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    OFF-MARKET
    Warehouses

    91-361 Kaiholo St, Kapolei, HI 96707-1848

    10,800 SF 1.7 ac lot Built 2010
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US24-0324213
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fee-simple industrial property located at 91-361 Kaiholo St, Kapolei, HI 96707. Situated on a 1.7-acre lot within the Kenai Industrial Park, this property boasts two separate warehouse buildings constructed in 2007 and 2010, offering a combined 24' ceiling height. The property is currently occupied by two strong tenants: Harrington Industrial Plastics, a national company with over 60 locations, and 808 Diesel Performance, a Hawaii-based business operating since 2011. The property's zoning is I-3 | Waterfront Industrial, allowing for potential future expansion. The property enjoys a prime location, just three miles from the H-1 freeway entrance and adjacent to Kalaeloa Harbor, providing convenient access to transportation and shipping. The large, open yard space optimizes container and vehicle flow. The property offers a strong financial performance, with a Net Operating Income (NOI) of $361,904 and a 4.96% capitalization rate. The asking price is $7,300,000. This is a rare chance to acquire a well-located, high-performing industrial investment property in West Oahu's thriving industrial district. The property's proximity to Kalaeloa Harbor, which handles various cargo types, further enhances its strategic value.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2010
    Construction STEEL FRAME
    Total area 10,800 SF
    Lot 1.7 ac (74,224 SF)
    Zoning code I-3 INDUSTRIAL-WATERFRONT
    APN 1-9-1-074-007
    UPID US24-0324213
    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
    • Harrington Industrial Plastics Factory Metal Fabrication Plant
    • 808 Diesel Auto Repair Shop
    • Ryusaki General Repair Inc Auto Repair Shop Vehicle Inspection Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Shing Ning INC · 1 yrs held
    Shing Ning INC
    since 2024
    Last sale
    $6.5M
    4 recorded transactions
    2024
    $6.5M
    2016
    2004
    $575,236
    1969
    Zoning & alternative use
    I-3 INDUSTRIAL-WATERFRONT · Kapolei, HI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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