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1950 Kalihi St 1950 Kalihi St, Honolulu, HI, 96819
Neighborhood: Kalihi-upper$1,900,000 $88,000 Commercial active under contract Commercial/Industrial
EXCELLENT 1031 EXCHANGE OPPORTUNITY WITH IN-PLACE 4.5% CAP RATE WITH $85,558 IN PASSIVE CASH FLOW! LONG-TERM LEASE TO PAR HAWAII, HAWAII’S #1 RANKED COMPANY FOR 2023 (Hawaii Business Magazine). Incredible opportunity for an investor to acquire a fee simple single-tenant retail property with a long-term absolute triple net (NNN) lease to an excellent tenant, Par Hawaii, LLC (“Par Hawaii”). Par Hawaii was ranked the #1 in 2023 by Hawaii Business Magazine for its Top 250 list of Hawaii companies, with an annual revenue of $4.4 billion. Par Hawaii operates over 90 retail locations in Hawaii under the Hele, 76, and nomnom brands, in addition to an oil refinery which provides fuel to the islands. The lease structure allows for a passive management investment, with the tenant solely responsible for all costs of maintaining and operating the property. This property is the only gas station servicing the entire Kalihi Valley, making it high performing location on a busy thoroughfare. There is a clean environmental report as well.
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Property details
1961 year built
Price per sqft
$1,660/sqft
Days on Verhouse
323
Address
1950 Kalihi St, Honolulu, HI, 96819
City of Hawaii
Honolulu
Island
Oahu
Year Built
1961
Frontage
Main Street
Land tenure
FS - Fee Simple
Net Operating Income
85558.00
Neighborhood
Kalihi-upper
District
Honolulu
Nearby major retailers
Costco
Foodland
Lowe's
Mercedes-Benz
Safeway
Porsche
T-Mobile
Whole Foods Market
Ferrari
Wholesale: 1
Supermarket: 6
Do it yourself: 1
Car: 4
Mobile phone: 1
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Interior Features
Concrete floors
Roof
Other
Property Condition
Excellent
Floor Covering
Concrete
Easements
None
Documents Available
Environmental Assessment, Lease Documents, Survey
Garage & Parking
On Site, Street
Utilities Included
Large Water Meter, Light Electricity
Amenities
Private Restroom
Listed by
Michael M Okamoto, Standard Management LLC
(808) 208-8107
(808) 208-8107
Name
Michael M Okamoto
License number
RB-22000
Brokerage company
Standard Management LLC
(808) 208-8107
(808) 208-8107
MLS #
202313267
Payment calculator
Calculate your monthly payments
Mortgage
$5,834
Taxes
$2,173
HOA dues
$0
Mortgage
$380,000 / 20%
2.28%
30 years
Your amount
$5,834 / month
Exterior Features
Concrete Block, Metal Frame, Other construction and more
Construction
Concrete Block, Metal Frame, Other
Lot details
TMK #1130280550000
Parcel nr.
1130280550000
Kalihi-upper 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 Kalihi-upper
35%
Families with children
National average: 39%
28%
Non family households
416,417
Population
$128,695
Average Income
Age & gender
Median age 42 years
More info
Commute types
70% commute by car
More info
Education level
24% have high school education
More info
Number of employees
2% work in education and healthcare
More info
Vehicles available
42% have 1 vehicle
More info
Vehicles by gender
42% have 1 vehicle
More info
Housing market insights for 1950 Kalihi St
$652.42k
Neighborhood average
sales price*
sales price*
$517.2k
Neighborhood median
sales price*
sales price*
393
Number
of sales*
of sales*
Housing type
45% are apartments
More info
Rooms
33% of the houses have 4 or 5 rooms
More info
Bedrooms
53% have 2 or 3 bedrooms
More info
Owners vs Renters
51% are renters
More info
15.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Schools
15 schools with rating up to 9
| School rating | Distance | |
|---|---|---|
|
Kamehameha Schools Kapalama Campus
1887 Makuakane Street,
Honolulu, HI 96817
Elementary School |
0.153mi | |
|
Kamehameha Schools Kapalama Campus
1887 Makuakane Street,
Honolulu, HI 96817
Middle School |
