Building Details

Year Built 1974

Listing Agency: Welcome Home Hawaii Realty LLC

Listed By: Derek K Pavao Show Phone

Source: Paradisebrokers

Added: Sep 2 Changed: Oct 17 Last Checked: Oct 19 at 8:57AM

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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 Welcome Home Hawaii Realty LLC

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Investment Insights

Based on property information with market context.

This 3,000-square-foot warehouse, built in 1974, offers 20-foot ceiling heights and a roll-up door. The property also includes a vehicle lift, private restroom, and open interior space suitable for warehouse operations.

The property is located at 98-019 Kamehameha Hwy Unit 4 in Aiea, Hawaii.

Key Highlights

• 3,000‑square‑foot warehouse
• 20 ft ceiling heights
• Roll‑up door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,366

Suggested Prices Based on Cap Rates

Cap Rate 5%

$787,320 $787.3K

Cap Rate 7%

$562,371 $562.4K

Cap Rate 9%

$437,400 $437.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$56.9K $18.96/SF

− Vacancy

−$643 −$0.21/SF

EGI

$56.2K $18.75/SF

− OpEx

−$16.9K −$5.62/SF

NOI

$39.4K $13.12/SF

Area

Honolulu County, HI

Vacancy

1.13%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$787,320

Cap Rate 7%

$562,371

Cap Rate 9%

$437,400

Alternative Uses

Best Use

Retail

$1.13M

$992.6K – $1.32M (±1% cap)

NOI $79,408 @ 7.0% cap · market cap 1,134.40%

Second Best

Warehouse

$682.9K

$597.5K – $796.7K (±1% cap)

NOI $47,802 @ 7.0% cap · market cap 682.89%

Theoretical Best

Specialty Retail

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,080 @ 7.0% cap · market cap 1,215.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

The Bike Shop - Aiea (Bike/Boat/Book/etc) Store Hawaii Rush Soccer ... Association / Organization O2 Martial Arts ... Training Center The Light of the World Church Church Hawaii Ballroom Dance ... Association / Organization

Location Intelligence

Demographics for 96701, HI

42,833

Population

15,407

Households

2.8

Avg Household Size

45

Median Age

39%

College-Educated

94%

High-School Grad

25.3 sq mi

ZIP Area

1,693

Density / Sq Mi

$107,888

Median Household Income

$58,224

Median Earnings

$1,930

Median Rent

$913,300

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse space includes a vehicle lift and private restroom.

Where is this warehouse located?

The property is located at 98-019 Kamehameha Hwy Unit 4 Aiea, HI.

What are key features of this property?

This property features: 3,000‑square‑foot warehouse; 20 ft ceiling heights; Roll‑up door