Second-Level Retail
For Sale
$400,000
98-1005 Moanalua Road 2204, Aiea, HI 96701
The unit sits near the escalators serving the center’s movie theater and includes additional office and storage space.
Property Size968 SF
Price / SF$413.22
Days on Market214
Property Features for 98-1005 Moanalua Road 2204
General Information
Standard status
Active
Size
968 SF
Property subtype
Business
Additional Details
Floor
2
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$12
Building Details
Building Size
968 SF
Year Built
1991
Listing Agency:
Kwang Suk Tabbal
Listed By:
Kwang Suk Tabbal · License #RB-14443
(808) 330-2557
Source:
Hirootsrealty
Added: Apr 3
Changed: Oct 29
Last Checked: Oct 30 at 2:53AM
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 Kwang Suk Tabbal
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 968-square-foot retail unit is on the second level of Pearlridge Center – Downtown. An approximately 200-square-foot addition on the second floor provides office and storage space. The building dates to 1991.
The unit is located near the escalators serving the center’s movie theater. Restaurants, businesses, and parking are also part of the center.
The unit is located near the escalators serving the center’s movie theater. Restaurants, businesses, and parking are also part of the center.
Key Highlights
- 968‑square‑foot retail unit on the second level
- Approximately 200‑square‑foot second‑floor addition for office and storage
- Near escalators serving the movie theater at Pearlridge Center – Downtown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,622
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,440
$512.4K
Cap Rate 7%
$366,029
$366.0K
Cap Rate 9%
$284,689
$284.7K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$38.4K $39.72/SF
− Vacancy
−$1.8K −$1.91/SF
EGI
$36.6K $37.81/SF
− OpEx
−$11.0K −$11.34/SF
NOI
$25.6K $26.47/SF
Area
Honolulu County, HI
Vacancy
4.80%
Lease Rate
$39.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,440
Cap Rate 7%
$366,029
Cap Rate 9%
$284,689
Alternative Uses
Best Use
Retail
$366.0K
$320.3K – $427.0K
NOI $25,622 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$392.2K
$343.2K – $457.6K
NOI $27,453 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Demographics for 96701, HI
42,833
Population
15,407
Households
2.8
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
25.3 sq mi
ZIP Area
1,693
Density / Sq Mi
$107,888
Median Household Income
$58,224
Median Earnings
$1,930
Median Rent
$913,300
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
Frequently Asked Questions
What type of property is this?
Retail space - The unit sits near the escalators serving the center’s movie theater and includes additional office and storage space.
Where is this retail space located?
The property is located at 98-1005 Moanalua Road 2204 Aiea, HI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 968‑square‑foot retail unit on the second level; Approximately 200‑square‑foot second‑floor addition for office and storage; Near escalators serving the movie theater at Pearlridge Center – Downtown
