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Property profile & analytics
OFF-MARKET
Industrial properties
99-930 Iwaena St Ste B101, Aiea, HI 96701-3283
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0235989
Property summary
AI-generated overview
This exceptional 2,827-square-foot warehouse, situated in the desirable Halawa Industrial Park in Aiea, Hawaii, presents a compelling investment opportunity. The property, a single-unit condominium, boasts a two-story building with approximately 23-foot ceiling heights and one dock-high door. The sale includes a ground lease expiring December 31, 2034, and the current absolute NNN lease on the building expires October 31, 2025, leaving approximately 0.9 years remaining. The property is zoned I-2 and offers ample parking with three spaces per unit. The asking price is $180,000, translating to a price per square foot of $63.67. This well-maintained warehouse is ideal for a variety of industrial uses and offers a strong return on investment. The address is 99-930 Iwaena St, Aiea, HI 96701, within Honolulu County. This is a for-sale-by-owner opportunity. The net rentable square footage is 2,827 square feet.
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-9-072-012-0008
UPID
US24-0235989
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
-
Everon - ADT Commercial Corporate Office
-
ADT Security Services Security Service
-
HoAloha Design Group Construction Company General Contractor
-
Reef Development of Hawaii Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jerry A Olinski · 3 yrs held
Jerry A Olinski
since 2023
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,364
Tax year 2023
Assessed value
$433,800
Assessed 2024
Previous assessed
$433,800
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$260,700
Assessed improvement
$173,100
Land market value
$260,700
Improvement market value
$173,100
Total market value
$433,800
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Zoning code
I-2 INDUSTRIAL-GENERAL
APN
1-9-9-072-012-0008
UPID
US24-0235989
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.
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Units
1
Current owner
From public records · entity-resolved
Jerry A Olinski
Individual
Free & Clear · 3 yrs held
Mailing address
600 QUEEN ST APT #2801, HONOLULU, HI 96813-5170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2023
—
Jerry A Olinski
Jerry Allen Olinski
Intrafamily Transfer
related
—
May 27, 2009
$1,000
Jerry A Olinski
Olinski Jerry A & J U Trust
Grant Deed
related
—
—
—
Olinski Trust
—
Deed Of Trust
related
$101,000 · Hedco Local Development Corp
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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