650 California Ave Wahiawa, HI 96786-1934
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.
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Double Dragon II (Bike/Boat/Book/etc) Store Arcade & Gaming Center
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YB Builders General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Wahiawa, HICosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.