91-2078 Fort Weaver Rd
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91-2078 Fort Weaver Rd
3,520 SF 100% Leased Retail Building Ewa Beach, HI 96706 £1,411,938 (£401/SF) 5.57% Net Initial Yield
Investment Highlights
- Ample parking all along Old Ft. Weaver Rd.
- Most of the rents are under market value because of long term relationships and both commercial and residential rents can be dramatically increased.
Executive Summary
Great income earning opportunity in Ewa Beach on Old Ft. Weaver Rd. Property is zoned R-5 but grandfathered for commercial use so you benefit from huge savings on property taxes. Property consists of auto detailing, barber shop, and tattoo shop, 2 3/1 units, 1 2/1 unit, and a studio with no kitchen/wet bar. Monthly gross income is $9,598/month and expenses are approximately $1,250/month. Most of the rents are under market value because of long term relationships and both commercial and residential rents can be dramatically increased. Or be an owner user and utilize this property for your own business. Ample parking all along Old Ft. Weaver Rd. The possibilities are endless and your options are wide open.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£90,355
|
£25.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£90,355
|
£25.67
|
| Taxes |
£5,234
|
£1.49
|
| Operating Expenses |
£6,533
|
£1.86
|
| Total Expenses |
£11,766
|
£3.34
|
| Net Operating Income |
£78,588
|
£22.33
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £90,355 |
| Annual Per SF | £25.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £90,355 |
| Annual Per SF | £25.67 |
| Taxes | |
|---|---|
| Annual | £5,234 |
| Annual Per SF | £1.49 |
| Operating Expenses | |
|---|---|
| Annual | £6,533 |
| Annual Per SF | £1.86 |
| Total Expenses | |
|---|---|
| Annual | £11,766 |
| Annual Per SF | £3.34 |
| Net Operating Income | |
|---|---|
| Annual | £78,588 |
| Annual Per SF | £22.33 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Building Size
3,520 SF
Building Class
C
Year Built
1938
Price
£1,411,938
Price Per SF
£401
Net Initial Yield
5.57%
NOI
£78,588
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.43
Land Acres
0.19 AC
Zoning
U/05/00 - Property is zoned R-5 but grandfathered for commercial use so you benefit from huge savings on property taxes.
-
Marc Kumai -
Ivy K Realty LLC
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91-2078 Fort Weaver Rd
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