Turnkey Commercial
For Sale
Contact for pricing
602 Kailua Road Suite 105, Kailua, HI 96734
Ready-to-use cold-kitchen space with on-site customer parking in a neighborhood shopping center.
Property Size432 SF
Price / SF$231.48
Days on Market59
Property Features for 602 Kailua Road Suite 105
General Information
Standard status
Active
Size
432 SF
Property subtype
Retail
Zoning
B-2
Building Details
Tenancy
Single
Listing Agency:
Colliers - Honolulu, Hawaii
Listed By:
Pollyanna Tse · License #HI RS-86554
(808) 523-8364
Source:
Crexi
Added: Aug 19
Changed: Oct 9
Last Checked: Oct 16 at 6:30AM
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 Colliers - Honolulu, Hawaii
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Investment Insights
Based on property information with market context.
Suite 105 provides a 432 SF cold-kitchen setup within Kailua Shopping Center, with an existing build-out intended to reduce the improvements required before opening. The space is positioned for a grab-and-go, specialty food, or similar food-service concept, subject to applicable requirements. B-2 zoning is identified for the property.
The center is located at 602 Kailua Road in Kailua Town, along the area’s primary commercial corridor. On-site customer parking, prominent signage, and visibility support convenient access for visitors. The shopping center includes dining, retail, and service businesses, with established neighborhoods and nearby beaches contributing to the surrounding commercial setting.
The center is located at 602 Kailua Road in Kailua Town, along the area’s primary commercial corridor. On-site customer parking, prominent signage, and visibility support convenient access for visitors. The shopping center includes dining, retail, and service businesses, with established neighborhoods and nearby beaches contributing to the surrounding commercial setting.
Key Highlights
- 432 SF cold‑kitchen space in Suite 105
- Existing build‑out supports a ready‑to‑use food‑service setup
- B‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,669
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$113,380
$113.4K
Cap Rate 7%
$80,986
$81.0K
Cap Rate 9%
$62,989
$63.0K
Market Conditions
NOI Build-Up for 432 SF
Gross rent
$8.2K $18.96/SF
− Vacancy
−$93 −$0.21/SF
EGI
$8.1K $18.75/SF
− OpEx
−$2.4K −$5.62/SF
NOI
$5.7K $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%
$113,380
Cap Rate 7%
$80,986
Cap Rate 9%
$62,989
Alternative Uses
Best Use
Specialty Retail
$175.0K
$153.2K – $204.2K
NOI $12,252 @ 7.0% cap · market cap 12.25%
Second Best
Retail
$163.4K
$142.9K – $190.6K
NOI $11,435 @ 7.0% cap · market cap 11.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Demographics for 96734, HI
49,922
Population
18,208
Households
2.7
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
21.7 sq mi
ZIP Area
2,301
Density / Sq Mi
$131,554
Median Household Income
$56,374
Median Earnings
$3,297
Median Rent
$1,246,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Ready-to-use cold-kitchen space with on-site customer parking in a neighborhood shopping center.
Where is this commercial kitchen located?
The property is located at 602 Kailua Road Suite 105 Kailua, HI.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 432 SF cold‑kitchen space in Suite 105; Existing build‑out supports a ready‑to‑use food‑service setup; B‑2 zoning
