2613 Waiwai Loop Honolulu, HI 96819-1939
- Commercial real estate
- 15,169 SF
- 0.52 lot acres
Jan 22, 2025
Current Use by Public Records
- Hawaiian Ocean Transport Inc / Trucking Company
- International Express Inc / Trucking Company
Property Details for 2613 Waiwai Loop
- Year built
- 1967
- Lot size
- 0.52 lot acres
- Property size
- 15,169 SF
- Zone code
- I-2
- Property type
- Commercial real estate
- APN
- 1-1-1-016-016
- APU
- 111016016
Description
This exceptional 18,153-square-foot cold storage warehouse in Honolulu, Hawaii, presents a unique investment opportunity. Built in 1967 and extensively renovated in 2009 (with a 2020 roof renovation and 20-year warranty), this single-tenant property boasts 5 dock-high loading bays and a temperature-controlled receiving area. The warehouse features 16,473 square feet of ground-floor space, including chill and freezer storage, plus a USDA inspection office. The second floor offers 1,680 square feet of climate-controlled office space with private offices, a kitchen, and restrooms. The property benefits from new underground electrical service (3-phase, 600-amp power) and is strategically located in the Lagoon Industrial Park, near the Daniel Inouye International Airport, Honolulu Harbor, and major freeways. Its proximity to the planned Lagoon Drive Rail Station, with proposed 5.0 FAR and 160-foot height limits, further enhances its long-term potential. The property is zoned I-2 and sits on a 22,500-square-foot lot (APN: 1-1-16: 16). The asking price is $8,450,000 ($465.49/SF). While the building's size and configuration may vary slightly from official records, potential buyers are responsible for verifying all zoning and municipal requirements.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,400,000
- ML approach
- $6,400,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $9,163,000
Market price range: $2.71M - $10.3M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $6,180,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $6,235,000 Change: +1% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $6,165,000 Change: -0% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Honolulu
- County
- Honolulu
- State
- Hawaii
- Longitude
- -157.901
- Latitude
- 21.3331
- CBSA code
- 46520
- CBSA name
- URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA