Renovated Ground-Floor Medical
For Sale
$695,000
302 California Avenue B, Wahiawa, HI 96786
Four examination rooms and flexible support areas create a functional clinical layout.
Property Size1,280 SF
Price / SF$542.97
Days on Market56
Property Features for 302 California Avenue B
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Business
Additional Details
Floor
Ground Floor
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$23,299
Building Details
Building Size
1,280 SF
Year Built
1975
Year Renovated
2021
Listing Agency:
Ilar.Homes LLC
Listed By:
Chona A Montesines Sonido · License #RS-46331
(808) 284-4185
Source:
Careyluxury
Added: Aug 11
Changed: Sep 22
Last Checked: Oct 4 at 4:09PM
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.
Ground-floor medical office space within Wahiawa Medical Building, offering 1,280 square feet arranged for clinical operations. The interior includes four examination rooms, a triage room, storage, a conference area that can function as an employee lounge, and one restroom. A modern interior finish and reception-area mural complement renovations completed in August 2021.
The unit is positioned across from the building’s common parking areas and provides freeway access. Lease terms are triple net, with water included in CAM. The property was built in 1975 and is offered in as-is condition.
The unit is positioned across from the building’s common parking areas and provides freeway access. Lease terms are triple net, with water included in CAM. The property was built in 1975 and is offered in as-is condition.
Key Highlights
- 1,280 SF medical office unit on the ground floor
- Four examination rooms plus a dedicated triage room
- Renovations completed in August 2021
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
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Current Use
Lease Details
1
Office units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Four examination rooms and flexible support areas create a functional clinical layout.
Where is this medical office space located?
The property is located at 302 California Avenue 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 SF medical office unit on the ground floor; Four examination rooms plus a dedicated triage room; Renovations completed in August 2021
