Industrial Warehouse with Roll-Up
For Sale
$2,300,000
Pending
1794 HALEUKANA ST, Lihue, HI 96766
Leased industrial warehouse with fenced grounds, parking, and multiple roll-up doors.
Property Size8,280 SF
Lot Size0.37 Acres
Days on Market52
Property Features for 1794 HALEUKANA ST
General Information
Standard status
Pending
Size
8,280 SF
Lot size
0.37 Acres
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Warehouse Space
8,280 SF
Taxes and HOA fees
Annual Taxes
$15,656
Building Details
Year Built
1994
Buildings
1
Building Size
8,280 SF
Listing Agency:
KAUAI COMMERCIAL REALTY LLC
(808) 289-8753
Listed By:
ARACELI BENSON · License #RB-24043
Source:
Corcoran
Added: Aug 17
Changed: Sep 23
Last Checked: Oct 5 at 6:54PM
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 KAUAI COMMERCIAL REALTY LLC
Investment Insights
Based on property information with market context.
This standalone warehouse property in Lihue, Hawaii, includes an 8,280-square-foot building on 16,130 square feet of land. The improvements feature high ceilings, five roll-up doors, three electric meters, and a fenced site with ample parking. Two of the roll-up doors were recently replaced, while roof repairs and newer gutters and downspouts add to the recent property improvements. The building was constructed in 1994 and has been freshly painted.
The existing lease runs through 11/30/2028, providing an established tenancy during the current ownership period. The configuration may also support continued leasing, future owner occupancy, or repositioning after the lease term, subject to applicable requirements.
The existing lease runs through 11/30/2028, providing an established tenancy during the current ownership period. The configuration may also support continued leasing, future owner occupancy, or repositioning after the lease term, subject to applicable requirements.
Key Highlights
- 8,280 sf warehouse building on 16,130 sf of land
- Lease in place through 11/30/2028
- Five roll‑up doors, including 2 recently replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,197
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,003,940
$3.0M
Cap Rate 7%
$2,145,671
$2.1M
Cap Rate 9%
$1,668,856
$1.7M
Market Conditions
NOI Build-Up for 8,280 SF
Gross rent
$178.8K $21.60/SF
− Vacancy
−$2.1K −$0.26/SF
EGI
$176.7K $21.34/SF
− OpEx
−$26.5K −$3.20/SF
NOI
$150.2K $18.14/SF
Area
Kauai County, HI
Vacancy
1.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,003,940
Cap Rate 7%
$2,145,671
Cap Rate 9%
$1,668,856
Alternative Uses
Best Use
Warehouse
$2.15M
$1.88M – $2.50M
NOI $150,197 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.87M
NOI $231,955 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Demographics for 96766, HI
16,937
Population
5,562
Households
3
Avg Household Size
43
Median Age
29%
College-Educated
94%
High-School Grad
93.7 sq mi
ZIP Area
181
Density / Sq Mi
$96,434
Median Household Income
$44,586
Median Earnings
$1,904
Median Rent
$751,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Leased industrial warehouse with fenced grounds, parking, and multiple roll-up doors.
Where is this warehouse located?
The property is located at 1794 HALEUKANA ST Lihue, HI.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 8,280 sf warehouse building on 16,130 sf of land; Lease in place through 11/30/2028; Five roll‑up doors, including 2 recently replaced
