Maili Sunset Marketplace For
For Sale
Contact for pricing
87-64 Farrington Hwy, Waianae, HI 96792
Premier shopping center on Waianae coastline, investment opportunity.
Property Size8,304 SF
Price / SF$451.59
Days on Market782
Property Features for 87-64 Farrington Hwy
General Information
Standard status
Active
Size
8,304 SF
Property subtype
Retail
Zoning
B-1 – Neighborhood Business District; R-5 – Residential District (Parking Lot)
Building Details
Year Built
1975
Listing Agency:
CUSHMAN & WAKEFIELD | ChaneyBrooks - Honolulu, Hawaii
Listed By:
Anthony Provenzano · License #HI RB-22101
(808) 387-3444
Source:
Crexi
Added: Sep 12, 2024
Changed: Oct 25
Last Checked: Nov 1 at 2:55AM
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 CUSHMAN & WAKEFIELD | ChaneyBrooks - Honolulu, Hawaii
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Maili Sunset Marketplace is a premier shopping center situated on the Waianae coastline at 87-070 Farrington Highway. This three-story, multi-tenant commercial real estate property offers an investment opportunity, featuring a blend of businesses that draw both locals and visitors. The property is located directly across from Maili Beach. The property has 8,304 square feet of retail space.
Key Highlights
- Premier shopping center on the Waianae coastline.
- Prime location directly across from Maili Beach.
- Breathtaking ocean views.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,802
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,396,040
$4.4M
Cap Rate 7%
$3,140,029
$3.1M
Cap Rate 9%
$2,442,244
$2.4M
Market Conditions
NOI Build-Up for 8,304 SF
Gross rent
$329.8K $39.72/SF
− Vacancy
−$15.8K −$1.91/SF
EGI
$314.0K $37.81/SF
− OpEx
−$94.2K −$11.34/SF
NOI
$219.8K $26.47/SF
Area
Honolulu County, HI
Vacancy
4.80%
Lease Rate
$39.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,396,040
Cap Rate 7%
$3,140,029
Cap Rate 9%
$2,442,244
Alternative Uses
Best Use
Retail
$3.14M
$2.75M – $3.66M
NOI $219,802 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.36M
$2.94M – $3.93M
NOI $235,502 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Shopping center - Premier shopping center on Waianae coastline, investment opportunity.
Where is this shopping center located?
The property is located at 87-64 Farrington Hwy Waianae, HI.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Premier shopping center on the Waianae coastline.; Prime location directly across from Maili Beach.; Breathtaking ocean views.
