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

    98-199 Kamehameha Hwy Aiea, HI 96701

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3 SF/Yr

    Retail spaces in a high-traffic Aiea location, near Pearlridge.

    Type:Retail
    Property size:
    18,229 SF
    Added:
    Jan 27, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 25 at 11:24 pm

    Property Features for 98-199 Kamehameha Hwy

    General Information

    Standard status
    Active
    Size
    18,229 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Brant Yasaka
    Brant Yasaka

    Listing agent Brant Yasaka License #HI #RB-68051

    Listing office NAI CBI Hawaii

    Listing date Jan 27, 2026

    Source Naiglobal

    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 NAI CBI Hawaii

    Overview

    Aiea Retail Center on Highway

    Located in Aiea on Kamehameha Highway, Pearl Kai Center is a retail center that includes retail, restaurant, office, and professional services. The property is situated across from Pearl Ridge Mall and is easily accessible. Kamehameha Highway is the main roadway connecting and passing through Aiea, providing the center with vehicular and foot traffic. The center is located in a desirable neighborhood for both the white and blue collar workforce. Notable tenants include Powerhouse Gym, AT&T Wireless, H&R Block, Curry House CoCo Ichibanya, and Kuru Kuru Sushi. The property has a size of 18229 square feet.
    Location Intelligence

    Current Use by Public Records

    H&R Block Tax Preparation Pearl Kai Dentistry Dental Office Gale Marana DDS Dental Office Yakiniku Jang Su Korean Barbecue Restaurant Powerhouse Gym Aiea Gym & Fitness Center

    Map

    City
    Aiea
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.941
    Latitude
    21.3814

    Nearby Similar for Lease

    • $3/mo

      Aiea Retail Center on Highway

      High-traffic retail center in Aiea, across from Pearl Ridge.
      98-199 Kamehameha Hwy, Aiea, HI 96701
      View Details
    • $2/mo

      Retail Space on Kamehameha Hwy

      Retail space with high visibility and parking in front.
      98-425 Kamehameha Hwy, Aiea, HI 96701
      View Details
    • $2/mo

      Retail Space on Kamehameha Hwy

      Retail space with high visibility and glass store frontage.
      98-425 Kamehameha Hwy, Aiea, HI 96701
      View Details
    • Contact for pricing

      Aiea Office Space For Rent

      Fully built-out office space with multiple suites and amenities.
      98-1247 Kaahumanu St Suite 311, Aiea, HI 96701
      View Details
    • Contact for pricing

      Aiea Medical Space Available

      Medical space available for rent in Aiea, Hawaii.
      98-1079 Moanalua Road, Aiea, HI, 96701
      View Details
    • $38/mo

      Aiea Retail Space For Rent

      Retail space available for rent in Aiea, Hawaii.
      98-199 Kamehameha Hwy, Aiea, HI 96701
      View Details
    • $18/mo

      Aiea Industrial Space For Rent

      2,425 sq ft industrial space with roll-up door.
      99-899 Iwaena St, Aiea, HI 96701
      View Details
    • Contact for pricing

      Halawa Valley Commercial Space

      Commercial space for rent in Halawa Valley.
      99-1410 Koaha Place, Aiea, HI 96701
      View Details
    • $32/mo

      Aiea Retail and Office Space

      Retail and office spaces available for rent in Aiea.
      98-104 Kanuku Street, Aiea, HI 96701
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces in a high-traffic Aiea location, near Pearlridge.
    Where is this shopping center located?
    The property is located at 98-199 Kamehameha Hwy Aiea, HI.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Located in a high‑traffic area on Kamehameha Highway, Aiea's main thoroughfare.; Easily accessible location across from Pearl Ridge Mall.; Well‑known retail center with a mix of retail, restaurant, office, and professional services.
    (808) 271-4697
    We can help!
    Listing Contact
    Brant Yasaka
    Brant Yasaka
    Real Estate License ID: HI #RB-68051
    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!