318 Market St, Wailuku, HI 96793-1158
This exceptional commercial property, situated in the heart of historic Wailuku, presents a unique investment opportunity. The building is currently configured as a fully operational restaurant, complete with a dedicated dining area and restroom facilities. The commercial kitchen is well-equipped and features essential components for efficient food service, including a fire suppression system, a powerful vent hood, a walk-in refrigerator, a walk-in freezer, and a grease trap. This ensures compliance with all necessary safety and operational standards. Beyond the restaurant space, the property offers significant additional value with a residential component. Located on the upper level, this area comprises two bedrooms and one bathroom, providing versatile options for owner occupancy, staff housing, or potential rental income. The 0.09-acre lot includes a paved parking area located behind the building, providing ample and convenient parking for patrons and residents. The property's prime location in Wailuku's historic district offers excellent visibility and accessibility, making it an ideal location for a thriving restaurant business. The combination of commercial and residential space makes this a truly unique and attractive investment opportunity. The property is priced at $998,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Wailuku, HIWailuku. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.