Renovated Ground-Floor Medical
For Sale
$695,000
302 California Avenue Unit B B, Wahiawa, HI 96786
Turnkey clinical space includes examination, triage, storage, conference, lounge, and restroom areas within a modern professional setting.
Property Size1,280 SF
Price / SF$542.97
Days on Market25
Property Features for 302 California Avenue Unit B B
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Business Opportunity
Additional Details
Floor
Ground Floor
Highway Access
Yes
Building Details
Year Renovated
2021
Listing Agency:
Ilar.Homes LLC
(808) 677-3662
Listed By:
Chona A Montesines Sonido · License #RS-46331
(808) 284-4185
Source:
Irhawaii
Added: Sep 11
Changed: Oct 4
Last Checked: Oct 4 at 2:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ilar.Homes LLC
Investment Insights
Based on property information with market context.
This ground-floor medical office suite provides 1,280 square feet of organized clinical and administrative space. The layout includes four examination rooms, a triage room, storage, a conference area that can function as an employee lounge, and a restroom. Interior improvements were completed in August 2021, with a modern finish and a mural positioned at the reception entry.
The suite is located in the Wahiawa Medical Building at 302 California Avenue, Unit B, in Wahiawa. Common parking areas are situated across from the unit, and the property offers access to nearby freeways. The sale is subject to an as-is condition. Water is included in CAM, and the lease structure is triple net.
The suite is located in the Wahiawa Medical Building at 302 California Avenue, Unit B, in Wahiawa. Common parking areas are situated across from the unit, and the property offers access to nearby freeways. The sale is subject to an as-is condition. Water is included in CAM, and the lease structure is triple net.
Key Highlights
- 1,280‑square‑foot ground‑floor medical office suite
- Four examination rooms plus a dedicated triage room
- Renovated in August 2021 with modern interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,760
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,200
$655.2K
Cap Rate 7%
$468,000
$468.0K
Cap Rate 9%
$364,000
$364.0K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$49.9K $39.00/SF
− Vacancy
−$6.2K −$4.88/SF
EGI
$43.7K $34.13/SF
− OpEx
−$10.9K −$8.53/SF
NOI
$32.8K $25.59/SF
Area
Honolulu County, HI
Vacancy
12.50%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,200
Cap Rate 7%
$468,000
Cap Rate 9%
$364,000
Alternative Uses
Best Use
Office B
$468.0K
$409.5K – $546.0K
NOI $32,760 @ 7.0% cap · market cap 4.71%
Second Best
Healthcare Medical
$329.9K
$288.7K – $384.9K
NOI $23,095 @ 7.0% cap · market cap 3.32%
Theoretical Best
Specialty Retail
$518.6K
$453.8K – $605.0K
NOI $36,301 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Demographics for 96786, HI
41,217
Population
14,444
Households
2.9
Avg Household Size
28
Median Age
25%
College-Educated
94%
High-School Grad
89.2 sq mi
ZIP Area
462
Density / Sq Mi
$83,488
Median Household Income
$46,027
Median Earnings
$2,784
Median Rent
$724,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey clinical space includes examination, triage, storage, conference, lounge, and restroom areas within a modern professional setting.
Where is this medical office space located?
The property is located at 302 California Avenue Unit B B Wahiawa, HI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,280‑square‑foot ground‑floor medical office suite; Four examination rooms plus a dedicated triage room; Renovated in August 2021 with modern interior finishes
