Log In/Sign Up
Your email has been sent.
Choi's Garden Center 1303 Rycroft St 6,207 SF Vacant Retail Building Honolulu, HI 96814 $8,268,000 CAD ($1,332.04 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Prime Location in Honolulu's Densely Populated Area
- Immediate Stabilized Income with Rent Growth Potential
- Value-Add Upside - Mark to Market with Potential NOI Growth
- High Transit Oriented Development (TOD) Zone with Increased FAR (Density)
- 5.75% Going-in CAP Rate
- Re-development Opportunity in Honolulu's Thriving Development Area
Executive Summary
Rare fee simple investment opportunity in Honolulu’s highly sought-after Ala Moana corridor. The 12,767-square-foot property includes a 6,211-square-foot building and 21 on-site parking stalls, offering strong in-place cash flow at a 5.75% cap rate. Located just minutes from Ala Moana Center, Don Quijote, Walmart, and major thoroughfares including Kapiolani Boulevard and King Street, the property benefits from exceptional accessibility and visibility. Zoned BMX-3 and situated within Honolulu’s Transit-Oriented Development (TOD) zone, the site offers significant value-add and redevelopment potential with increased allowable density. Surrounded by over 2,300 new condominium units delivered in recent years, the property is well-positioned to benefit from continued growth in one of Honolulu’s most densely populated urban neighborhoods.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,207 SF
Building Class
C
Year Built
1957
Price
$8,268,000 CAD
Price Per SF
$1,332.04 CAD
Cap Rate
5.75%
NOI
$475,410 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.49
Lot Size
0.29 AC
Zoning
BMX-3 - Business Mixed Use Zoning
Parking
25 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Restaurant
- Signage
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-2-3-014-006-0000 | Improvements Assessment | $791,110 CAD |
| Land Assessment | $5,277,878 CAD | Total Assessment | $6,068,988 CAD |
Property Taxes
Parcel Number
1-2-3-014-006-0000
Land Assessment
$5,277,878 CAD
Improvements Assessment
$791,110 CAD
Total Assessment
$6,068,988 CAD
1 of 25
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Choi's Garden Center | 1303 Rycroft St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.