Kilani Avenue Commercial Building For
650 Kilani Avenue Wahiawa, HI 96786
650 Kilani Avenue, Wahiawa, HI, 96786
$1,775,000
Pending
For Sale
$1,775,000
Pending
4,500 sq. ft. building on a 9,964 sq. ft. lot.
Property Size4,500 SF
Lot Size0.23 Acres
Days on Market230
Property Features for 650 Kilani Avenue
General Information
- Standard status
- Pending
- Size
- 4,500 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing agency
LAU & ASSOCIATES, LLC
(808) 223-0074
Listed by
STEVEN H LAU
Source
Corcoran
Added: Dec 4, 2025 Updated: Jul 10 at 3:46PM Checked: Jul 22 at 6:56AM
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 LAU & ASSOCIATES, LLC
Investment Insights
Based on property information with market context.
This commercial property features a free-standing concrete block building of approximately 4,500 square feet situated on a 9,964 square foot lot zoned B-2. The building includes office spaces, two repair bays equipped with automotive lifts, a large storage area, and restrooms. The front parking area is paved and can accommodate several vehicles. A driveway to the right of the property provides an access easement to the back. Previously used as a car dealership, the business is not included in the sale. The property may be sold together with the adjacent vacant land at 656 Kilani Ave, which comprises 54,700 sq. ft. of B-2 and R-5 zoned land.
Key Highlights
- Large, level 9,964 sq. ft. B‑2 zoned lot suitable for various business uses.
- Approx. 4,500 sq. ft. concrete block building with office spaces, two repair bays with automotive lifts, large storage area, and restrooms.
- Existing infrastructure for automotive repair, including two automotive lifts.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.7k | $39.72 |
| − Vacancy | −$8.6k | −$1.91 |
| EGI | $170.2k | $37.81 |
| − OpEx | −$51.0k | −$11.34 |
| NOI | $119.1k | $26.47 |
4,500 SF · lease $39.72/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.99M
NOI $119,112 @ 7.0% cap · market cap 6.71%
Second Best
Industrial
$843.6K
$738.1K – $984.2K
NOI $59,049 @ 7.0% cap · market cap 3.33%
Theoretical Best
Specialty Retail
$1.82M
$1.60M – $2.13M
NOI $127,620 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Abundant Life Church
Church
Star Auto Wahiawa
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Automotive property - 4,500 sq. ft. building on a 9,964 sq. ft. lot.
Where is this automotive property located?
The property is located at 650 Kilani Avenue Wahiawa, HI.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: Large, level 9,964 sq. ft. B‑2 zoned lot suitable for various business uses.; Approx. 4,500 sq. ft. concrete block building with office spaces, two repair bays with automotive lifts, large storage area, and restrooms.; Existing infrastructure for automotive repair, including two automotive lifts.
