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Property profile & analytics
FOR SALE
Turn key restaurants

318 N Market St Wailuku, HI 96793

1,298 SF 0.09 ac lot Built 1949
Individually Owned 14-yr Hold Free & Clear
Property ID
US24-0010054
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1949
Construction WOOD
Total area 1,298 SF
Lot 0.09 ac (4,010 SF)
Zoning code B-2
APN 3-4-033-032
UPID US24-0010054
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k
Owner & transaction history
Rui Y Chen · 14 yrs held
Rui Y Chen
since 2012
5 recorded transactions
2012
$359,000
2007
$580,000
2002
$110,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-2 · Wailuku, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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