0.153mi | |
|
Kamehameha Schools Kapalama Campus
1887 Makuakane Street,
Honolulu, HI 96817
High School |
0.153mi | |
| School rating | Distance | |
|---|---|---|
|
Kamehameha Schools Kapalama Campus
1887 Makuakane Street,
Honolulu, HI 96817
|
0.153mi | |
| out of 10 |
Kaewai Elementary School
1929 Kamehameha Iv Rd,
Honolulu, HI 96819
|
0.259mi |
| out of 10 |
Kalihi Uka Elementary School
2411 Kalihi St,
Honolulu, HI 96819
|
0.4mi |
| out of 10 |
Kapalama Elementary School
1601 North School St,
Honolulu, HI 96817
|
0.521mi |
| out of 10 |
Kalihi Waena Elementary School
1240 Gulick Ave,
Honolulu, HI 96819
|
0.717mi |
| School rating | Distance | |
|---|---|---|
|
Kamehameha Schools Kapalama Campus
1887 Makuakane Street,
Honolulu, HI 96817
|
0.153mi | |
| out of 10 |
Governor Sanford B Dole Middle School
1803 Kamehameha IV Rd,
Honolulu, HI 96819
|
0.239mi |
|
Damien Memorial School
1401 Houghtailing Street,
Honolulu, HI 96817
|
0.757mi | |
|
St John The Baptist Catholic School
2340 Omilo Lane,
Honolulu, HI 96819
|
0.98mi | |
|
Academy Of The Pacific
913 Alewa Drive,
Honolulu, HI 96817
|
1.078mi | |
| School rating | Distance | |
|---|---|---|
|
Kamehameha Schools Kapalama Campus
1887 Makuakane Street,
Honolulu, HI 96817
|
0.153mi | |
|
Damien Memorial School
1401 Houghtailing Street,
Honolulu, HI 96817
|
0.757mi | |
| out of 10 |
Governor Wallace Rider Farrington High School
1564 North King St,
Honolulu, HI 96817
|
0.865mi |
|
Academy Of The Pacific
913 Alewa Drive,
Honolulu, HI 96817
|
1.078mi | |
|
Halau Lokahi - A New Century Public Charter School
401 Waiakamilo Rd,
Honolulu, HI 96817
|
1.562mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Feb 18, 2024
Kalihi-upper Median sales price 2023
| Bedrooms | Med. price | % of listings |
|---|---|---|
| 2 beds | $690k | 6.25% |
| 3 beds | $850k | 43.75% |
| 4 beds | $890k | 6.25% |
| 5 beds | $1.1m | 6.25% |
| 6 beds | $1.04m | 12.5% |
| 7 beds | $990k | 6.25% |
| 8 beds | $955k | 12.5% |
| 9 beds | $1.33m | 6.25% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 18, 2024 | $1,900,000 | 1660.84 | MLS #202313267 | |
| Feb 16, 2024 | Price Decrease | $1,900,000 -4.43% | 1660.84 | MLS #202313267 |
| Oct 24, 2023 | Price Decrease | $1,988,000 -2.07% | 1737.76 | MLS #202313267 |
| Jun 6, 2023 | New Listing | $2,030,000 +1.5% | 1774.48 | MLS #202313267 |
| Aug 1, 2022 | Expired | $2,000,000 | 793.65 | MLS #202209168 |
| May 19, 2022 | Under contract | $2,000,000 | 793.65 | MLS #202209168 |
| May 12, 2022 | New Listing | $2,000,000 | 793.65 | MLS #202209168 |
Taxes of 1950 Kalihi St, Honolulu, HI, 96819
31 - B-1 Neighborhood Business zoning / MLS #202313267
Current Property Taxes p/month
$2,173
Assessed Improvement value
$147,100
Assessed Land value
$2,083,600
Land Recorded
Land Court
Zoning
31 - B-1 Neighborhood Business
Flood Zone
Zone X
Total Assessed value
$2,230,700
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2023 | $26,076 | MLS #202313267 |
| 2021 | $24,000 | MLS #202209168 |
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 1950 Kalihi St
What is 1950 Kalihi St?
1950 Kalihi St is a Exclusive Rights Commercial/Industrial property.
What is the rental income?
The net income is $85,558
*check with agent
What is the full address of this Commercial?
1950 Kalihi St, Honolulu, HI, 96819.
What comparable properties are nearby?
Comparable nearby commercial properties include 1810 King St, 2015 Waterhouse St, 1178 King St, 504 School St, 1639 Liliha St, 1734 Kahai 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: Feb 18, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Times Supermarket, 0.36 miles away and Palama Supermarket, 1.2 miles away.
The Kalihi-Upper neighborhood has a population of 416,417, and 35% of the families have children. The median age is 42.56 years and 70% commute by car. The most popular housing type is "apartment" and 51% is renter.
