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650 California Ave

4,452 SF 100% Leased Retail Building Wahiawa, HI 96786 $1,690,000 ($380/SF) 4.49% Cap Rate

Investment Highlights

  • Great 7 unit retail building
  • Hard to find stand alone retail building priced low to sell
  • High traffic counts with excellent visibility

Executive Summary

Great retail building with 7 tenants. Some leases due to renew within the next 12 months and tenants would like to renew, but may be a good opportunity for an owner-user that wants to move into spaces as they become available. Ample parking. B-2 zoned. High traffic counts with great visibility from both California Avenue and even from Kam Hwy by the high positioned building marquee that can be redone for maximum signage. 2 bays with roll-up loading doors. Westervelt Center offers a great investment with added flexibility for a well-located owner user building. Medical clinic, vet clinic, professional services are just a few possibilities.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,452 SF
Building Class
C
Year Built
1953
Price
$1,690,000
Price Per SF
$380
Cap Rate
4.49%
NOI
$75,914
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Slab To Slab
9’
Building FAR
0.51
Lot Size
0.20 AC
Zoning
B-2 - Business
Parking
9 Spaces (2.02 Spaces per 1,000 SF Leased)
Frontage
100 FT on California Avenue

Amenities

  • Bus Line
  • Corner Lot
  • Fenced Lot
  • Signage
  • Air Conditioning
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Foodland
Rent-A-Center
American Savings Bank
ColorTyme
Zippy's
First Hawaiian Bank
Central Pacific Bank
L & L Hawaiian Barbecue

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-7-4-004-013-0000
Land Assessment
$1,075,300
Improvements Assessment
$429,000
Total Assessment
$1,504,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 33975304

  • Date on Market: 11/22/2024

  • Last Updated:

  • Address: 650 California Ave, Wahiawa, HI 96786

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