Operational Restaurant at Kapolei Village
For Sale
$235,000
4850 Kapolei Pkwy Unit 404, Kapolei, HI 96707
Fully operational restaurant business with seller-provided transition training and menu support.
Property Size675 SF
Price / SF$348.15
Days on Market13
Property Features for 4850 Kapolei Pkwy Unit 404
General Information
Standard status
Active
Size
675 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Listing Agency:
Five Star Realty, Inc.
(808) 850-3866
Listed By:
Trang Nadeau · License #RS-87493
Source:
Paradisebrokers
Added: Aug 20
Changed: Aug 31
Last Checked: Aug 31 at 6:27PM
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.
Investment Insights
Based on property information with market context.
This conventional restaurant business operates from Unit 404 at 4850 Kapolei Pkwy in Kapolei Village Center, Kapolei, Hawaii. The property is fully operational and has been maintained by the current owner.
The seller will provide up to four weeks of hands-on training along with menu support to assist with the transition. The offering is structured around an operating restaurant business in the Kapolei Village Center setting.
The seller will provide up to four weeks of hands-on training along with menu support to assist with the transition. The offering is structured around an operating restaurant business in the Kapolei Village Center setting.
Key Highlights
- Fully operational conventional restaurant business
- Located in Kapolei Village Center at 4850 Kapolei Pkwy Unit 404
- Current owner has maintained the operation
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
$19,143
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
8.15%
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%
$382,860
$382.9K
Cap Rate 7%
$273,471
$273.5K
Cap Rate 9%
$212,700
$212.7K
Market Conditions
NOI Build-Up for 675 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
$26.8K $39.72/SF
− Vacancy
−$1.3K −$1.91/SF
EGI
$25.5K $37.81/SF
− OpEx
−$6.4K −$9.45/SF
NOI
$19.1K $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 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%
$382,860
Cap Rate 7%
$273,471
Cap Rate 9%
$212,700
Alternative Uses
Best Use
Specialty Retail
$273.5K
$239.3K – $319.1K
NOI $19,143 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Demographics for 96707, HI
47,181
Population
16,554
Households
2.9
Avg Household Size
36
Median Age
34%
College-Educated
94%
High-School Grad
43.4 sq mi
ZIP Area
1,087
Density / Sq Mi
$121,409
Median Household Income
$57,269
Median Earnings
$2,551
Median Rent
$772,400
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 - Fully operational restaurant business with seller-provided transition training and menu support.
Where is this conventional restaurant located?
The property is located at 4850 Kapolei Pkwy Unit 404 Kapolei, HI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Fully operational conventional restaurant business; Located in Kapolei Village Center at 4850 Kapolei Pkwy Unit 404; Current owner has maintained the operation
