Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    95-1249 Meheula Parkway Mililani, HI 96789

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Remodeled town center with retail and office spaces available.

    Type:Retail, Office, Restaurant
    Lot size:
    10.00 Acres
    Added:
    Nov 13, 2018
    Days on Market:
    2701
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 95-1249 Meheula Parkway

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    Retail, Office, Restaurant

    We can help!

    Listing Contact
    Gabrielle Chock

    Listing agent Gabrielle Chock License #RS-83065

    Listing office Colliers - Honolulu, Hawaii

    Listing date Nov 13, 2018

    Source Crexi

    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 Colliers - Honolulu, Hawaii

    Overview

    Mililani Town Center Retail/Office

    The Town Center of Mililani, serving as the primary gathering place for the community and nearby Schofield Barracks, features a remodeled outdoor center court. This open-air center is a central destination in Central Oahu. The location offers restaurants and entertainment, including Consolidated Theaters. Retail options include Times Supermarket, Longs Drugs, Petsmart, Walmart, and City Mill. Food options include California Pizza Kitchen and Five Guys Burgers and Fries. Built-out office spaces are available at the Professional Center within the shopping center. Other tenants include Wal-Mart, Times Supermarket, Longs Drugs, and Consolidated Theaters. The center also hosts medical and service retail tenants. Free customer parking is available.
    Location Intelligence

    Current Use by Public Records

    Jeans Warehouse Clothing & Fashion Store HIC Hawaiian Island ... (Bike/Boat/Book/etc) Store AT&T Store Mobile Phone Store Fun Factory - Town ... Arcade & Gaming Center Diagnostic Laboratory Services, ... Medical Laboratory

    Map

    City
    Mililani
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.018722
    Latitude
    21.4493112

    Nearby Similar for Lease

    • Contact for pricing

      Mililani Tech Park Office/Warehouse

      Two-story office with warehouse in Mililani Tech Park.
      600 Kahelu Ave, Mililani, HI 96789
      View Details
    • Contact for pricing

      Mililani Shopping Center Retail Space

      Retail spaces available in Mililani Shopping Center.
      95-221 Kipapa Dr, Mililani, HI 96789
      View Details

    FAQs

    What type of property is this?
    Shopping center - Remodeled town center with retail and office spaces available.
    Where is this shopping center located?
    The property is located at 95-1249 Meheula Parkway Mililani, HI.
    What are key features of this property?
    This property features: Largest and top grossing lifestyle destination in Central Oahu.; Located in the heart of Mililani, a highly desirable community.; Features a diverse mix of tenants including major retailers like Walmart, Times Supermarket, Longs Drugs, and Consolidated Theaters.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gabrielle Chock
    Real Estate License ID: RS-83065
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!