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    3502 Waialae Ave Honolulu, HI 96816

    For Lease
    $45 SF/Yr ($14,673 /Mo)

    Honolulu Retail Space - 3,913 SF

    Lot size:
    3,913 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Honolulu retail property, located at 3502 Waialae Avenue, presents a compelling investment opportunity. The single-story building, constructed in 1965, encompasses a total of 3,913 square feet on a 6,904 square foot lot. Currently configured for multiple tenants, the property offers a flexible layout ideal for a variety of retail or restaurant uses. The B-2 zoning allows for diverse business applications. The property includes nine convenient parking spaces, a significant advantage in this high-traffic area. One retail space of 1,231 square feet is currently available. The property's address is 3502 Waialae Ave, Honolulu, HI 96816, and its location within Honolulu County provides excellent access to a thriving customer base. The property's Asset Property Number (APN) is 1-3-3-005-016-0001. This is a rare chance to acquire a well-situated retail property in a prime Honolulu location. The building's single-story design and ample parking make it highly attractive to both tenants and investors. The existing infrastructure provides a solid foundation for immediate occupancy or future development. This property is zoned B-2, offering flexibility for a range of commercial uses.

    Property Features for 3502 Waialae Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,913 SF
    Total Rate
    14673.75

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    3502-A
    Size
    1,231 SF
    Rate per SF
    $45

    HighLights

    • 3,913 SF retail building on a 6,904 SF lot in prime Kaimuki, Honolulu.
    • B‑2 zoning allows for diverse commercial uses.
    • Nine parking stalls.
    • One 1,231 SF retail space currently available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.80081
    Latitude
    21.28394

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    FAQs

    What type of property is this?
    Retail property - Honolulu Retail Space - 3,913 SF
    Where is this retail property located?
    The property is located at 3502 Waialae Ave Honolulu, HI.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: 3,913 SF retail building on a 6,904 SF lot in prime Kaimuki, Honolulu.; B-2 zoning allows for diverse commercial uses.; Nine parking stalls.
    Request Owner's contact information
    3502 Waialae Ave Honolulu, HI 96816
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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
    3502 Waialae Ave Honolulu, HI 96816
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