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    FOR SALE
    Warehouses

    99-1392 Koaha Pl, Aiea, HI 96701

    4,955 SF 0.53 ac lot Built 1999
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US24-0299985
    Property summary
    AI-generated overview

    This exceptional 4,955 square foot warehouse in Aiea, Hawaii, presents a unique owner-user opportunity. Located in Halawa Business Park, this property boasts convenient access to all three major freeways, placing it just 10 minutes from Honolulu International Airport, 15 minutes from downtown Honolulu, and 20 minutes from Kapolei. The 1999-built structure sits on a substantial 22,871 square foot lot (APN: 9-9-77-17) and is zoned I-2. The warehouse features ceiling heights ranging from 16 to 20 feet, four 12' x 10' roll-up doors, and ample parking with 18 marked stalls and extensive yard space ideal for storage or additional vehicles. Inside, you'll find well-maintained office space with a secured entrance, reception area, mezzanine storage, private offices, a conference room, kitchenette, and two restrooms (one with a shower). The property's leasehold ownership offers flexibility, allowing for either complete owner-use or the creation of leasable sections for added revenue. This is a rare opportunity to acquire a well-located, versatile industrial property in a thriving area. The property is ready for immediate occupancy.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1999
    Total area 4,955 SF
    Lot 0.53 ac (22,871 SF)
    Zoning code I-2 INDUSTRIAL-GENERAL
    APN 1-9-9-077-017
    UPID US24-0299985
    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
    • MK Electric LLC Electrical Service General Contractor
    • Standard Electric Inc Electrical Service General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.12M
    CAP Approach CAP
    $1.22M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.09M
    Owner & transaction history
    99 1392 Koaha Place LLC · 4 yrs held
    99 1392 Koaha Place LLC
    since 2022
    Last sale
    $1.0M
    3 recorded transactions
    2022
    $1.0M
    2016
    $835,000
    1969
    Zoning & alternative use
    I-2 INDUSTRIAL-GENERAL · Aiea, HI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.4M +300.4%
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    More about this property
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