Gas Station With Food
New
For Sale
$695,000
94-1015 Ka Uka Boulevard, Waipahu, HI 96797
Established fuel and convenience retail property serving the Waipio commercial area in Waipahu.
Property Size2,000 SF
Lot Size0.64 Acres
Price / SF$347.50
Days on Market5
Property Features for 94-1015 Ka Uka Boulevard
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.64 Acres
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$12
Building Details
Building Size
2,000 SF
Year Built
1991
Listing Agency:
Green Tree Realty
Listed By:
Soon Jung Yun · License #RS-68464
(808) 778-5124
Source:
Careyluxury
Added: Sep 13
Changed: Sep 15
Last Checked: Sep 16 at 11:17PM
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 gas station property includes a food mart and occupies a 27,923-square-foot land parcel in the Waipio commercial area. The improvements date to 1991, providing an established commercial operating site with both fuel and convenience retail components.
The property is located at 94-1015 Ka Uka Boulevard in Waipahu, near McDonald's, the Okinawa Cultural Center, a baseball field, and a park. The surrounding setting includes multiple commercial and recreational destinations, with the site described as experiencing substantial traffic.
The property information also notes potential for adding other businesses at the location and identifies possible E-2 visa eligibility.
The property is located at 94-1015 Ka Uka Boulevard in Waipahu, near McDonald's, the Okinawa Cultural Center, a baseball field, and a park. The surrounding setting includes multiple commercial and recreational destinations, with the site described as experiencing substantial traffic.
The property information also notes potential for adding other businesses at the location and identifies possible E-2 visa eligibility.
Key Highlights
- Gas station with an on‑site food mart
- 27,923‑square‑foot land parcel
- Located in Waipio commercial area
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
$56,720
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
8.16%
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%
$1,134,400
$1.1M
Cap Rate 7%
$810,286
$810.3K
Cap Rate 9%
$630,222
$630.2K
Market Conditions
NOI Build-Up for 2,000 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
$79.4K $39.72/SF
− Vacancy
−$3.8K −$1.91/SF
EGI
$75.6K $37.81/SF
− OpEx
−$18.9K −$9.45/SF
NOI
$56.7K $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%
$1,134,400
Cap Rate 7%
$810,286
Cap Rate 9%
$630,222
Alternative Uses
Best Use
Specialty Retail
$810.3K
$709.0K – $945.3K
NOI $56,720 @ 7.0% cap · market cap 8.16%
Second Best
Retail
$756.3K
$661.7K – $882.3K
NOI $52,939 @ 7.0% cap · market cap 7.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Demographics for 96797, HI
78,109
Population
21,327
Households
3.7
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
19.3 sq mi
ZIP Area
4,047
Density / Sq Mi
$110,036
Median Household Income
$44,685
Median Earnings
$1,981
Median Rent
$798,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Gas station - Established fuel and convenience retail property serving the Waipio commercial area in Waipahu.
Where is this gas station located?
The property is located at 94-1015 Ka Uka Boulevard Waipahu, HI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Gas station with an on‑site food mart; 27,923‑square‑foot land parcel; Located in Waipio commercial area
