Property profile

549 Halemaumau St Ste C1 Honolulu, HI 96821

OFF-MARKET
Commercial real estate
Property ID
US24-0545715
1,325 SF Built 1964
Trust Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,484-square-foot restaurant space is available for lease in Honolulu, Hawaii, at 549 Halemaumau Street, Unit B4. Located within the bustling Niu Valley Center, this single-tenant property offers a prime location along Kalanianaole Highway. Benefit from existing restaurant infrastructure, allowing for customization to fit your specific needs. Lease directly from the landlord, eliminating any lease premium. The property is situated in a thriving commercial area, with established neighbors including Jack In the Box, 7-Eleven, and Gyotaku, ensuring high visibility and foot traffic. The 2024 common area maintenance (CAM) is estimated at $1.24 per square foot per month. Tenants are responsible for real property taxes and condominium maintenance fees. This retail space, classified as commercial and restaurant property within Honolulu County (zip code 96821), presents a unique opportunity for a discerning restaurateur seeking a well-positioned, ready-to-occupy establishment. The property is part of a larger commercial development, offering convenience and accessibility. The property's location provides excellent exposure to a diverse customer base. This is an ideal opportunity to establish or expand your restaurant business in a high-traffic area with strong existing businesses. The property is situated at 21.2831194 latitude and -157.7353789 longitude.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,325 SF
Zoning code U/31/30
APN 1-3-7-010-053-0005
UPID US24-0545715

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
  • Gym & Fitness Center
  • Hair Salon Nail Salon
  • Cafe & Coffee Shop
  • Financial Advisor
  • Financial Advisor

Location

549 Halemaumau St Ste C1 Honolulu, HI 96821-2150
Honolulu metro Census 200 URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2016
1 recorded transaction
2016
$1.1M

Zoning & alternative use

U/31/30 · 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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