Kahelu Ave - Kahelu Business Park 1.1 - 2.94 Acre Industrial Land Lots Offered at $4,058,050 - $8,444,736 Per Lot in Mililani, HI 96789

Lot-17 represents a rare opportunity to acquire fee simple industrial land in Central Oahu, where available inventory remains extremely limited. The ±19-acre parcel is being master planned into 10 CPR (Condominium Property Regime) units, with anticipated lot sizes ranging from approximately 1 acre to 3+ acres. This flexible development allows for a range of users, from small to mid-sized owner-users to larger industrial operators seeking to secure a long-term footprint.
The property is located within Kahelu Business Park (Mililani Tech Park) and zoned IMX-1, permitting a wide variety of uses including warehouse, light industrial, contractor yards, distribution, and supporting office space. Users will have the ability to design and construct improvements tailored to their operational needs, offering a strong alternative to leasing in a market with rising occupancy costs.
A common concern with Mililani Tech Park is its perceived development restrictions. However, a detailed planning analysis comparing MTP guidelines to standard LUO IMX-1 zoning indicates that allowable building areas and parking requirements are generally comparable. This provides users with functional development capacity while maintaining a well-planned and cohesive business park environment.
From a location standpoint, Lot-17 benefits from a strategic Central Oahu position with immediate access to the H-2 Freeway, providing efficient connectivity to H-1 Freeway, Honolulu’s urban core, and the rapidly growing Kapolei industrial region. This central location is ideal for businesses requiring island-wide distribution and access to a strong labor pool.
Key advantages include:
Fee simple ownership (no ground lease)
Flexible CPR unit sizes (±1 to 3+ acres)
IMX-1 zoning with broad industrial use allowances
Ability to build-to-suit for owner-user requirements
Comparable development capacity to standard LUO zoning
Central Oahu location with strong freeway access
Limited competing industrial land inventory on Oahu
This offering presents an opportunity to secure long-term control of industrial real estate in a supply-constrained market, with flexibility to develop immediately or hold for future appreciation.
For additional information, including site plans, zoning analysis, and unit configuration, please contact the listing agent.