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Property profile & analytics
OFF-MARKET
Estimated value
$11,215,000
Warehouses
91-329 Kauhi St, Kapolei, HI 96707-1818
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0259380
Property summary
AI-generated overview
This exceptional warehouse space, located within the James Campbell Industrial Park at 91-329 Kauhi Street, Kapolei, HI 96707, offers a prime opportunity for businesses seeking flexible and functional industrial space in Honolulu County. The property, zoned I-2 (General Industrial District), features a total of 47,692 square feet, with multiple tenancy options available. Individual units range from a minimum of 2,100 square feet to a maximum contiguous space of 5,769 square feet, with 7,869 square feet currently vacant. The building provides convenient amenities including common restrooms, container access, and ample parking with a total of 12 stalls. Each unit is equipped with both pedestrian and roll-up doors for easy access and loading/unloading. This location within the largest heavy industrial park on Oahu offers significant advantages, including proximity to Kalaeloa Barbers Point Harbor and the City of Kapolei, ensuring excellent transportation links and logistical efficiency. The property's APN is (1) 9-1-32-75 (portion of). This is an ideal location for businesses seeking a strategic foothold in a thriving industrial area. Contact us today to learn more about leasing options and secure your space.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Construction
STEEL FRAME
Total area
35,392 SF
Lot
2.36 ac (102,584 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-1-032-075
UPID
US24-0259380
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Upright Fencing Hawaii LLC General Contractor Construction Company
-
Alaka'i CrossFit Gym & Fitness Center
-
Testron International Department Store
-
Rhema electric pacific Electrical Service General Contractor
-
Mika Realty LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.10M
CAP Approach
CAP
$8.68M
Comparable Approach
Comparable
$10.90M
Blend (final)
Blend
$11.22M
Owner & transaction history
Ilpt Kk 329 LLC · 3 yrs held
Ilpt Kk 329 LLC
since 2022
Last sale
$11.5M
4 recorded transactions
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Kapolei, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kapolei submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kapolei submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$12,165,000
ML approach
$10,095,000
CAP Approach
CAP Return
Estimation
6%
$9,400,000
6.5%
$8,675,000
7%
$8,055,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,835,000
Current use
COMMERCIAL (GENERAL)
$15,290,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,475,000
Change: -9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,390,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$11.22M
Range $10.09M – $12.34M · ±10% · vs last sale $11.45M (Oct 3 2022)
Last sale anchor
$11.45M
Oct 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$317 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$96,823
Tax year 2023
Assessed value
$7,826,400
Assessed 2024
Previous assessed
$7,826,400
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$5,334,400
Assessed improvement
$2,492,000
Land market value
$5,334,400
Improvement market value
$2,492,000
Total market value
$7,826,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Units
1
Bathrooms
13
Total area
35,392 SF
Lot
2.36 ac (102,584 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-1-032-075
UPID
US24-0259380
Jurisdiction
HONOLULU
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Kapolei, HI
Zoning I-2 INDUSTRIAL-GENERAL · permitted uses
I-2 INDUSTRIAL-GENERAL · Kapolei, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kapolei. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$15.8M
COMMERCIAL (GENERAL)
Est. value
$15.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.5M
INDUSTRIAL (GENERAL)
Est. value
$14.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Units
1
Bathrooms
13
Lot
2.36 ac
Current owner
From public records · entity-resolved
Ilpt Kk 329 LLC
Entity
Mailing address
255 WASHINGTON ST, NEWTON, MA 02458-1637
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
—
Ilpt Kk 329 LLC
—
Deed
related
$2,320,000 · Citi Real Estate Funding INC
Oct 3, 2022
$11,450,000
Ilpt Kk 329 LLC
Hawaii Mmgd LLC
Warranty Deed
$220,000,000 · Citi Real Estate Funding INC
Mar 10, 2022
—
Hawaii Mmgd LLC
—
Deed
related
$225,196,358 · Citibank NA
Jun 15, 2005
$88,721,000
Hawaii Mmgd LLC
Campbell Hawaii Investor LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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