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1950 Kalihi Street, Honolulu, HI 96819

$1,500,000 $2,000,000 Commercial sold 2,520 sqft Neighborhood:  Kalihi-upper Sold 09/16/2022 $1,500,000 $2,000,000
Kalihi neighborhood service station with longtime tenant (Hele/Tesoro Gas) for sale. Location is conveniently right off Likelike Highway and School Street. Tenant is currently under 1 of 4 extension options of 5-years each. Tenant also invested $300,000 into the property with new fuel tanks, pumps, pump canopy and convenience store in 2015-16. Current lease rent is guaranteed for $5892 a month till end of 2022 then increases to $6482 per month 2023-2024. Each lease extension from end of 2024 increases 10% every five years.
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Details

1961 year built
Year Built
1961
Original list price
$2,000,000
Days on market
128
Price per sqft
$595/sqft
Address

1950 Kalihi Street, Honolulu, HI, 96819

Neighborhood
Kalihi-upper
Land area
11,673 sqft / 0.268 acres
Total Interior Area
2,520 sqft
City of Oahu
Honolulu
Region
Honolulu
Island
Oahu
Land tenure
FS - Fee Simple
Listed by
Jeffrey H. Cochrane
MLS #
202209168

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$7,744
Taxes
$2,000
HOA dues
$0
$9,744 per month
Mortgage
Down payment
$300,000 / 20%
Interest rate
6.7%
Loan type
30 years
Your amount $7,744 / month

Commute & accessibility

Coffee shops
4 mins by car
2.85 mi
Bus stop
less than a minute walk
0.01 mi
Supermarket
3 mins by bike
0.55 mi
Hospital
8 mins by bike
1.62 mi
Park
5 mins walk
0.3 mi
Beach
9 mins by car
3.77 mi
Elementary school
7 mins walk
0.41 mi
Middle school
7 mins walk
0.41 mi
High school
7 mins walk
0.41 mi
Local airport
9 mins by car
4.73 mi
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Walkability

Walkability according to the National Walkability Index

Walkability according to the National Walkability Index

15.50 / 20
Most Walkable
15-20
10-15
5-10
1-5

Amenities & Features

Concrete floors
Roof
Other
Property Condition
Excellent
Business Type
Convenience Store, Other, S
Construction/Exterior Finish
Concrete Block, Metal Frame, Other
Air Conditioning
Central AC
Loading
Other
Floor Covering
Concrete
Income Information Source
Owner
Expense Information Source
Appraisal, Owner
Easements
None
Documents Available
Lease Documents
Lessee/Tenant Pays
Common Area Maintenance, Electricity, Excise Tax, Fire Ins, Janitorial/Trash Removal, Lease Rent, Liability Ins, Real Estate Taxes, Water
Parking
On Site
Utilities Included
Large Water Meter, Light Electricity
Amenities
ADA Compliant, Private Restroom

Neighborhood: Kalihi-upper

Average price $862.2k
Neighborhood average sales price*
$862.2k
Neighborhood median sales price*
$881.5k
Number or sales*
10
Street median sales price*
$1.28m
*last 6 months

Schools

15 schools with rating up to 9
School rating Distance
NR
Kamehameha Schools Kapalama Campus
1887 Makuakane Street, Honolulu, HI 96817
Elementary School
0.152mi
NR
Kamehameha Schools Kapalama Campus
1887 Makuakane Street, Honolulu, HI 96817
Middle School
0.152mi
NR
Kamehameha Schools Kapalama Campus
1887 Makuakane Street, Honolulu, HI 96817
High School
0.152mi
School rating Distance
NR
Kamehameha Schools Kapalama Campus
1887 Makuakane Street, Honolulu, HI 96817
0.152mi
3
out of 10
Kaewai Elementary School
1929 Kamehameha Iv Rd, Honolulu, HI 96819
0.262mi
9
out of 10
Kalihi Uka Elementary School
2411 Kalihi St, Honolulu, HI 96819
0.396mi
8
out of 10
Kapalama Elementary School
1601 North School St, Honolulu, HI 96817
0.522mi
6
out of 10
Kalihi Waena Elementary School
1240 Gulick Ave, Honolulu, HI 96819
0.722mi
School rating Distance
NR
Kamehameha Schools Kapalama Campus
1887 Makuakane Street, Honolulu, HI 96817
0.152mi
1
out of 10
Governor Sanford B Dole Middle School
1803 Kamehameha IV Rd, Honolulu, HI 96819
0.244mi
NR
Damien Memorial School
1401 Houghtailing Street, Honolulu, HI 96817
0.758mi
NR
St John The Baptist Catholic School
2340 Omilo Lane, Honolulu, HI 96819
0.985mi
NR
St. John the Baptist Catholic School
2340 Omilo Lane, Honolulu, HI 96819
1mi
School rating Distance
NR
Kamehameha Schools Kapalama Campus
1887 Makuakane Street, Honolulu, HI 96817
0.152mi
NR
Damien Memorial School
1401 Houghtailing Street, Honolulu, HI 96817
0.758mi
2
out of 10
Governor Wallace Rider Farrington High School
1564 North King St, Honolulu, HI 96817
0.868mi
NR
Academy Of The Pacific
913 Alewa Drive, Honolulu, HI 96817
1.074mi
NR
Halau Lokahi - A New Century Public Charter School
401 Waiakamilo Rd, Honolulu, HI 96817
1.565mi
Data provided by Greatschools.org

Price history

Sold Sep 22, 2022
Date Event Price $/sqft Source
Sep 22, 2022 Sold $1,500,000 $595.24 Public Record
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
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Activity

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Tax details 1950 Kalihi Street, Honolulu, HI, 96819

30 - Commercial zoning / MLS #202209168
Current Property Taxes p/month
$2,000
Property Tax Year
2021
Assessed Improvement value
$141,800
Assessed Land value
$1,961,100
TMK
1-1-3-028-055-0000
Land Recorded
Land Court
Zoning
30 - Commercial
Flood Zone
Zone X
Total Assessed value
$2,102,900

Hawaii House tour report 1950 Kalihi Street, Honolulu, HI, 96819

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Recently sold nearby 1950 Kalihi Street, Honolulu, HI, 96819

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.Listings last updated on 09-30-2022. Copyright 2022 by HiCentral Mls, Ltd. Listing courtesy of Jeffrey H. Cochrane. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.

Commercial sold $1,500,000 $2,000,000 1950 Kalihi Street, Honolulu, HI, 96819 2,520 sqft Save House Remove from Saved