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    87-64 Farrington Hwy Waianae, HI 96792

    For Sale
    $4,250,000

    Waianae, HI Shopping Center - Ocean Views

    Property size:
    8,304 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a well-maintained, fee-simple shopping center in Waianae, Hawaii. Located at 87-64 Farrington Hwy, 96792, this 8,304 square foot property sits on a 21,421 square foot lot (APN: 8-7-11: 81, 82, 83, 85) and boasts a cohesive tenant mix, including popular dining establishments. Built in 1975 and effectively renovated in 1980, the property features a recently painted exterior and a large, recently repaved and restriped parking lot. The property is zoned B-1 (Neighborhood Business District) and R-5 (Residential District for the parking lot), offering flexibility and potential for future development. Its prime location on Farrington Highway, a major thoroughfare with nearly 30,000 vehicles passing daily, ensures exceptional visibility and accessibility. Upper levels offer stunning ocean views of Maili Beach, enhancing the appeal for tenants and customers. This community hub provides a stable income stream and significant upside potential, making it an attractive investment for those seeking a strong return. The asking price is $4,250,000.

    Property Features for 87-64 Farrington Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    8,304 SF

    HighLights

    • Strong tenant mix with popular breakfast and dinner anchors.
    • Breathtaking ocean views of Maili Beach from upper levels.
    • High visibility and accessibility on the island's main thoroughfare, with nearly 30,000 vehicles passing daily.
    • Well‑maintained building with modern amenities and recently painted exterior.
    • Ample parking with a recently repaved and restriped lot.
    • Thriving community hub attracting locals and tourists.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Waianae
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.1785874
    Latitude
    21.4277373

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    FAQs

    What type of property is this?
    Lifestyle center - Waianae, HI Shopping Center - Ocean Views
    Where is this lifestyle 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 $4,250,000.
    What are key features of this property?
    This property features: Strong tenant mix with popular breakfast and dinner anchors.; Breathtaking ocean views of Maili Beach from upper levels.; High visibility and accessibility on the island's main thoroughfare, with nearly 30,000 vehicles passing daily.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    87-64 Farrington Hwy Waianae, HI 96792
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