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    Property profile & analytics
    OFF-MARKET Estimated value $915,000
    Warehouses

    99-1330 Koaha Pl, Aiea, HI 96701-3200

    12,342 SF 0.48 ac lot Built 1991
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US24-0136517
    Property summary
    AI-generated overview

    This exceptional leasehold industrial property, located at 99-1330 Koaha Place in Aiea, Hawaii, presents a unique owner-user opportunity. The 12,342 square foot warehouse sits on a 20,801 square foot lot and boasts a desirable I-2 zoning. Built in 1991, the property features two high-cube warehouses with approximately 19-foot clear height, partially separated by a wall. Additional features include a mezzanine for extra storage, private offices, a reception area, kitchenette, and multiple restrooms. Two 12' x 14' roll-up doors provide convenient access. The property includes ten dedicated parking stalls, supplemented by ample street parking. Strategically located just off the H-1 freeway in Halawa Business Park, it offers easy access to all three major freeways. Commuting is a breeze, with proximity to Daniel K. Inouye International Airport (10 minutes), Downtown Honolulu (15 minutes), and Kapolei (20 minutes). The property benefits from a 400-amp, 3-phase electrical panel and a photovoltaic system, contributing to significant energy savings. The ground lease extends until December 31, 2046, offering long-term stability. The APN is 9-9-77-23. This versatile property is ideal for owner-occupancy or generating rental income by leasing out portions of the warehouse. The asking price is $850,000.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1991
    Total area 12,342 SF
    Lot 0.48 ac (20,801 SF)
    Zoning code I-2 INDUSTRIAL-GENERAL
    APN 1-9-9-077-023
    UPID US24-0136517
    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
    • Island Plastic Bags Inc Factory Production Facility
    • ohana ware utensils Association Or Organization
    • Hong Consulting, LLC. Consultant Accounting Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.05M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $715k
    Blend (final) Blend
    $915k
    Owner & transaction history
    Hong Investments LLC · 4 yrs held
    Hong Investments LLC
    since 2022
    Last sale
    $921,096
    2 recorded transactions
    2022
    $921,097
    2006
    $1.3M
    Zoning & alternative use
    I-2 INDUSTRIAL-GENERAL · Aiea, HI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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