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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Warehouses
99-1405 Koaha Pl, Aiea, HI 96701-5613
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0361697
Property summary
AI-generated overview
This 1,640 square foot warehouse space is available for lease in Aiea, Hawaii. Located at 99-1405 Koaha Place, 96701, this property boasts a convenient location within the Halawa Business Park, offering easy access to major transportation arteries. The H-1 and H-3 Freeways are within a mile, providing quick commutes to Pearl Harbor, Honolulu International Airport, and the Honolulu Harbor shipyard. Built in 1991, the building features multiple tenancies and is zoned I-2. The warehouse space itself offers ceiling heights ranging from 18 to 20 feet, with each unit equipped with a sprinkler system, restroom, water, electricity, and ample parking. Second-floor bays include a 12x12 foot roll-up door. The entire 1,640 square foot space is currently vacant and ready for immediate occupancy. The property's APN is 1-9-9-77-65, and it's situated in Honolulu County. This versatile space is perfect for businesses seeking a strategic location and functional warehouse space.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Total area
27,894 SF
Lot
0.73 ac (32,007 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-9-077-065
UPID
US24-0361697
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
-
FLEETWASH a Kept Company Commercial Cleaning Service
-
PHG Tents and Events - Pacific Hawaiian Group Inc. Party Supply Store Rental Equipment Company
-
Kalu Glass Co General Contractor Renovation Specialist
-
Island Collections, Inc. Department Store
-
Lite Solar Corporation Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.24M
Owner & transaction history
Spartan Capital Holdings LLC · 4 yrs held
Spartan Capital Holdings LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Aiea, 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 Aiea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aiea 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
$1,280,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,935,000
Current use
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.21M (Apr 22 2022)
Last sale anchor
$1.21M
Apr 22 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
$44 / 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
$56,740
Tax year 2023
Assessed value
$4,661,500
Assessed 2024
Previous assessed
$4,661,500
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,755,500
Assessed improvement
$1,906,000
Land market value
$2,755,500
Improvement market value
$1,906,000
Total market value
$4,661,500
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
1991
Heating
NONE
Stories
2
Bathrooms
13
Total area
27,894 SF
Lot
0.73 ac (32,007 SF)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-9-077-065
UPID
US24-0361697
Jurisdiction
HONOLULU
Zoning & alternative use
I-2 INDUSTRIAL-GENERAL · Aiea, HI
Zoning I-2 INDUSTRIAL-GENERAL · permitted uses
I-2 INDUSTRIAL-GENERAL · Aiea, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aiea. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
WAREHOUSE, STORAGE Current
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
1991
Heating
NONE
Stories
2
Bathrooms
13
Lot
0.73 ac
Current owner
From public records · entity-resolved
Spartan Capital Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1099 ALAKEA ST STE #1100, HONOLULU, HI 96813-4512
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
$1,206,415
Spartan Capital Holdings LLC
Queen Emma Land Co
Lease
—
Dec 31, 2019
—
Spartan Capital Holdings LLC
—
Deed
related
$1,604,564 · Kalu Glass Co INC
Sep 30, 2016
—
First Hawaiian Bk
Spartan Capital Holdings LLC
Grant Deed
$500,000 · First Hawaiian Bank
Mar 6, 2015
$1,800,000
Spartan Capital Holdings LLC
Wildcat Management Ltd
Grant Deed
$1,700,000 · Wildcat Management Ltd
Mar 28, 2002
$1,537,300
Wildcat Management Ltd
Mjs INC
—
$1,000,000 · First Hawaiian Bank
Dec 27, 2001
$1,487,300
Mjs INC
Investments Maka
—
—
—
—
Spartan Capital Holdings LLC
—
Deed Of Trust
related
$1,604,564 · Kalu Glass Co INC
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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