Waipio Gentry Industrial
For Sale
$2,975,000
Pending
94-515 Ukee Street, Waipahu, HI 96797
Industrial space in high-demand Waipio Gentry submarket.
Property Size6,528 SF
Days on Market197
Property Features for 94-515 Ukee Street
General Information
Standard status
Pending
Size
6,528 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$29,955
Building Details
Building Size
6,528 SF
Year Built
1980
Listing Agency:
Nexus Estates LLC
Listed By:
Garrett H Kuroda · License #RB-23590
(808) 722-7775
Source:
Careyluxury
Added: Apr 20
Changed: Oct 31
Last Checked: Nov 1 at 11:20AM
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 Nexus Estates LLC
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Investment Insights
Based on property information with market context.
Located in Waipio Gentry at Ukee Industrial Center, this fee simple industrial space offers a rare opportunity in a tightly held market. The property, comprised of Suites 208/209 and 307/308, totals approximately 6,528 square feet and includes 10 deeded parking stalls. Previously utilized as a self-storage facility, the space provides a flexible layout suitable for industrial, warehouse, or service-oriented businesses. This property is ideal for either an owner-user or an investor looking to establish a position in a submarket characterized by high demand and limited supply.
Key Highlights
- Rare fee simple industrial space: a unique opportunity in the tightly held Waipio Gentry area.
- Substantial size: approximately 6,528 square feet, providing ample space.
- Flexible layout: suitable for industrial, warehouse, or service‑oriented businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,016
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,080,320
$2.1M
Cap Rate 7%
$1,485,943
$1.5M
Cap Rate 9%
$1,155,733
$1.2M
Market Conditions
NOI Build-Up for 6,528 SF
Gross rent
$123.8K $18.96/SF
− Vacancy
−$1.4K −$0.21/SF
EGI
$122.4K $18.75/SF
− OpEx
−$18.4K −$2.81/SF
NOI
$104.0K $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%
$2,080,320
Cap Rate 7%
$1,485,943
Cap Rate 9%
$1,155,733
Alternative Uses
Best Use
Warehouse
$1.49M
$1.30M – $1.73M
NOI $104,016 @ 7.0% cap · market cap 3.50%
Second Best
Industrial
$1.22M
$1.07M – $1.43M
NOI $85,661 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$2.64M
$2.31M – $3.09M
NOI $185,135 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Industrial space in high-demand Waipio Gentry submarket.
Where is this self storage facility located?
The property is located at 94-515 Ukee Street Waipahu, HI.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Rare fee simple industrial space: a unique opportunity in the tightly held Waipio Gentry area.; Substantial size: approximately 6,528 square feet, providing ample space.; Flexible layout: suitable for industrial, warehouse, or service‑oriented businesses.
