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 Market690
Property Features for 87-64 Farrington Hwy
General Information
Standard status
Active
Size
8,304 SF
Property subtype
Retail
Listing Agency:
CUSHMAN & WAKEFIELD | ChaneyBrooks - Honolulu, Hawaii
(808) 387-3444
Listed By:
Kelly Vea · License #Hawaii
Source:
Crexi
Added: Sep 12, 2024
Changed: Jul 6
Last Checked: Aug 1 at 9:27AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $329.8k | $39.72 |
| − Vacancy | −$15.8k | −$1.91 |
| EGI | $314.0k | $37.81 |
| − OpEx | −$94.2k | −$11.34 |
| NOI | $219.8k | $26.47 |
8,304 SF · lease $39.72/SF/yr · vacancy 4.80% · expense 30.00%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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.
