Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    94-337 Paiwa Street Waipahu, HI 96797

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $650,000

    LAND - Waipahu, HI

    Added:
    Jan 12, 2026
    Days on Market:
    109
    Last Refresh:
    May 1 at 1:06 am

    Property Features for 94-337 Paiwa Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    1-9-4-026-160-0000

    Taxes and HOA fees

    Tax Annual Amount
    2367

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Mary Ann D Bongco

    Listing agent Mary Ann D Bongco License #RS-54304

    Listing office eXp Realty 6600 Kalanianaole Hwy. Unit 114, Honolulu, HI

    Listing date Jan 12, 2026

    MLS# 202600966 Listing URL

    Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waipahu Vacant Land Opportunity

    This cleared and usable vacant land in Waipahu presents a rare opportunity for building. The property has potential for an additional dwelling unit (ADU), offering an excellent foundation to build a custom island home while exploring future expansion opportunities. Its location provides convenient access to local amenities, schools, and major roadways, combining lifestyle and accessibility. Given the limited land availability across the islands, this parcel offers strong long-term value for owner-occupants, investors, or builders seeking flexibility in design and use. The property offers a chance to build and expand in Leeward, Oahu, whether for a primary residence with an ADU for extended family, rental income, or multigenerational living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Waipahu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.002551
    Latitude
    21.389885

    Nearby Similar for Sale

    • $375,000

      Oahu Agricultural Land Parcel

      One-acre agricultural lot in Waipahu, Hawaii, with mountain views.
      94-1100 Kunia Road, Waipahu, HI 96797
      View Details
    • $2,900,000

      Waipahu Mixed-Use Investment Opportunity

      Mixed-use commercial property with auto servicing facility and residential homes.
      94-825 Waipahu Street, Waipahu, HI 96797
      View Details
    • $1,000,000

      Waipahu Farmland with Expansive Views

      Five-acre Waipahu farmland with views from Waianae to Diamond Head.
      94-1100 Kunia Road unit: 9, Waipahu, HI 96797
      View Details
    • $2,900,000

      Waipahu Mixed-Use Investment Opportunity

      Commercial property with auto servicing facility and two residential homes.
      94-825 Waipahu Street, Waipahu, HI 96797
      View Details
    • $1,150,000

      Waipahu Commercial Investment Opportunity

      Commercial property in Waipahu, formerly a restaurant and cookie business.
      94-101 Waipahu Depot Street, Waipahu, HI 96797
      View Details
    • $1,250,000

      Waipahu Multi-Family Investment Property

      Fully rented multi-family property with four 2-bedroom units.
      94-769 Haakoa Place, Waipahu, HI 96797
      View Details
    • $2,450,000

      Agricultural Land in Kunia

      7-acre agricultural land with fruit trees and vegetable crops.
      94-1100 Kunia Road unit: #66, Waipahu, HI 96797
      View Details
    • $2,900,000

      Waipahu Mixed-Use Investment Opportunity

      Commercial property with auto servicing facility and two residential homes.
      94-825 Waipahu Street, Waipahu, HI 96797
      View Details
    • $550,000

      Turnkey Farm with Opulent Views

      One-acre leasehold farm with income-producing trees and permitted structure.
      56-I KUNIA Road unit: 56-I, Waipahu, HI 96797
      View Details
    • $375,000
      4,000 SF

      Waikele Storage Bunker For Sale

      Storage bunker in Waikele Storage Park with dock and parking.
      94-990 Pakela Streets #E-29, Waipahu, HI 96797
      View Details
    • $2,900,000

      Waipahu Commercial Property with Residences

      Mixed-use commercial property with auto servicing facility and two homes.
      94-825 Waipahu Street, Waipahu, HI 96797
      View Details
    • $140,000

      Waipahu Land For Sale

      Raw land zoned P-2 General Preservation in Waipahu, Hawaii.
      94-944 Kunia Road, Waipahu, HI 96797
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready land in Waipahu with ADU potential.
    Where is this residential land & home lot located?
    The property is located at 94-337 Paiwa Street Waipahu, HI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Build‑ready vacant land in Waipahu.; Potential for Additional Dwelling Unit (ADU).; Cleared and usable lot.
    (808) 382-4308
    We can help!
    Listing Contact
    Mary Ann D Bongco
    Real Estate License ID: RS-54304
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!