Steel Warehouse with Covered
New
For Sale
$3,495,000
96-1243 Waihona Street, Pearl City, HI 96782
COMMERCIAL - Pearl City, HI
Property Size6,170 SF
Lot Size0.68 Acres
Price / SF$566.45
Days on Market6
Property Features for 96-1243 Waihona Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
41 - I-1 Limited Industrial Dis
Parking features
Assigned
Subdivision
PEARL CITY-LOWER
Standard status
Active
APN
1-9-6-007-011-0000
Lot size
0.68 Acres
Taxes and HOA fees
Tax Annual Amount
27411
Building Details
Year built
1980
Floors in Building
1
Flooring type
Wood, Concrete
Building materials
Metal Frame
Listing Agency:
CBI Residential Advisory Svcs.
(808) 942-7100
Listed By:
Alan J Christopher · License #RB-20664
(808) 942-7100
Added: Jul 28
Changed: Jul 31
Last Checked: Aug 2 at 4:06AM
MLS# 202614526
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.
Investment Insights
Based on property information with market context.
Steel warehouse on a fee simple parcel in the heart of Pearl City Industrial Park. The property includes a 6,170 SF steel warehouse built in 1980 and expanded in 1988, constructed with durable masonry and a metal frame. The layout provides generous clear space across two connected building sections, plus a covered canopy area suited for loading, staging, or additional storage.
The parcel is zoned I-1 (Limited Industrial) and carries a 60-foot height allowance, offering flexibility for a range of industrial, warehousing, or distribution uses within the Primary Urban Center Development Plan area.
Parking is available with assigned spaces.
The parcel is zoned I-1 (Limited Industrial) and carries a 60-foot height allowance, offering flexibility for a range of industrial, warehousing, or distribution uses within the Primary Urban Center Development Plan area.
Parking is available with assigned spaces.
Key Highlights
- 6,170 SF steel warehouse built in 1980, expanded in 1988
- Two connected building sections with generous clear space
- Covered canopy for loading, staging, or additional storage
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.0k | $18.96 |
| − Vacancy | −$1.3k | −$0.21 |
| EGI | $115.7k | $18.75 |
| − OpEx | −$17.3k | −$2.81 |
| NOI | $98.3k | $15.93 |
6,170 SF · lease $18.96/SF/yr · vacancy 1.13% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.40M
$1.23M – $1.64M
NOI $98,312 @ 7.0% cap · market cap 2.81%
Second Best
Industrial
$1.16M
$1.01M – $1.35M
NOI $80,963 @ 7.0% cap · market cap 2.32%
Theoretical Best
Specialty Retail
$2.50M
$2.19M – $2.92M
NOI $174,982 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96782, HI
37,437
Population
12,699
Households
2.9
Avg Household Size
44
Median Age
32%
College-Educated
94%
High-School Grad
29.4 sq mi
ZIP Area
1,273
Density / Sq Mi
$104,779
Median Household Income
$48,267
Median Earnings
$2,287
Median Rent
$846,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Steel warehouse in a Pearl City industrial park, zoned I-1, with a covered canopy for loading or staging.
Where is this warehouse located?
The property is located at 96-1243 Waihona Street Pearl City, HI.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 6,170 SF steel warehouse built in 1980, expanded in 1988; Two connected building sections with generous clear space; Covered canopy for loading, staging, or additional storage
