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Commercial sold for $1,550,000 in 63 days

3502 Waialae Ave Honolulu, HI, 96816

Neighborhood: Palolo

Off the market Commercial/Industrial

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This is a neat and clean commercial property located at the corner of Waialae Avenue & 10th Avenue. Property is situated across Kaimuki Park & Recreation Center which allows for a great visibility. Building was extensively renovated in 1995. Upside potential with step-up in space rents. Do not disturb tenants. Detailed financial information will be provided after an accepted offer.
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Property details

1929 year built
Price per sqft
$198/sqft
Address
3502 Waialae Ave, Honolulu, HI, 96816
City of Hawaii
Honolulu
Island
Oahu
Year Built
1929
Frontage
Main Street
Total Interior Area
3,913 sqft
Land tenure
FS - Fee Simple
Parking Spaces
9
Gross Income
139754.00
Net Operating Income
96008.00
Neighborhood
Palolo
District
Diamond Head

Nearby major retailers

Costco
Costco Tire Center
Foodland
Mercedes-Benz
Safeway
T-Mobile
Whole Foods Market
Ferrari
Wholesale: 1
Tyres: 1
Supermarket: 4
Car: 3
Mobile phone: 2
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Interior Features

9 parking places, Concrete floors
Roof
Other
Property Condition
Above Average
Floor Covering
Concrete
Easements
None
Documents Available
Lease Documents, Tax Return
Garage & Parking
On Site, Unassigned
Utilities Included
Light Electricity
Amenities
Private Restroom

Listed by

Christine G Adderley, The Realty Company, Ltd.
Name
Christine G Adderley
License number
RB-21954
Brokerage company
The Realty Company, Ltd.
MLS #
2409913

Buyer agent

Name
Tod J Tsukano
Brokerage company
Pacific Acquisitions, Ltd.
(808) 734-2277

Payment calculator

Calculate your monthly payments
Mortgage
$4,759
Taxes
$8,115
HOA dues
$0
$12,874 per month
Mortgage
$310,000 / 20%
2.28%
30 years
Your amount $4,759 / month

Exterior Features

Other construction and more
Construction
Other

Lot details

TMK #1330050160001
Parcel nr.
1330050160001

Palolo 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 Palolo

30%
Families with children
National average: 39%
31%
Non family households
171,711
Population
$133,294
Average Income

Age & gender

Median age 46 years
More info

Commute types

67% commute by car
More info

Education level

26% have bachelor education
More info

Number of employees

5% work in education and healthcare
More info

Vehicles available

46% have 1 vehicle
More info

Vehicles by gender

46% have 1 vehicle
More info

Housing market insights for #-

$917.7k
Neighborhood average
sales price*
$589.67k
Neighborhood median
sales price*
565
Number
of sales*

Housing type

53% are apartments
More info

Rooms

35% of the houses have 2 or 3 rooms
More info

Bedrooms

42% have 2 or 3 bedrooms
More info

Owners vs Renters

50% 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

15 schools with rating up to 10
School rating Distance
6
out of 10
Kahala Elementary School
4559 Kilauea Ave, Honolulu, HI 96816
Elementary School
0.293mi
NR
Star Of The Sea School
4469 Malia Street, Honolulu, HI 96821
Middle School
0.371mi
10
out of 10
Kalani High School
4680 Kalanianaole Hwy, Honolulu, HI 96821
High School
0.775mi
School rating Distance
6
out of 10
Kahala Elementary School
4559 Kilauea Ave, Honolulu, HI 96816
0.293mi
5
out of 10
Mayor John H Wilson Elementary School
4945 Kilauea Ave, Honolulu, HI 96816
0.318mi
NR
Star Of The Sea School
4469 Malia Street, Honolulu, HI 96821
0.371mi
7
out of 10
Waialae Elementary - Public Charter School
1045 19th Ave, Honolulu, HI 96816
0.427mi
NR
Kula Kokua Intensive Learning Center
845 22nd Ave, Honolulu, HI 96816
0.552mi
School rating Distance
NR
Star Of The Sea School
4469 Malia Street, Honolulu, HI 96821
0.371mi
NR
Kula Kokua Intensive Learning Center
845 22nd Ave, Honolulu, HI 96816
0.552mi
4
out of 10
SEEQS: the School for Examining Essential Questions of Sustainability
845 22nd Ave., Honolulu, HI 96816
0.578mi
NR
Sacred Hearts Academy
3253 Waialac Avenue, Honolulu, HI 96816
0.778mi
NR
Kaimuki Christian School
1117 Koko Head Ave, Honolulu, HI 96816
0.817mi
School rating Distance
10
out of 10
Kalani High School
4680 Kalanianaole Hwy, Honolulu, HI 96821
0.775mi
NR
Sacred Hearts Academy
3253 Waialac Avenue, Honolulu, HI 96816
0.778mi
NR
Kaimuki Christian School
1117 Koko Head Ave, Honolulu, HI 96816
0.817mi
NR
Variety School Of Hawaii
710 Palekaua Street, Honolulu, HI 96816
1.137mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
1.654mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Sold Sep 1, 2004

Palolo Median sales price 2024

Bedrooms Med. price % of listings
Not specified $1.75m 28.57%
3 beds $1.05m 35.71%
4 beds $1.28m 7.14%
5 beds $1.1m 7.14%
6 beds $1.21m 7.14%
7 beds $1.6m 7.14%
9 beds $1.8m 7.14%
Date Event Price $/sqft Source
Sep 1, 2004 Sold $1,550,000 198.06 Public Record
Sep 1, 2004 Price Decrease $1,550,000 -3.13% 198.06 MLS #2409913
Aug 24, 2004 Pending $1,600,000 204.45 MLS #2409913
Jul 16, 2004 Under contract $1,600,000 204.45 MLS #2409913
Jul 1, 2004 New Listing $1,600,000 204.45 MLS #2409913

Taxes of 3502 Waialae Ave, Honolulu, HI, 96816

32 - B-2 Community Business Dis zoning / MLS #2409913
Current Property Taxes p/month
$8,115
Assessed Improvement value
$189,900
Assessed Land value
$573,500
Land Recorded
Regular System
Zoning
32 - B-2 Community Business Dis
Flood Zone
Zone X
Total Assessed value
$763,400

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Frequently Asked Questions about 3502 Waialae Ave

What is 3502 Waialae Ave?

3502 Waialae Ave is a Exclusive Rights Commercial/Industrial property.

What is the rental income?

The net income is $96,008
*check with agent

What is the full address of this Commercial?

3502 Waialae Ave, Honolulu, HI, 96816.

What comparable properties are nearby?

Comparable nearby commercial properties include 1638 10th Ave, 821 Olokele Ave, 2110 Beretania St, 1007 Elsie Ln, 725 Kapiolani Blvd, 1402 Lusitana St.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of The Realty Company, Ltd..
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: Sep 01, 2004
Verhouse Last checked 1 minute ago


The closest grocery stores are Whole Foods Kahala, 0.02 miles away and Kahala Market, 0.11 miles away.
The Palolo neighborhood has a population of 171,711, and 30% of the families have children. The median age is 46.25 years and 67% commute by car. The most popular housing type is "apartment" and 50% is owner.
Commercial Sold $1.55m 3502 Waialae Ave, Honolulu, HI, 96816 Save House Remove from Saved