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

    94-246 Aniani Pl Waipahu, HI 96797

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Turnkey multifamily property in Waipahu with fully renovated units.

    Lot size:
    0.18 Acres

    Property Features for 94-246 Aniani Pl

    General Information

    Standard status
    Active
    Lot size
    0.18 Acres
    Exterior features
    Pool, No Fence, Spa. Waterfront., 8 Parking Spaces., Level, 7876.0, No Pool, None, Level.
    Interior features
    3

    Building Details

    Year built
    1961

    We can help!

    Listing Contact
    Marc Kumai
    Source: Xome

    Listing Agency: Ivy K Realty, LLC Listing Agent: Marc Kumai

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

    Learn more

    Overview

    Waipahu Multifamily Investment Opportunity

    This multifamily property in Waipahu presents a turnkey investment opportunity. The building features eight units, all of which have been completely renovated. Electrical upgrades include rewiring from the meter, new fuses, GFCI circuit breakers, outlets, switches, and light fixtures. Plumbing improvements consist of new supply lines and a descaled sewer line. Exterior enhancements include fresh paint, and the stairs and rails have been rebuilt. The property is located in Waipahu.
    Location Intelligence

    Current Use by Public Records

    Dipingeni Beauty Hair Salon

    Map

    City
    Waipahu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.013861
    Latitude
    21.382414

    Nearby Similar for Sale

    • $2,500,000
      Pending

      Waipahu Commercial Property For Sale

      Commercial property in Waipahu, HI, ideal for owner-user or investor.
      94-970 Pakela St, Waipahu, HI 96797
      View Details
    • $650,000

      Turn-Key Waipahu Farm with Ocean View

      One-acre farm with city, ocean, and Diamond Head views.
      94-1100 Kunia Rd, Waipahu, HI 96797
      View Details
    • $550,000

      Turnkey Farm with Opulent Views

      One-acre leasehold farm with income-producing trees and permitted structure.
      56-I Kunia Rd, Waipahu, HI 96797
      View Details
    • $2,900,000
      1.00 Acre

      Waipahu Mixed-Use Investment Opportunity

      Mixed-use commercial property with auto servicing facility and residential homes.
      94-825 Waipahu St, Waipahu, HI 96797
      View Details
    • $1,150,000

      Waipahu Commercial Investment Opportunity

      Commercial property in Waipahu, formerly a restaurant and cookie business.
      94-101 Waipahu Depot St, Waipahu, HI 96797
      View Details
    • $1,000,000

      Waipahu Farmland with Expansive Views

      Five-acre Waipahu farmland with views from Waianae to Diamond Head.
      94-1100 Kunia Rd, Waipahu, HI 96797
      View Details
    • $2,450,000

      Agricultural Land in Kunia

      7-acre agricultural land with fruit trees and vegetable crops.
      94-1100 Kunia Rd, Waipahu, HI 96797
      View Details
    • $2,900,000

      Waipahu Mixed-Use Investment Opportunity

      Commercial property with auto servicing facility and two residential homes.
      94-825 Waipahu St, Waipahu, HI 96797
      View Details
    • $2,900,000
      1.00 Acre

      Waipahu Mixed-Use Investment Opportunity

      Commercial property with auto servicing facility and two residential homes.
      94-825 Waipahu St, Waipahu, HI 96797
      View Details
    • $1,250,000

      Waipahu Multi-Family Investment Property

      Fully rented multi-family property with four 2-bedroom units.
      94-769 Haakoa Pl, Waipahu, HI 96797
      View Details
    • $2,900,000

      Waipahu Commercial Property with Residences

      Mixed-use commercial property with auto servicing facility and two homes.
      94-825 Waipahu St, Waipahu, HI 96797
      View Details
    • $175,000

      Established Korean Restaurant in Waipahu

      Turn-key Korean restaurant for sale in Waipahu shopping plaza.
      94-300 Farrington Hwy, Waipahu, HI 96797
      View Details

    FAQs

    What type of property is this?
    Apartment building - Turnkey multifamily property in Waipahu with fully renovated units.
    Where is this apartment building located?
    The property is located at 94-246 Aniani Pl Waipahu, HI.
    What are key features of this property?
    This property features: - Exceptional Investment: 8% CAP rate on Oahu.; - Completely renovated: all 8 units rewired, new plumbing, descaled sewer line, new electrical fixtures, rebuilt stairs and rails.; - Turnkey operation, ready for immediate takeover.
    (808) 593-0416
    Request Owner's contact information
    94-246 Aniani Pl Waipahu, HI 96797
    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.
    94-246 Aniani Pl
    Waipahu, HI 96797
    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
    94-246 Aniani Pl Waipahu, HI 96797
    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

    We can help!
    Listing Contact
    Marc Kumai
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!