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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    656 Kilani Ave Wahiawa, HI 96786

    • Commercial real estate
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US24-0387370
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 656 Kilani Ave

    Lot size
    0.46 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional property at 656 Kilani Avenue, Wahiawa, HI offers a substantial 20,000 square foot paved yard for lease. Situated on a 0.46-acre lot, this space is perfect for various commercial uses. The property is zoned B-2, and only clean business operations are permitted. The yard itself is fully fenced, providing a secure environment for your operations. While a grassy area adjacent to the property is currently utilized by another tenant, this lease focuses solely on the 20,000 square foot paved area. This offers a significant advantage for businesses requiring ample outdoor space for storage, equipment, or operations that benefit from a secure, paved yard. The location in Wahiawa provides convenient access to major transportation routes, making it an attractive option for businesses needing efficient logistics. The asking price for this exceptional opportunity is $5,000. This is a rare opportunity to secure a large, well-maintained paved yard in a desirable location. Contact us today to schedule a viewing and discuss your business needs. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wahiawa
    County
    Oahu
    State
    Hawaii
    Longitude
    -158.0289
    Latitude
    21.49917

    Comparable in this City

    • $1,775,000
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      Wahiawa Commercial Building - Great Potential

      Large lot, spacious building, ideal for redevelopment.
      650 Kilani Ave, Wahiawa, HI 96786
      View Details
    • $8,250,000

      Wahiawa Multifamily Investment Opportunity

      Centrally located Wahiawa apartment building with income growth potential.
      55 Walker Ave, Wahiawa, HI 96786
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    • $650,000

      Land in Wahiawa, Hawaii

      Cleared land near Schofield Barracks and Wheeler Army Airfield.
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    • $3,950,000
      11,704 SF

      1203 Whitmore Ave

      Restaurants • 11,704 SF
      1203 Whitmore Ave, Wahiawa, HI 96786
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    • $650,000

      Land in Wahiawa, Hawaii

      Cleared land near Schofield Barracks, suitable for development.
      41 Lakeview Cir, Wahiawa, HI 96786
      View Details
    • $650,000

      Land in Wahiawa, Hawaii

      Cleared land suitable for apartment complexes or single-family residence.
      33 Lakeview Cir, Wahiawa, HI 96786
      View Details

    Similar Nearby for Sale

    • $1,775,000
      6,572 SF

      Wahiawa Commercial Building - Great Potential

      Large lot, spacious building, ideal for redevelopment.
      650 Kilani Ave, Wahiawa, HI 96786
      View Details
    • $8,250,000

      Wahiawa Apartment Building For Sale

      Centrally-located Wahiawa apartment building with 36 units and 33 parking.
      55 Walker Ave, Wahiawa, HI 96786
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    • $1,980,000

      Wahiawa Multifamily Investment Opportunity

      Eleven-unit apartment building in a desirable location with recent upgrades.
      142 Lakeview Cir, Wahiawa, HI 96786
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    • $1,550,000

      Wahiawa Multifamily Investment Opportunity

      Multifamily property in stellar location with income and growth potential.
      174 Wilikina Dr, Wahiawa, HI 96786
      View Details
    • $1,100,000

      Mixed-Use Property in Wahiawa

      Mixed-use property with commercial space and residential unit in Wahiawa.
      117 Mango St, Wahiawa, HI 96786
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    • $997,500
      1,265 SF

      Renovated Duplex in Wahiawa

      Clean, renovated duplex or single-family home, potential income property.
      1223 Neal Ave, Wahiawa, HI 96786
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    Similar Nearby for Lease

    • Contact for pricing
      123,720 SF

      Wahiawa Town & Shopping Center

      Prime Retail Investment Opportunity in Hawaii
      935 California Ave, Wahiawa, HI 96786
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    • $33 SF/Yr
      10,650 SF

      Wahiawa Mall Retail Space Available

      Prime Kamehameha Hwy Retail Space
      70 Kukui St, Wahiawa, HI 96786
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    656 Kilani Ave
    Wahiawa, HI 96786
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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