B-2 Zoned
For Sale
$579,000
85-784 Farrington Highway, Waianae, HI 96792
B-2 zoning supports a range of commercial uses, including retail, food service, professional offices and personal services.
Property Size2,800 SF
Price / SF$206.79
Days on Market10
Property Features for 85-784 Farrington Highway
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Commercial
Zoning
B-2
Additional Details
Gross Income
$43,890
Warehouse Space
2,800 SF
Taxes and HOA fees
Annual Taxes
$6,433
Amenities
Concrete Flooring
On Site
Building Details
Year Built
1972
Building Size
2,800 SF
Tenancy
Single
Listing Agency:
WEST BEACH REALTY, INC.
(808) 696-4774
Listed By:
G. JEANNIE BYERS · License #RB-14805
(808) 285-4774
Source:
Corcoran
Added: Oct 7
Changed: Oct 15
Last Checked: Oct 16 at 9:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WEST BEACH REALTY, INC.
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Investment Insights
Based on property information with market context.
This 2,800-square-foot warehouse in Waianae is occupied by Hale Nalu Bike Shop under a month-to-month lease. Built in 1972, the property is zoned B-2 Community Business District. The source identifies potential uses in retail, food and beverage, professional and medical services, personal services, automotive services, and entertainment and hospitality.
Key Highlights
- 2,800‑square‑foot warehouse
- B‑2 Community Business District zoning
- Occupied by Hale Nalu Bike Shop on a month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,615
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,300
$892.3K
Cap Rate 7%
$637,357
$637.4K
Cap Rate 9%
$495,722
$495.7K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$53.1K $18.96/SF
− Vacancy
−$600 −$0.21/SF
EGI
$52.5K $18.75/SF
− OpEx
−$7.9K −$2.81/SF
NOI
$44.6K $15.93/SF
Area
Honolulu County, HI
Vacancy
1.13%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,300
Cap Rate 7%
$637,357
Cap Rate 9%
$495,722
Alternative Uses
Best Use
Retail
$1.06M
$926.4K – $1.24M
NOI $74,114 @ 7.0% cap · market cap 12.80%
Second Best
Warehouse
$637.4K
$557.7K – $743.6K
NOI $44,615 @ 7.0% cap · market cap 7.71%
Theoretical Best
Specialty Retail
$1.13M
$992.6K – $1.32M
NOI $79,408 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Demographics for 96792, HI
51,965
Population
15,516
Households
3.3
Avg Household Size
35
Median Age
16%
College-Educated
91%
High-School Grad
61.1 sq mi
ZIP Area
850
Density / Sq Mi
$83,927
Median Household Income
$39,666
Median Earnings
$1,820
Median Rent
$551,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - B-2 zoning supports a range of commercial uses, including retail, food service, professional offices and personal services.
Where is this warehouse located?
The property is located at 85-784 Farrington Highway Waianae, HI.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 2,800‑square‑foot warehouse; B‑2 Community Business District zoning; Occupied by Hale Nalu Bike Shop on a month‑to‑month lease
