SOLD 07/17/2019
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Commercial sold for $3,260,000 in 29 days
98-316 Kamehameha Hwy 98-316 Kamehameha Hwy, Aiea, HI, 96701
Neighborhood: Aiea AreaOff the market Commercial/Industrial
FEE SIMPLE. 4.6% cap rate ($150,000 NOI) with new long-term (10 year) NNN lease to Seven-Eleven Hawaii, Inc. with rent increases. Excellent location at the first stop light after exiting the Moanalua Freeway into the Aiea/Pearlridge Business District. Zero landlord responsibilities - tenant solely responsible for all costs of maintaining and operating the improvements and land. Building completely renovated and expanded by Seven-Eleven in 2019.
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Property details
1987 year built
Price per sqft
$1,333/sqft
Address
98-316 Kamehameha Hwy, Aiea, HI, 96701
City of Hawaii
Aiea
Island
Oahu
Year Built
1987
Frontage
Main Street
Land tenure
FS - Fee Simple
Parking Spaces
13
Gross Income
150000.00
Net Operating Income
150000.00
Neighborhood
Aiea Area
District
Pearlcity
Nearby major retailers
Walmart Supercenter
Lowe's
Safeway
Foodland
T-Mobile
Supermarket: 4
Do it yourself: 1
Mobile phone: 1
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Interior Features
13 parking places, Concrete floors
Roof
Aluminum/Steel, Other
Property Condition
Excellent
Floor Covering
Concrete
Easements
Sewer
Documents Available
Building Plans, Environmental Assessment, Lease Documents, P&L, Permits, Survey, Title Search
Garage & Parking
On Site
Utilities Included
Light Electricity, Small Water Meter
Amenities
None
Listed by
Michael M Okamoto, Standard Management LLC
Name
Michael M Okamoto
License number
RB-22000
Brokerage company
Standard Management LLC
MLS #
201910325
Buyer agent
Name
NON MLS
Brokerage company
Non-MLS
Payment calculator
Calculate your monthly payments
Mortgage
$10,009
Taxes
$1,175
HOA dues
$0
Mortgage
$652,000 / 20%
2.28%
30 years
Your amount
$10,009 / month
Exterior Features
Concrete Block, Remodeled construction and more
Construction
Concrete Block, Remodeled
Lot details
TMK #1980180380000
Parcel nr.
1980180380000
Aiea Area 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 Aiea Area
34%
Families with children
National average: 39%
25%
Non family households
190,500
Population
$128,937
Average Income
Age & gender
Median age 41 years
More info
Commute types
85% commute by car
More info
Education level
26% have high school education
More info
Number of employees
5% work in education and healthcare
More info
Vehicles available
38% have 2 vehicle
More info
Vehicles by gender
38% have 2 vehicle
More info
Housing market insights for 98-316 Kamehameha Hwy
$731.25k
Neighborhood average
sales price*
sales price*
$604k
Neighborhood median
sales price*
sales price*
216
Number
of sales*
of sales*
Housing type
48% 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
62% are owners
More info
13.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Schools
13 schools with rating up to 6
| School rating | Distance | |
|---|---|---|
|
Our Savior Lutheran School
98-1098 Moanalua Road,
Aiea, HI 96701
Elementary School |
0.213mi | |
|
Our Savior Lutheran School
98-1098 Moanalua Road,
Aiea, HI 96701
Middle School |
0.213mi | |
| out of 10 |
Aiea High School
981276 Ulune St,
Aiea, HI 96701
High School |
0.619mi |
| School rating | Distance | |
|---|---|---|
|
Our Savior Lutheran School
98-1098 Moanalua Road,
Aiea, HI 96701
|
0.213mi | |
| out of 10 |
Alvah A Scott Elementary School
981230 Moanalua Rd,
Aiea, HI 96701
|
0.339mi |
| out of 10 |
Aiea Elementary School
99370 Moanalua Rd,
Aiea, HI 96701
|
0.378mi |
|
St Elizabeth Elementary School
99-310 Moanalua Road,
Aiea, HI 96701
|
0.561mi | |
| out of 10 |
Pearl Ridge Elementary School
98940 Moanalua Rd,
Aiea, HI 96701
|
0.76mi |
| School rating | Distance | |
|---|---|---|
|
Our Savior Lutheran School
98-1098 Moanalua Road,
Aiea, HI 96701
|
0.213mi | |
| out of 10 |
Alvah A Scott Elementary School
981230 Moanalua Rd,
Aiea, HI 96701
|
0.339mi |
| out of 10 |
Aiea Elementary School
99370 Moanalua Rd,
Aiea, HI 96701
|
0.378mi |
|
St Elizabeth Elementary School
99-310 Moanalua Road,
Aiea, HI 96701
|
0.561mi | |
| out of 10 |
Pearl Ridge Elementary School
98940 Moanalua Rd,
Aiea, HI 96701
|
0.76mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Aiea High School
981276 Ulune St,
Aiea, HI 96701
|
0.619mi |
|
Calvary Chapel Christian School
98-1016 Komo Mai Drive,
Aiea, HI 96701
|
1.53mi | |
|
Grace Christian Academy
99-833 Iwaena Street,
Aiea, HI 96701
|
1.612mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Jul 17, 2019
Aiea Area Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| 3 beds | $725k | 50% |
| 4 beds | $998k | 50% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jul 17, 2019 | Sold | $3,260,000 | 1333.88 | Public Record |
| May 16, 2019 | Pending | $3,260,000 | 1333.88 | MLS #201910325 |
| May 2, 2019 | For sale | $3,260,000 | 1333.88 | MLS #201910325 |
| Apr 23, 2019 | Pending | $3,260,000 | 1333.88 | MLS #201910325 |
| Apr 9, 2019 | New Listing | $3,260,000 -6.54% | 1333.88 | MLS #201910325 |
| Mar 26, 2019 | Withdrawn | $3,488,000 | 1427.17 | MLS #201903964 |
| Mar 5, 2019 | Price Decrease | $3,488,000 -6.99% | 1427.17 | MLS #201903964 |
| Feb 7, 2019 | New Listing | $3,750,000 | 1534.37 | MLS #201903964 |
Taxes of 98-316 Kamehameha Hwy, Aiea, HI, 96701
32 - B-2 Community Business Dis zoning / MLS #201910325
Current Property Taxes p/month
$1,174
Assessed Improvement value
$230,900
Assessed Land value
$979,400
Land Recorded
Land Court
Zoning
32 - B-2 Community Business Dis
Flood Zone
Zone X
Total Assessed value
$1,210,300
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2018 | $14,099 | MLS #201903964 |
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 98-316 Kamehameha Hwy
What is 98-316 Kamehameha Hwy?
98-316 Kamehameha Hwy is a Exclusive Rights Commercial/Industrial property.
What is the rental income?
The net income is $150,000
*check with agent
What is the full address of this Commercial?
98-316 Kamehameha Hwy, Aiea, HI, 96701.
What comparable properties are nearby?
Comparable nearby commercial properties include 96-1243 Waihona St, 2161 School St, 215 Mokauea St, 1810 King St, 219 Kalihi St, 1218 King St.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Standard Management LLC.
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 17, 2019
Verhouse Last checked 4 minutes ago
The closest grocery stores are Times Supermarkets, 0.5 miles away and Down to Earth Pearlridge, 0.54 miles away.
The Aiea Area neighborhood has a population of 190,500, and 34% of the families have children. The median age is 41.08 years and 85% commute by car. The most popular housing type is "single detached" and 62% is owner.