Renovated Ground-Floor Medical
For Sale
$695,000
B-302 California Ave, Wahiawa, HI 96786
Modern medical suite with multiple exam rooms, support areas, and convenient access to common parking.
Property Size1,280 SF
Price / SF$542.97
Days on Market68
Property Features for B-302 California Ave
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Business Opportunity
Additional Details
Floor
Ground Floor
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$23,299
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:
Exprealty
Added: Aug 11
Changed: Oct 12
Last Checked: Oct 16 at 1:01PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located within the Wahiawa Medical Building, this ground-floor medical office suite provides 1,280 square feet arranged for clinical operations. The layout includes four examination rooms, a triage room, storage, a conference area that can function as an employee lounge, and a restroom. The interior was fully renovated in August 2021 and features a contemporary finish with a mural in the reception area.
The unit sits across from the building’s common parking areas and offers freeway access. Lease terms are structured as triple net, with water included in CAM. The property is being sold in as-is condition, and an AS IS Condition document is required with an offer.
The unit sits across from the building’s common parking areas and offers freeway access. Lease terms are structured as triple net, with water included in CAM. The property is being sold in as-is condition, and an AS IS Condition document is required with an offer.
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.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Modern medical suite with multiple exam rooms, support areas, and convenient access to common parking.
Where is this medical office space located?
The property is located at B-302 California Ave 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
