Tenant-Occupied
1729 Homerule Street, Honolulu, HI 96819
For Sale
Contact for pricing
Tenant-occupied warehouse built in 1993, offered as a triple net lease leasing opportunity.
Property Size1,600 SF
Price / SF$2.81
Days on Market156
Property Features for 1729 Homerule Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
HI Roots Realty LLC
Listed By:
Peter Enomoto-Hahn · License HI RB-22116
(808) 292-8071
Source:
Hirootsrealty
Added: Jun 8
Changed: Nov 3
Last Checked: Nov 9 at 8:40AM
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 HI Roots Realty LLC
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Investment Insights
Based on property information with market context.
This tenant-occupied warehouse offers a leasing setup structured as a triple net lease. The property is sized at 1,600 SF and was built in 1993, providing an established warehouse environment for an incoming landlord or leasing scenario.
Located at 1729 Homerule Street in Honolulu, HI 96819, the asset is positioned for tenants seeking a warehouse facility in the Kalihi area.
The current tenant occupancy is a key operating detail for buyers evaluating the property as an NNN leasing opportunity.
Located at 1729 Homerule Street in Honolulu, HI 96819, the asset is positioned for tenants seeking a warehouse facility in the Kalihi area.
The current tenant occupancy is a key operating detail for buyers evaluating the property as an NNN leasing opportunity.
Key Highlights
- 1,600 SF warehouse
- Built in 1993
- Tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,494
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,880
$509.9K
Cap Rate 7%
$364,200
$364.2K
Cap Rate 9%
$283,267
$283.3K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$30.3K $18.96/SF
− Vacancy
−$343 −$0.21/SF
EGI
$30.0K $18.75/SF
− OpEx
−$4.5K −$2.81/SF
NOI
$25.5K $15.93/SF
Area
Honolulu County, HI
Vacancy
1.13%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,880
Cap Rate 7%
$364,200
Cap Rate 9%
$283,267
Alternative Uses
Best Use
Warehouse
$364.2K
$318.7K – $424.9K
NOI $25,494 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$648.2K
$567.2K – $756.3K
NOI $45,376 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Demographics for 96819, HI
53,334
Population
13,287
Households
4
Avg Household Size
39
Median Age
22%
College-Educated
84%
High-School Grad
21.8 sq mi
ZIP Area
2,447
Density / Sq Mi
$96,346
Median Household Income
$40,897
Median Earnings
$1,789
Median Rent
$963,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Honolulu County, HI
Properties on Market for Warehouses in Honolulu County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - Tenant-occupied warehouse built in 1993, offered as a triple net lease leasing opportunity.
Where is this warehouse located?
The property is located at 1729 Homerule Street Honolulu, HI.
What are key features of this property?
This property features: 1,600 SF warehouse; Built in 1993; Tenant‑occupied
