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    Waipahu Mixed-Use Investment Opportunity Title is generated by Realmo AI

    94-825 Waipahu Street, Waipahu, HI 96797

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    For Sale
    $2,900,000

    Other - Waipahu, HI

    Type:Multi Family
    Lot size:
    1.00 Acre
    Added:
    Jan 29, 2026
    Days on Market:
    107
    Last Refresh:
    May 16 at 11:06 pm

    Property Features for 94-825 Waipahu Street

    General Information

    Property type
    Other
    Property subtype
    Multi Family
    Zoning
    33 - BMX-3 Community Business M
    Parking
    10
    Standard status
    Active
    APN
    1-9-4-013-071-0000
    Lot size
    1.00 Acre

    Building Details

    Year built
    1963
    Floors in Building
    2
    Roof type
    Composition, Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Kay M Mukaigawa
    Kay M Mukaigawa

    Listing agent Kay M Mukaigawa

    Listing office Engel & Völkers Honolulu Downtown 745 Fort Street Mall #608, Honolulu, HI

    Listing date Jan 29, 2026

    MLS# 202523801 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • BMX‑3 zoned commercial property with two residential homes on over one acre
    • Highly visible Waipahu Street location
    • Auto servicing facility featuring a canopy, service bays, office, storage, and ample parking
    • Two residential homes: a 1‑bed/1‑bath and a 3‑bed/1‑bath
    • Backs onto preservation land for privacy and tranquility
    • Additional adjacent residential property (6‑bed/3‑bath) also being sold together

    Overview

    This commercial property, to be sold together with 94-815 Waipahu Street, is zoned BMX-3 and includes two residential homes, presenting a mixed-use investment package. Located on Waipahu Street, the property spans over one acre. The commercial building currently operates as an auto servicing facility, featuring a large canopy, multiple service bays, a small office, enclosed storage bays on the lower level, and ample on-site parking. The two residential homes include a 1-bedroom, 1-bath dwelling and a 3-bedroom, 1-bath single-family home. The property backs onto preservation land, providing privacy and a tranquil setting in Waipahu. Adjacent to this parcel is an additional residential property being sold together, featuring a 6-bed, 3-bath, two-story home on a 9,232 sq. ft. lot (MLS #202523861, TMK: 1-9-4-013-069-0000). The property is located in Waipahu. Square footage is based on C&C records. The property will be conveyed in 'as-is' condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waipahu Auto Care Auto Repair Shop saiki motors Auto Repair Shop

    Map

    City
    Waipahu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.008517
    Latitude
    21.38483

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial property with auto servicing facility and two residential homes.
    Where is this mixed-use property located?
    The property is located at 94-825 Waipahu Street Waipahu, HI.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: BMX‑3 zoned commercial property with two residential homes on over one acre; Highly visible Waipahu Street location; Auto servicing facility featuring a canopy, service bays, office, storage, and ample parking
    (808) 550-0818
    We can help!
    Listing Contact
    Kay M Mukaigawa
    Kay M Mukaigawa
    Real Estate License ID: RB-15914
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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