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    94-239 Waipahu Depot St Waipahu, HI 96797
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    94-239 Waipahu Depot St Waipahu, HI 96797

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    • Commercial real estate
    • 11,609 SF
    • 0.28 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    Waipahu Office and Retail Space For Lease
    $15 SF/Yr

    Waipahu Office and Retail Space

    Office and retail property in the heart of Waipahu.

    94-239 Waipahu Depot St, Waipahu, HI 96797
    View Listing
    Property ID
    US24-0061125
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • WestSide Music Hawaii / (Bike/Boat/Book/etc) Store
    • Jeffrey Maehara / Ophthalmologist
    • Loving Care Health Provider, Inc. / Home Health Care Service
    • InfiniteCare-Plus / Home Health Care Service
    • InfiniteCare-PLUS / Home Health Care Service / Service Establishment

    Property Details for 94-239 Waipahu Depot St

    Year built
    1970
    Lot size
    0.28 lot acres
    Property size
    11,609 SF
    Zone code
    BMX-3
    Property type
    Commercial real estate
    APN
    1-9-4-014-005
    APU
    194014005

    Description

    The Depot Center, located at 94-239 Waipahu Depot St, Waipahu, HI 96797, offers exceptional office and retail space in Honolulu County. This multi-tenant property boasts a total of 10,766 square feet, with a minimum divisible space of 319 square feet and a maximum contiguous space of 1,265 square feet. Currently, 5,338 square feet are available for lease, offering seven individual spaces to accommodate various business needs. The building is conveniently situated just one block mauka of Farmington Highway, providing easy access to the freeway and other major thoroughfares. Its central location in Waipahu, near the Sonido Building and Times, makes it an ideal location for businesses seeking high visibility and convenient access for clients and employees. The property features building air conditioning operating daily from 7:00 AM to 7:00 PM. This prime location in Waipahu offers a unique opportunity for businesses seeking a well-maintained and conveniently located office space. The property is categorized as both retail and office, offering flexibility for a variety of business types. Inquire today to learn more about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,972,000
      Market price range: $1.93M - $8.83M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waipahu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.006
    Latitude
    21.3843
    CBSA code
    46520
    CBSA name
    URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,517
    $1,056,800
    $1,086,900
    $2,143,700
    -
    $1,056,800
    $1,086,900
    $2,143,700

    Comparable in this City

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      View Details
    • Value Estimation
      $3,750,000
      27,858 SF

      94-766 Farrington Hwy

      COMMERCIAL (GENERAL) • 27,858 SF
      94-766 Farrington Hwy, Waipahu, HI 96797-3348
      View Details
    • Value Estimation
      $13,300,000
      46,418 SF

      91590 Farrington Hwy

      COMMERCIAL (GENERAL) • 46,418 SF
      91590 Farrington Hwy, Waipahu, HI 96797
      View Details
    • Value Estimation
      $985,000
      6,979 SF

      94-668 Farrington Hwy

      COMMERCIAL (GENERAL) • 6,979 SF
      94-668 Farrington Hwy, Waipahu, HI 96797-3014
      View Details
    • Value Estimation
      $1,895,000
      10,428 SF

      94-60 Farrington Hwy

      COMMERCIAL (GENERAL) • 10,428 SF
      94-60 Farrington Hwy, Waipahu, HI 96797-1839
      View Details
    • Value Estimation by Request
      3,062 SF

      94-1015 Ka Uka Blvd

      COMMERCIAL (GENERAL) • 3,062 SF
      94-1015 Ka Uka Blvd, Waipahu, HI 96797-4202
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Kunia Loa Ridge Farmlands Opportunity

      Agricultural land for sale in Kunia Loa Ridge Farmlands.
      94-1100 Kunia Rd, Waipahu, HI 96797
      View Details
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      One acre land parcel with road frontage and partial views.
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      Agricultural Lot in Coop Farm

      One-acre agricultural lot with improvements in established farm community.
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      Kunia Loa Ridge Farmlands

      2.5 acre farmland with mature fruit trees and structures.
      94-1100 Kunia Rd #0045, Waipahu, HI 96797
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      Waipahu Multifamily Investment Opportunity

      Turnkey multifamily property in Waipahu with fully renovated units.
      94-246 Aniani Pl, Waipahu, HI 96797
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      Waipahu Warehouse Ready For Occupancy

      Warehouse unit ideal for owner-user with high ceilings.
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    Similar Nearby for Lease

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      94-465 Koaki St, Waipahu, HI 96797

      Warehouses
      94-465 Koaki St, Waipahu, HI 96797
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      Waipahu Commercial Space on Farrington

      Versatile commercial space with excellent accessibility and visibility on Farrington.
      94-307 Farrington Hwy, Waipahu, HI 96797
      View Details
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      Retail Space in Kunia Area

      Retail space available for rent in a high-traffic shopping center.
      94-615 Kupuohi St, Waipahu, HI 96797
      View Details
    • $3 SF/Yr

      Retail Space in Kunia Area

      Retail space available in high-traffic shopping center in Kunia.
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      View Details
    • Contact for pricing

      Waipahu Professional Office Building

      Centrally located office building in Waipahu with customer parking.
      94-730 Farrington Hwy, Waipahu, HI 96797
      View Details
    • Contact for pricing

      Waipahu Office and Retail Space

      Office and retail property in the heart of Waipahu.
      94-239 Waipahu Depot St, Waipahu, HI 96797
      View Details
    View Listing
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    Waipahu, HI 96797
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    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
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