subtype
Business
Restaurant
Commercial Hood
Yes
Patio
Yes
Equipment Included
Yes
Additional Details
Floor
Lower Level
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$12
Building Details
Building Size
455 SF
Listing Agency:
Five Star Realty, Inc.
Listed By:
Trang Nadeau · License #RS-87493
(808) 850-3866
Source:
Careyluxury
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 16 at 4:53PM
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 Five Star Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant asset includes a kitchen build-out and a hood with ventilation. The business has operated since 2024, and the space has a hot dog and banh mi concept. Outdoor dining is shared with neighboring restaurants.
Located at 2250 Kalakaua Avenue LL105 in Honolulu, the property is in Waikiki, where nearby hotels and businesses contribute to pedestrian activity.
Located at 2250 Kalakaua Avenue LL105 in Honolulu, the property is in Waikiki, where nearby hotels and businesses contribute to pedestrian activity.
Key Highlights
- Restaurant business operating since 2024
- Kitchen build‑out with hood and ventilation system
- Outdoor dining shared with neighboring restaurants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,904
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,080
$258.1K
Cap Rate 7%
$184,343
$184.3K
Cap Rate 9%
$143,378
$143.4K
Market Conditions
NOI Build-Up for 455 SF
Gross rent
$18.1K $39.72/SF
− Vacancy
−$867 −$1.91/SF
EGI
$17.2K $37.81/SF
− OpEx
−$4.3K −$9.45/SF
NOI
$12.9K $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%
$258,080
Cap Rate 7%
$184,343
Cap Rate 9%
$143,378
Alternative Uses
Best Use
Specialty Retail
$184.3K
$161.3K – $215.1K
NOI $12,904 @ 7.0% cap · market cap 6.98%
Second Best
Industrial
$85.3K
$74.6K – $99.5K
NOI $5,971 @ 7.0% cap · market cap 3.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Demographics for 96815, HI
28,786
Population
22,804
Households
1.3
Avg Household Size
48
Median Age
47%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
13,085
Density / Sq Mi
$75,020
Median Household Income
$55,543
Median Earnings
$1,903
Median Rent
$627,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The space includes a hood and ventilation system, plus access to outdoor dining shared with neighboring restaurants.
Where is this conventional restaurant located?
The property is located at 2250 Kalakaua Avenue LL105 Honolulu, HI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Restaurant business operating since 2024; Kitchen build‑out with hood and ventilation system; Outdoor dining shared with neighboring restaurants
