High-Cube
5611 KAWAIHAU RD, Kapaa, HI 96746
For Sale
$6,500,000
The property is fully leased and has solar power and three-phase electrical service.
Property Size28,000 SF
Price / SF$232.14
Days on Market28
Property Features for 5611 KAWAIHAU RD
General Information
Standard status
Size
Property subtype
Occupancy
Warehouse & Industrial
Clear Height
Warehouse Space
Three-Phase Power
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Chaney, Brooks & Company, LLC
Listed By:
Michael K Hepburn
(808) 634-3868
Source:
Deepbluehi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 10 at 5:03AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 28,000-square-foot warehouse in Kapaa was built in 1950 and has approximately 30-foot high-cube ceilings. The property includes solar power, three-phase electricity, and five separate electric meters. A concrete driveway and swales have been newly installed, and ownership is fee simple.
Travel times are approximately six minutes to central Kapaa, 23 minutes to the airport, and 27 minutes to the harbor. The property is described as the closest industrial space to Kauai’s North Shore.
Travel times are approximately six minutes to central Kapaa, 23 minutes to the airport, and 27 minutes to the harbor. The property is described as the closest industrial space to Kauai’s North Shore.
Key Highlights
- Approximately 28,000 square feet of warehouse space
- Approximately 30‑foot high‑cube ceilings
- Fully leased; fee simple ownership
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$507,911
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,158,220
$10.2M
Cap Rate 7%
$7,255,871
$7.3M
Cap Rate 9%
$5,643,456
$5.6M
Market Conditions
NOI Build-Up for 28,000 SF
Gross rent
$604.8K $21.60/SF
− Vacancy
−$7.3K −$0.26/SF
EGI
$597.5K $21.34/SF
− OpEx
−$89.6K −$3.20/SF
NOI
$507.9K $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%
$10,158,220
Cap Rate 7%
$7,255,871
Cap Rate 9%
$5,643,456
Alternative Uses
Best Use
Warehouse
$7.26M
$6.35M – $8.47M
NOI $507,911 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.21M
$9.80M – $13.07M
NOI $784,388 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
30 ft
Clear height
100%
Occupancy
Location Intelligence
Demographics for 96746, HI
19,991
Population
8,178
Households
2.4
Avg Household Size
43
Median Age
32%
College-Educated
95%
High-School Grad
29.8 sq mi
ZIP Area
671
Density / Sq Mi
$89,681
Median Household Income
$41,624
Median Earnings
$2,053
Median Rent
$830,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - The property is fully leased and has solar power and three-phase electrical service.
Where is this warehouse located?
The property is located at 5611 KAWAIHAU RD Kapaa, HI.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Approximately 28,000 square feet of warehouse space; Approximately 30‑foot high‑cube ceilings; Fully leased; fee simple ownership
