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Property profile & analytics
OFF-MARKET Estimated value $1,370,000
Commercial real estate

650 California Ave Wahiawa, HI 96786-1934

3,981 SF 0.2 ac lot Built 1953
Individually Owned 4-yr Hold Free & Clear
Property ID
US24-0007671
Property summary
AI-generated overview

This exceptional 5,121 square foot retail building, situated on a 0.2-acre lot at 650 California Avenue in Wahiawa, Hawaii, presents a compelling investment opportunity. Currently housing seven tenants, several leases are up for renewal within the next year, offering potential for an owner-user to occupy space as vacancies arise. The property boasts ample parking, a significant advantage in a high-traffic area. Its B-2 zoning allows for a diverse range of uses. The building enjoys excellent visibility from California Avenue and even Kam Highway, thanks to a prominent, repositionable marquee sign. Two bays feature convenient roll-up loading doors, enhancing functionality. The Westervelt Center location provides added flexibility, making it ideal for owner-users seeking a well-situated property. Potential uses include, but are not limited to, medical clinics, veterinary clinics, and professional service businesses. The strong tenant base and high traffic counts contribute to a stable income stream, while the upcoming lease renewals provide an opportunity for strategic repositioning and increased profitability. The asking price is $1,690,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1953
Total area 3,981 SF
Lot 0.2 ac (8,602 SF)
Zoning code B-2
APN 1-7-4-004-013
UPID US24-0007671
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Double Dragon II (Bike/Boat/Book/etc) Store Arcade & Gaming Center
  • YB Builders General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.32M
CAP Approach CAP
$1.06M
Comparable Approach Comparable
$1.50M
Blend (final) Blend
$1.37M
Owner & transaction history
Daniel A Paz · 4 yrs held
Daniel A Paz
since 2022
Last sale
$1.6M
5 recorded transactions
2022
$1.6M
2019
Price N/A
2014
$880,000
2014
Price N/A
2013
Price N/A
Zoning & alternative use
B-2 · Wahiawa, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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