Lihue Industrial Flex Space
3048 AUKELE ST Lihue, HI 96766
3048 AUKELE ST, Lihue, HI, 96766
$2,149,000
For Sale
$2,149,000
Industrial flex space with established tenant and investment potential.
Property Size7,920 SF
Price / SF$271.34
Days on Market379
Property Features for 3048 AUKELE ST
General Information
- Standard status
- Active
- Size
- 7,920 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing Agency
CHANEY, BROOKS & COMPANY, LLC
(808) 544-1600
Listed by
JOSEPH T HAAS
Source
Corcoran
Added: Jul 8, 2025 Updated: Jul 6 at 7:53 am Checked: Jul 19 at 4:50 am
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 CHANEY, BROOKS & COMPANY, LLC
Investment Insights
Based on property information with market context.
This property offers a fee simple interest with a single tenant under a NNN lease. It presents an opportunity for both owner-users and investors. The property supports flexible industrial uses and includes roll-up doors. Office areas are equipped with HVAC. Additional features include a fenced yard and gated security. The property size is 7920 square feet and is located in Lihue, HI.
Key Highlights
- Single Tenant NNN Lease offering potential for passive income.
- Established Tenant provides reduced risk for investor.
- Flexible Industrial Use adaptable to various business needs.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.6k | $30.00 |
| − Vacancy | −$28.5k | −$3.60 |
| EGI | $209.1k | $26.40 |
| − OpEx | −$73.2k | −$9.24 |
| NOI | $135.9k | $17.16 |
7,920 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.94M
$1.70M – $2.27M
NOI $135,907 @ 7.0% cap · market cap 6.32%
Second Best
Industrial
$1.69M
$1.48M – $1.97M
NOI $118,313 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$3.17M
$2.77M – $3.70M
NOI $221,870 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - Industrial flex space with established tenant and investment potential.
Where is this industrial property located?
The property is located at 3048 AUKELE ST Lihue, HI.
What is the asking price?
The asking price for this property is $2,149,000.
What are key features of this property?
This property features: Single Tenant NNN Lease offering potential for passive income.; Established Tenant provides reduced risk for investor.; Flexible Industrial Use adaptable to various business needs.
