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Commercial sold for $2,850,000 in 89 days

98-051 Kamehameha Hwy 98-051 Kamehameha Hwy, Aiea, HI, 96701

Neighborhood: Waimalu

Off the market Commercial/Industrial

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First time being sold. Hard to find fee simple mixed-use commercial building for sale in Aiea. Great cash flow. 24 parking stalls. Two-story walk-up. Separately metered for electricity. Ground floor tenants have their own restrooms and common men's and women's restrooms on second floor. 60 foot height limit.
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Property details

1975 year built
Price per sqft
$468/sqft
Address
98-051 Kamehameha Hwy, Aiea, HI, 96701
City of Hawaii
Aiea
Island
Oahu
Year Built
1975
Frontage
Main Street
Land tenure
FS - Fee Simple
Parking Spaces
24
Gross Income
187738.00
Net Operating Income
149316.00
Neighborhood
Waimalu
District
Pearlcity

Nearby major retailers

Walmart Supercenter
Safeway
Foodland
T-Mobile
Supermarket: 4
Mobile phone: 1
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Interior Features

24 parking places, Other floors
Roof
Composition
Property Condition
Average
Floor Covering
Other
Easements
None
Documents Available
Lease Documents, P&L
Garage & Parking
On Site
Utilities Included
Light Electricity
Amenities
None

Listed by

Kevin Y Nishikawa, Marcus & Associates, Inc.
Name
Kevin Y Nishikawa
License number
RB-17304
Brokerage company
Marcus & Associates, Inc.
MLS #
201708145

Buyer agent

Name
NON MLS
Brokerage company
Non-MLS

Payment calculator

Calculate your monthly payments
Mortgage
$8,751
Taxes
$1,749
HOA dues
$0
$10,500 per month
Mortgage
$570,000 / 20%
2.28%
30 years
Your amount $8,751 / month

Exterior Features

Concrete Block construction and more
Construction
Concrete Block

Lot details

TMK #1980210410000
Parcel nr.
1980210410000

Waimalu neighborhood info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data

People living in Waimalu

37%
Families with children
National average: 39%
24%
Non family households
190,500
Population
$128,937
Average Income

Age & gender

Median age 39 years
More info

Commute types

84% commute by car
More info

Education level

25% have high school education
More info

Number of employees

5% work in education and healthcare
More info

Vehicles available

39% have 2 vehicle
More info

Vehicles by gender

39% have 2 vehicle
More info

Housing market insights for 98-051 Kamehameha Hwy

$705.99k
Neighborhood average
sales price*
$567.45k
Neighborhood median
sales price*
238
Number
of sales*

Housing type

43% are single detacheds
More info

Rooms

38% of the houses have 4 or 5 rooms
More info

Bedrooms

63% have 2 or 3 bedrooms
More info

Owners vs Renters

58% are owners
More info
16.33 / 20
Most Walkable
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Schools

13 schools with rating up to 9
School rating Distance
2
out of 10
Aiea Elementary School
99370 Moanalua Rd, Aiea, HI 96701
Elementary School
0.232mi
2
out of 10
Aiea Elementary School
99370 Moanalua Rd, Aiea, HI 96701
Middle School
0.232mi
6
out of 10
Aiea High School
981276 Ulune St, Aiea, HI 96701
High School
0.617mi
School rating Distance
2
out of 10
Aiea Elementary School
99370 Moanalua Rd, Aiea, HI 96701
0.232mi
NR
St Elizabeth Elementary School
99-310 Moanalua Road, Aiea, HI 96701
0.265mi
5
out of 10
Alvah A Scott Elementary School
981230 Moanalua Rd, Aiea, HI 96701
0.394mi
NR
Our Savior Lutheran School
98-1098 Moanalua Road, Aiea, HI 96701
0.466mi
7
out of 10
Gustav H Webling Elementary School
99370 Paihi St, Aiea, HI 96701
0.916mi
School rating Distance
2
out of 10
Aiea Elementary School
99370 Moanalua Rd, Aiea, HI 96701
0.232mi
NR
St Elizabeth Elementary School
99-310 Moanalua Road, Aiea, HI 96701
0.265mi
5
out of 10
Alvah A Scott Elementary School
981230 Moanalua Rd, Aiea, HI 96701
0.394mi
NR
Our Savior Lutheran School
98-1098 Moanalua Road, Aiea, HI 96701
0.466mi
9
out of 10
Aiea Intermediate School
99600 Kulawea St, Aiea, HI 96701
0.71mi
School rating Distance
6
out of 10
Aiea High School
981276 Ulune St, Aiea, HI 96701
0.617mi
NR
Grace Christian Academy
99-833 Iwaena Street, Aiea, HI 96701
1.314mi
NR
Calvary Chapel Christian School
98-1016 Komo Mai Drive, Aiea, HI 96701
1.838mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Sold Jul 14, 2017

Waimalu Median sales price 2024

Bedrooms Med. price % of listings
No data for selected period
Date Event Price $/sqft Source
Jul 14, 2017 Sold $2,850,000 468.75 Public Record
Jul 14, 2017 Price Decrease $2,850,000 -3.39% 468.75 MLS #201708145
May 4, 2017 Under contract $2,950,000 485.2 MLS #201708145
Apr 18, 2017 New Listing $2,950,000 485.2 MLS #201708145

Taxes of 98-051 Kamehameha Hwy, Aiea, HI, 96701

32 - B-2 Community Business Dis zoning / MLS #201708145
Current Property Taxes p/month
$1,749
Assessed Improvement value
$344,400
Assessed Land value
$1,348,000
Land Recorded
Regular System
Zoning
32 - B-2 Community Business Dis
Flood Zone
Zone D
Total Assessed value
$1,692,400

Tax History

Year Taxes Source
2016 $20,988 MLS #201708145
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About Tax & History Data: We obtain the price and history data from public records and / or from local MLS feeds. Please use the contact form on this page if you would like the most up-to-date information.

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Frequently Asked Questions about 98-051 Kamehameha Hwy

What is 98-051 Kamehameha Hwy?

98-051 Kamehameha Hwy is a Exclusive Rights Commercial/Industrial property.

What is the rental income?

The net income is $149,316
*check with agent

What is the full address of this Commercial?

98-051 Kamehameha Hwy, Aiea, HI, 96701.

What comparable properties are nearby?

Comparable nearby commercial properties include 2161 School St, 215 Mokauea St, 1810 King St, 219 Kalihi St, 94-109 Pupukahi St, 1178 King St.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Marcus & Associates, Inc..
Our company may forward your question(s), email address, phone number, name, and any other information you may provide to a licensed real estate agent in the state where the property you are inquiring about is located. We forward your information to assist you in getting you the answers you are requesting. However, you are not obligated to work with this agent. The agent we forward your information to may or may not be the listing agent for the property. Please discuss with the agent regarding your options for representation. Information deemed reliable but not guaranteed.

Listing last updated: Jul 14, 2017
Verhouse Last checked 2 minutes ago


The closest grocery stores are Times Supermarkets, 0.29 miles away and Down to Earth Pearlridge, 0.86 miles away.
The Waimalu neighborhood has a population of 190,500, and 37% of the families have children. The median age is 39.77 years and 84% commute by car. The most popular housing type is "single detached" and 58% is owner.
Commercial Sold $2.85m 98-051 Kamehameha Hwy, Aiea, HI, 96701 Save House Remove from Saved