Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1002 Puuwai Street Honolulu, HI 96819

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,000,000

    Large lot with warehouse and office space for sale.

    Type:Industrial
    Added:
    Mar 6, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 1 at 11:02 pm

    Property Features for 1002 Puuwai Street

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Brant Yasaka
    Brant Yasaka

    Listing agent Brant Yasaka License #HI #RB-68051

    Listing office NAI CBI Hawaii

    Listing date Mar 6, 2026

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI CBI Hawaii

    Overview

    Sand Island Land Lease Opportunity

    This property presents an opportunity for a long-term ground lease. It is the only large lot available on Sand Island. The lease offers fixed rent through 2047. The property is centrally located in Honolulu, near the airport, ports, and central business district, with convenient access to the freeway and major thoroughfares. It features a high cube warehouse with office space and a large paved yard. The location is in close proximity to the airport, shipping facilities, the central business district, and transportation hubs, with easy access to major thoroughfares.
    Location Intelligence

    Current Use by Public Records

    Tajiri Lumber Ltd Construction Company Royal Contracting Co ... Construction Company

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.871
    Latitude
    21.3015

    Nearby Similar for Sale

    • $350,000

      Turnkey Chinese Restaurant in Honolulu

      Established Sichuan restaurant with high traffic location and loyal clientele.
      1450 ala moana Boulevard unit: 2870, Honolulu, HI 96814
      View Details
    • $175,000

      Turnkey Restaurant in Honolulu Chinatown

      Authentic Vietnamese restaurant for sale in Honolulu's Chinatown.
      1145 Maunakea Street unit: 6&7, Honolulu, HI 96817
      View Details
    • $8,000

      Turn-Key Restaurant in Honolulu

      Prime restaurant space in a high-traffic Honolulu location.
      909 Kapiolani Boulevard unit: C-B, Honolulu, HI 96814
      View Details
    • $52,000

      Honolulu Office with City Views

      Prime corner office space with flexible layout and covered parking.
      1314 S King Street unit: 1464, Honolulu, HI 96814
      View Details
    • $150,000

      Restaurant Space in Kaka'ako District

      Restaurant/lounge space in Honolulu's rapidly growing Kaka'ako district.
      675 Auahi Street unit: 129/130, Honolulu, HI 96813
      View Details
    • $30,000

      Retail Store in Chinatown

      Prime retail space in Honolulu's busy Chinatown district.
      1120 Maunakea Streets, Honolulu, HI 96817
      View Details
    • $250,000

      Indoor Golf Simulator Business

      Turnkey indoor golf simulator business with premium technology in Honolulu.
      1500 S King Street unit: 100, Honolulu, HI 96826
      View Details
    • $50,000

      Honolulu Office Space For Sale

      Move-in-ready office space in a prime Honolulu location.
      1314 S King Street unit: 653, Honolulu, HI 96814
      View Details
    • $240,000

      Honolulu Medical Office Space

      Prime medical office space in Honolulu, convenient location near hospitals.
      321 N Kuakini Street unit: 307, Honolulu, HI 96817
      View Details
    • $5,495,000

      Honolulu Multi-Tenant Office and Warehouse

      Well-maintained multi-tenant office building and high-cube warehouse for sale.
      2045 Kamehameha IV Road, Honolulu, HI 96819
      View Details
    • $235,000

      Turn-Key Vietnamese Restaurant For Sale

      Established Honolulu restaurant with strong local and visitor following.
      1694 Kalakaua Avenue unit: #102, Honolulu, HI 96826
      View Details
    • $175,000

      Turn-Key Restaurant Near Ala Moana

      Restaurant near Ala Moana Center with strong reputation.
      1232 Waimanu Street, Honolulu, HI 96814
      View Details

    FAQs

    What type of property is this?
    Warehouse - Large lot with warehouse and office space for sale.
    Where is this warehouse located?
    The property is located at 1002 Puuwai Street Honolulu, HI.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Long‑term ground lease available through 2047, providing fixed rent during uncertain economic times.; Large lot, the only one currently available on Sand Island.; Central Honolulu location near the airport, ports, and central business district.
    (808) 271-4697
    We can help!
    Listing Contact
    Brant Yasaka
    Brant Yasaka
    Real Estate License ID: HI #RB-68051
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!