Property profile

2556 Lemon Rd Honolulu, HI 96815

OFF-MARKET
Hotels
Property ID
US24-0594785
5,800 SF 0.22 ac lot Built 1965
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is situated within the vibrant Waikiki Beachside Hostel at 2556 Lemon Rd, Honolulu, HI 96815. The property consists of two separate retail spaces, totaling 900 square feet of vacant space, within a larger 11,276 square foot building. Each space offers approximately 400-500 square feet and benefits from existing plumbing and a private restroom. Outdoor seating is also available, enhancing the appeal for customers. The building, constructed in 1965 and renovated in 2014, features two buildings with four stories each. The property sits on a 9,500 square foot lot (0.22 acres) and is zoned U/X6/20. Its convenient location near Paoakalani Street provides easy access to abundant public parking. This prime location in the heart of Oahu's highest-density tourist area offers unparalleled exposure and foot traffic. The property includes two suites in total and boasts a desirable location for a cafe or similar retail business. The property's APN is 1-2-6-027-023-0001, 1-2-6-027-023-0017. Electricity is available on site. This is a rare opportunity to establish a thriving business in one of Hawaii's most sought-after destinations.

Property profile

Verified
Property type Hotels
Use group HOTEL-RESORT
Year built 1965
Total area 5,800 SF
Lot 0.22 ac (9,500 SF)
Zoning code U/X6/20
APN 1-2-6-027-023
UPID US24-0594785

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Motorcycle Shop
  • Car Rental Facility
  • Hostel

Location

2556 Lemon Rd Honolulu, HI 96815-3740
Honolulu metro Census 1801 URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.15M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.56M

Owner & transaction history

since 2023
Last sale
$1.9M
3 recorded transactions
2023
Price N/A
2009
Price N/A
2007
$1.9M

Zoning & alternative use

U/X6/20 · Honolulu, HI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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