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1950 Kalihi Street, Honolulu, HI, 96819
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1950 Kalihi Street, Honolulu, HI 96819

$1,900,000  $88,000 Commercial active under contract 1,144 sqft Neighborhood:  Kalihi-upper
5 min walk to DeCorte Neighborhood Park
5 min drive to Fort Shafter Golf Course
About lifestyles
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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Details

1961 year built
  • Year Built 1961
  • Original list price $2,030,000
  • Days on market 322
  • Price per sqft $1,661/sqft
  • Address

    1950 Kalihi Street, Honolulu, HI, 96819

  • Frontage Main Street
  • Neighborhood Kalihi-upper
  • Land area 11,673 sqft / 0.268 acres
  • Total Interior Area 1,144 sqft
  • City of Oahu Honolulu
  • Region Honolulu
  • Island Oahu
  • Land tenure FS - Fee Simple
  • Net Operating Income 85558

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$9,688
Taxes
$2,173
HOA dues
$0
$11,861 per month
Mortgage
Down payment
$380,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $9,688 / month

Neighborhood: Kalihi-upper

Nearby & commute
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
15.5 / 20
Very walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Amenities & Features

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

Kalihi-upper prices

Average price $500.62k
Neighborhood average sales price*
$500.62k
Neighborhood median sales price*
$364.5k
Number or sales*
60
Street median sales price*
$635k
*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
4
out of 10
Kaewai Elementary School
1929 Kamehameha Iv Rd, Honolulu, HI 96819
0.262mi
5
out of 10
Kalihi Uka Elementary School
2411 Kalihi St, Honolulu, HI 96819
0.396mi
9
out of 10
Kapalama Elementary School
1601 North School St, Honolulu, HI 96817
0.522mi
7
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
3
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
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Active Under Contract Feb 18, 2024
Date Event Price $/sqft Source
Feb 18, 2024 Active Under Contract $1,900,000 $1,660.84 MLS #202313267
Feb 16, 2024 Price Decrease $1,900,000 -4.43% $1,660.84 MLS #202313267
Oct 24, 2023 Price Decrease $1,988,000 -2.07% $1,737.76 MLS #202313267
Jun 7, 2023 New Listing $2,030,000 +35.33% $1,774.48 MLS #202313267
Sep 22, 2022 Sold $1,500,000 -25% from last sold price $1,311.19 Public Record
Aug 1, 2022 Expired $2,000,000 $1,748.25 MLS #202209168
May 19, 2022 Active Under Contract $2,000,000 $1,748.25 MLS #202209168
May 12, 2022 New Listing $2,000,000 $1,748.25 MLS #202209168
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Tax & MLS details 1950 Kalihi Street, Honolulu, HI, 96819

31 - B-1 Neighborhood Business zoning / MLS #202313267
Current Property Taxes p/month
$2,173
Property Tax Year
2023
Assessed Improvement value
$147,100
Assessed Land value
$2,083,600
TMK
1-1-3-028-055-0000
Land Recorded
Land Court
Zoning
31 - B-1 Neighborhood Business
Flood Zone
Zone X
Total Assessed value
$2,230,700
Listed by
Standard Management LLC
(808) 208-8107
MLS #
202313267
Hawaii House tour report for this commercial
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Similar homes nearby 1950 Kalihi Street in Kalihi-upper

Recently sold nearby 1950 Kalihi Street in Kalihi-upper

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Frequently asked questions for 1950 Kalihi Street

What is 1950 Kalihi Street?

1950 Kalihi Street is a Commercial/Industrial

What is the rental income?

The net income is $85,558
*check with agent

What is the full address of this commercial?

1950 Kalihi Street, Honolulu, HI, 96819.

What comparable properties are nearby?

Comparable nearby commercial properties include 1810 N King Street, 2015 Waterhouse Street, 1178 N King Street, 215 Mokauea Street, 219 Kalihi Street, 110 N King Street.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Standard Management LLC. 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.

Listings last updated on February 18, 2024.
Hawaii House Last checked less than a minute ago.

Commercial active under contract $1,900,000  $88,000 1950 Kalihi Street, Honolulu, HI, 96819 1,144 sqft Save House Remove from Saved