Three-Bay Industrial
94-285 Pupuole Street, Waipahu, HI 96797
For Sale
$5,450,000
Three warehouse bays are complemented by air-conditioned office space, including a basement office and three upper-level offices.
Property Size15,312 SF
Lot Size0.35 Acres
Price / SF$355.93
Days on Market198
Property Features for 94-285 Pupuole Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Asking Price
Three-Phase Power
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Coldwell Banker Realty
(808) 262-3104
Listed By:
James S Farmer · License HI RB-18575
(808) 542-4749
Source:
Jchawaiirealty
Added: Apr 27
Changed: Nov 7
Last Checked: Nov 9 at 5:38PM
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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Investment Insights
Based on property information with market context.
The 15,312-square-foot warehouse sits on 15,112 square feet of land and contains three bays, each with a roll-up door, individual electric meter, and bathroom. Office space includes a basement office with a bathroom and shower, plus three air-conditioned offices upstairs, each with its own bathroom and electric meter. The larger upper-level office has a full kitchen; the property also includes nine sub-offices and four cubicles.
Constructed in 1992, the building features solid hollow-tile construction, metal roofs, and three-phase electric service. It is zoned 42 - I-2 General Industrial Dis.
Constructed in 1992, the building features solid hollow-tile construction, metal roofs, and three-phase electric service. It is zoned 42 - I-2 General Industrial Dis.
Key Highlights
- 15,312‑square‑foot warehouse on 15,112 square feet of land
- Three bays, each with a roll‑up door, electric meter, and bathroom
- Basement office includes a bathroom and shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$243,980
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,879,600
$4.9M
Cap Rate 7%
$3,485,429
$3.5M
Cap Rate 9%
$2,710,889
$2.7M
Market Conditions
NOI Build-Up for 15,312 SF
Gross rent
$290.3K $18.96/SF
− Vacancy
−$3.3K −$0.21/SF
EGI
$287.0K $18.75/SF
− OpEx
−$43.1K −$2.81/SF
NOI
$244.0K $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%
$4,879,600
Cap Rate 7%
$3,485,429
Cap Rate 9%
$2,710,889
Alternative Uses
Best Use
Warehouse
$3.49M
$3.05M – $4.07M
NOI $243,980 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.20M
$5.43M – $7.24M
NOI $434,250 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Demographics for 96797, HI
78,109
Population
21,327
Households
3.7
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
19.3 sq mi
ZIP Area
4,047
Density / Sq Mi
$110,036
Median Household Income
$44,685
Median Earnings
$1,981
Median Rent
$798,600
Median Home Value
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Market
Average Price Trend$/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 - Three warehouse bays are complemented by air-conditioned office space, including a basement office and three upper-level offices.
Where is this warehouse located?
The property is located at 94-285 Pupuole Street Waipahu, HI.
What is the asking price?
The asking price for this property is $5,450,000.
What are key features of this property?
This property features: 15,312‑square‑foot warehouse on 15,112 square feet of land; Three bays, each with a roll‑up door, electric meter, and bathroom; Basement office includes a bathroom and shower
