Warehouse Property with
New
For Sale
$5,400,000
41-539 Makakalo Street, Waimanalo, HI 96795
The site combines substantial covered work space with two cottages and perimeter fencing.
Property Size27,424 SF
Price / SF$196.91
Days on Market4
Property Features for 41-539 Makakalo Street
General Information
Standard status
Active
Size
27,424 SF
Property subtype
Industrial
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$22,308
Building Details
Building Size
27,424 SF
Year Built
1984
Listing Agency:
Coldwell Banker Realty
Listed By:
James S Farmer · License #RB-18575
(808) 262-3104
Source:
Careyluxury
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 10:40AM
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 Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1984 warehouse property in Waimanalo includes more than 26,000 square feet of warehouse, office, and other covered area. Two cottages and fencing are also part of the property.
The property is on Makakalo Street in Waimanalo, with views of the Ko'olau mountains. Its mix of warehouse, office, covered space, and cottages defines a varied commercial property.
The property is on Makakalo Street in Waimanalo, with views of the Ko'olau mountains. Its mix of warehouse, office, covered space, and cottages defines a varied commercial property.
Key Highlights
- More than 26,000 square feet of warehouse, office, and additional covered area
- Two cottages on the property
- Fully fenced site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$473,064
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,461,280
$9.5M
Cap Rate 7%
$6,758,057
$6.8M
Cap Rate 9%
$5,256,267
$5.3M
Market Conditions
NOI Build-Up for 27,424 SF
Gross rent
$822.7K $30.00/SF
− Vacancy
−$65.8K −$2.40/SF
EGI
$756.9K $27.60/SF
− OpEx
−$283.8K −$10.35/SF
NOI
$473.1K $17.25/SF
Area
Honolulu County, HI
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,461,280
Cap Rate 7%
$6,758,057
Cap Rate 9%
$5,256,267
Alternative Uses
Best Use
Mixed Use
$6.76M
$5.91M – $7.88M
NOI $473,064 @ 7.0% cap · market cap 8.76%
Second Best
Warehouse
$6.24M
$5.46M – $7.28M
NOI $436,971 @ 7.0% cap · market cap 8.09%
Theoretical Best
Specialty Retail
$11.11M
$9.72M – $12.96M
NOI $777,747 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Demographics for 96795, HI
11,064
Population
2,662
Households
4.2
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
11.5 sq mi
ZIP Area
962
Density / Sq Mi
$118,365
Median Household Income
$44,581
Median Earnings
$1,710
Median Rent
$746,700
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
Frequently Asked Questions
What type of property is this?
Warehouse - The site combines substantial covered work space with two cottages and perimeter fencing.
Where is this warehouse located?
The property is located at 41-539 Makakalo Street Waimanalo, HI.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: More than 26,000 square feet of warehouse, office, and additional covered area; Two cottages on the property; Fully fenced site
