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    650 California Ave Wahiawa, HI 96786

    For Sale
    $1,690,000

    7-Tenant Retail Building, Ample Parking

    Property size:
    5,121 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 5,121 square foot retail building, situated on a 0.2-acre lot at 650 California Avenue in Wahiawa, Hawaii, presents a compelling investment opportunity. Currently housing seven tenants, several leases are up for renewal within the next year, offering potential for an owner-user to occupy space as vacancies arise. The property boasts ample parking, a significant advantage in a high-traffic area. Its B-2 zoning allows for a diverse range of uses. The building enjoys excellent visibility from California Avenue and even Kam Highway, thanks to a prominent, repositionable marquee sign. Two bays feature convenient roll-up loading doors, enhancing functionality. The Westervelt Center location provides added flexibility, making it ideal for owner-users seeking a well-situated property. Potential uses include, but are not limited to, medical clinics, veterinary clinics, and professional service businesses. The strong tenant base and high traffic counts contribute to a stable income stream, while the upcoming lease renewals provide an opportunity for strategic repositioning and increased profitability. The asking price is $1,690,000.

    Property Features for 650 California Ave

    General Information

    Property type
    Retail properties
    Square Feet
    5,121 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1953
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Double Dragon II Trading Card Store YB Builders Contractor

    Map

    City
    Wahiawa
    County
    Oahu
    State
    Hawaii
    Longitude
    -158.0276
    Latitude
    21.49714

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    FAQs

    What type of property is this?
    Retail property - 7-Tenant Retail Building, Ample Parking
    Where is this retail property located?
    The property is located at 650 California Ave Wahiawa, HI.
    What is the asking price?
    The asking price for this property is $1,690,000.
    (808) 738-3904
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    650 California Ave Wahiawa, HI 96786
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