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    Kapaa Industrial Park Title is generated by Realmo AI

    201 Kapaa Quarry Road, Kailua, HI 96734

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    Office, warehouse, and yard spaces available for lease.

    Type:Office, Industrial, Land
    Property size:
    350,000 SF
    Lot size:
    25.00 Acres
    Added:
    Apr 20, 2021
    Days on Market:
    1874
    Last Refresh:
    May 12 at 9:33 pm

    Property Features for 201 Kapaa Quarry Road

    General Information

    Standard status
    Active
    Size
    350,000 SF
    Lot size
    25.00 Acres
    Property subtype
    Office, Industrial, Land

    Spaces For Lease

    at 201 Kapaa Quarry Road Contact us

    Building 23 Unit 2303 $3/Mo

    Size
    3,395 SF
    Type
    Office, Industrial
    5 private officesnKitchenette & conference roomnEasy access to highwaysn24 hour roving...
    show more
    Contact us

    Building 25 Unit 2501 $3/Mo

    Size
    1,300 SF
    Type
    Office, Industrial
    Air conditioned office spacenEasy access to highwaysn24 hour roving securitynOn site...
    show more
    Contact us

    Building B Unit 104B $2/Mo

    Size
    2,400 SF
    Type
    Office, Industrial, Land
    Term 3 - 5 Yearsnbase rent to $2.45 psf/month.nMezzanine storage offered atnno chargenEasy...
    show more
    Contact us

    Building 25 Unit 2502 $2/Mo

    Size
    3,900 SF
    Type
    Office, Industrial
    Easy access to highwaysn24 hour roving securitynOn site property managementnAmple...
    show more
    Contact us

    Building 29 Unit 2902 $2/Mo

    Size
    2,000 SF
    Type
    Office, Industrial, Land
    $2.60 PSF/MonHigh-cube shell space ideal for small contractors, storage users, or...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    William (Bill) Froelich JD SIOR CCIM

    Listing agent William (Bill) Froelich JD SIOR CCIM License #HI RB-21658

    Listing office Colliers - Honolulu, Hawaii

    Listing date Apr 20, 2021

    Source Crexi

    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 Colliers - Honolulu, Hawaii

    HighLights

    • Over 350,000 square feet of office and warehouse space.
    • 25 acres of industrial yard space.
    • Mixture of office, warehouse, and yard spaces.
    • Suitable for businesses of all sizes.
    • More than 35 buildings.
    • Includes affordable quonset huts.

    Overview

    Kapaa Industrial Park consists of over 35 buildings with more than 350,000 square feet of office and warehouse improvements, along with 25 acres of industrial yard space. The park offers a mix of office space, high cube warehouse space, graveled and paved yard spaces, and quonset huts. It is designed to accommodate businesses of all sizes.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Kailua
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.753
    Latitude
    21.3914

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    FAQs

    What type of property is this?
    Flex space - Office, warehouse, and yard spaces available for lease.
    Where is this flex space located?
    The property is located at 201 Kapaa Quarry Road Kailua, HI.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: Over 350,000 square feet of office and warehouse space.; 25 acres of industrial yard space.; Mixture of office, warehouse, and yard spaces.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    William (Bill) Froelich JD SIOR CCIM
    Real Estate License ID: HI RB-21658
    Learn More
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    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
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