65 Walker Ave 5,891 SF 80% Leased Retail Building Wahiawa, HI 96786 $2,300,000 ($390.43/SF) 6.31% Cap Rate

Central Wahiawa Commercial Location
Located along South Kamehameha Highway, the property benefits from direct frontage on Wahiawa’s primary commercial corridor serving Central O’ahu. Wahiawa functions as a key connector between Honolulu, the North Shore, and nearby military installations, capturing consistent daily traffic from residents, commuters, and service-oriented users. The site’s visibility and accessibility support ongoing retail and service demand.
Neighborhood-Serving Retail Corridor
The property sits within Wahiawa’s established retail and service strip, characterized by locally focused businesses, essential services, and longstanding community operators. This corridor supports necessity-based retail and service uses that rely on repeat local traffic rather than destination shopping, reinforcing the property’s role as a functional neighborhood commercial location.
Stable Local Trade Area
Wahiawa is supported by a stable residential population with long-term occupancy and consistent demand for everyday goods and services. The surrounding trade area benefits from limited retail alternatives, encouraging reliance on nearby commercial offerings. These dynamics create a dependable customer base for value-oriented retail and service tenants.
Military & Public-Sector Employment Influence
Proximity to major military installations, including Schofield Barracks and Wheeler Army Airfield, provides a steady employment base and daily population flow into the surrounding area. Combined with education, healthcare, and public-sector employment, these drivers contribute to consistent weekday and weekend activity along the corridor.
Value-Add Retail Opportunity
The property presents an opportunity to reposition, re-tenant, or improve an existing retail structure in a supply-constrained Central O’ahu market. With limited new commercial development and high replacement costs, well-located assets along Kamehameha Highway offer investors the ability to enhance income through leasing, light renovation, or operational improvements.
Supply-Constrained Hawaiian Retail Market
Central O’ahu remains a highly supply-constrained retail market, where zoning limitations, entitlement hurdles, and elevated construction costs restrict new development. Investors benefit from owning infill commercial real estate with underlying land value and long-term relevance, even for secondary-quality improvements.