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3040 Waialae Ave, Honolulu, HI, 96816
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3040 Waialae Ave, Honolulu, HI 96816

$9,600,000 Commercial for sale 4,949 sqft Neighborhood:  University
Prime Commercial Property Investment Opportunity Located in the Heart of Kaimuki | Near UH Manoa | Across from City Mill Kaimuki Presenting a rare opportunity to acquire a high-performing commercial asset in one of Honolulu’s most dynamic and desirable neighborhoods — Kaimuki. This offering consists of two adjacent lots (TMK: 1-2-8-028-037, MLS 202511158), which must be sold together, and the listing price is the combined price of the two lots. Property Highlights: 6 commercial units currently occupied by 5 restaurants and 1 hair salon. 100% leased and fully operational 20 on-site parking stalls — a rare amenity in this high-traffic area Current Cap Rate: 4.5% Zoning and location support strong long-term potential for rent growth and property value appreciation Ideally situated just minutes from the University of Hawai‘i at Manoa and directly across the street from City Mill Kaimuki, this property benefits from constant foot traffic, local demand, and excellent visibility.
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Details

1955 year built
  • Year Built 1955
  • Days on market 52
  • Price per sqft $1,940/sqft
  • Address

    3040 Waialae Ave, Honolulu, HI, 96816

  • Frontage Main Street, Retail Mall
  • Neighborhood University
  • Land area 9,062 sqft / 0.208 acres
  • Total Interior Area 4,949 sqft
  • City of Oahu Honolulu
  • Region Honolulu
  • Island Oahu
  • Land tenure FS - Fee Simple
  • Parking Spaces 20

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$48,948
Taxes
$2,575
HOA dues
$0
$51,523 per month
Mortgage
Down payment
$1,920,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $48,948 / month

Neighborhood: University

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
14 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Amenities & Features

20 parking places, Concrete floors
Property Condition
Excellent
Construction/Exterior Finish
Brick
Floor Covering
Concrete
Easements
Other
Parking
On Site, Unassigned
Utilities Included
Gas, Large Water Meter
Amenities
Private Restroom

University prices

Average price $797.33k
Neighborhood average sales price*
$797.33k
Neighborhood median sales price*
$635k
Number or sales*
23
Street median sales price*
$604.5k
Median sale price Naniwa Gardens*
$574k
*last 6 months

Schools

15 schools with rating up to 9
School rating Distance
NR
Aikane O Hokulani
2940 Kamakini St, Honolulu, HI 96816
Elementary School
0.162mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
Middle School
0.161mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
High School
0.161mi
School rating Distance
NR
Aikane O Hokulani
2940 Kamakini St, Honolulu, HI 96816
0.162mi
9
out of 10
Hokulani Elementary School
2940 Kamakini St, Honolulu, HI 96816
0.204mi
7
out of 10
Aliiolani Elementary School
1240 7th Ave, Honolulu, HI 96816
0.463mi
NR
St Patrick School
3320 Harding Avenue, Honolulu, HI 96816
0.485mi
4
out of 10
Prince Jonah Kuhio Elementary School
2759 South King St, Honolulu, HI 96826
0.546mi
School rating Distance
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
0.161mi
NR
St Patrick School
3320 Harding Avenue, Honolulu, HI 96816
0.485mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.676mi
NR
Our Redeemer Lutheran School
2428 Wilder Avenue, Honolulu, HI 96822
0.868mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.872mi
School rating Distance
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
0.161mi
3
out of 10
Kaimuki High School
2705 Kaimuki Ave, Honolulu, HI 96816
0.392mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.676mi
NR
Lutheran High School Of Hawaii
1404 University Avenue, Honolulu, HI 96822
0.805mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.872mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Cancelled Jun 27, 2021
Date Event Price $/sqft Source
Jun 27, 2021 Cancelled $150,000 $30.31 MLS #202115254
Jun 14, 2021 New Listing $150,000 +500% $30.31 MLS #202115254
Feb 12, 2013 Expired $25,000 $5.05 MLS #1201709
Feb 13, 2012 New Listing $25,000 -70.59% $5.05 MLS #1201709
Oct 30, 2008 Expired $85,000 $17.18 MLS #2807219
Apr 29, 2008 New Listing $85,000 +183.33% $17.18 MLS #2807219
Sep 11, 2007 Sold $30,000 -33.33% from last sold price $6.06 Public Record
Sep 8, 2007 In Escrow - not showing $45,000 $9.09 MLS #2714168
Sep 8, 2007 Active Under Contract $45,000 $9.09 MLS #2714168
Jul 31, 2007 New Listing $45,000 -35.71% $9.09 MLS #2714168
May 14, 2002 Expired $70,000 $14.14 MLS #2201571
Feb 13, 2002 New Listing $70,000 -17.65% $14.14 MLS #2201571
Oct 30, 1996 Expired $85,000 $17.18 MLS #9891849
Oct 22, 1996 Price Decrease $85,000 -10.53% $17.18 MLS #9891849
Oct 16, 1996 New Listing $95,000 $19.20 MLS #9891849
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Tax & MLS details 3040 Waialae Ave, Honolulu, HI, 96816

MLS #202509693
Current Property Taxes p/month
$2,575
Assessed Improvement value
$407,800
TMK
1-2-8-028-026-0000
Flood Zone
Zone X
Total Assessed value
$2,497,000
Listed by
HI Choice Realty
(808) 545-4989
MLS #
202509693
Hawaii House tour report for this commercial
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Frequently asked questions for 3040 Waialae Ave

What is 3040 Waialae Ave?

3040 Waialae Ave is a Commercial/Industrial

What is the rental income?

What is the full address of this commercial?

3040 Waialae Ave, Honolulu, HI, 96816.

What comparable properties are nearby?

Comparable nearby commercial properties include 3036 Waialae Ave, 1038 Kapahulu Ave, 1016 Kapahulu Ave, 1694 Kalakaua Ave, 1079-1085 S Beretania St, 1175 Hopaka St.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of HI Choice Realty. 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 May 15, 2025.
Hawaii House Last checked 1 minute ago.

Commercial for sale $9,600,000 3040 Waialae Ave, Honolulu, HI, 96816 4,949 sqft Save House Remove from Saved