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

    85-910 Farrington Hwy Waianae, HI 96792

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

    Prime Farrington Hwy Location, Lease Available

    Lot size:
    17,671 SF

    Property Features for 85-910 Farrington Hwy

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,671 SF
    Total Rate
    35342

    Building Details

    Year Built
    1959
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 85-910 Farrington Hwy, Waianae, HI 96792 Contact us
    Unit

    $24 /Mo

    Size
    3,027 SF
    Contact us

    We can help!

    Listing Contact
    Nora Bland
    Nora Bland

    Listing Agency: Sofos Realty Corporation Listing Agent: Nora Bland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional medical office space, located at 85-910 Farrington Highway in Waianae, Hawaii, presents a unique leasing opportunity. The property, situated in the Leeward submarket of Honolulu County, boasts a convenient location on Farrington Highway, offering excellent visibility and accessibility. The single-tenant building, constructed in 1959, comprises a total of 17,671 square feet across two stories. The available space is a ground-level, L-shaped unit exceeding 3,000 square feet, ideally suited for medical practices. This unit includes convenient amenities such as water and restroom facilities. The property's B-2 zoning ensures flexibility for various medical uses. Its strategic location near Pokai Bay Beach Park, Jack In The Box, and the Waianae Protestant Church provides high visibility and easy access for patients and staff. The APN is 1-8-5-10-58, and the zip code is 96792. This property offers a compelling combination of location, size, and amenities, making it an attractive option for medical professionals seeking a well-established presence in the Waianae community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Map

    City
    Waianae
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.18776600326
    Latitude
    21.44459212704

    Nearby Similar for Lease

    • Contact for pricing
      20,614 SF

      Nanakuli QSR Pad Ground Lease

      Ground lease opportunity for a quick service restaurant pad.
      87-1978 Farrington Hwy, Waianae, HI 96707
      View Details
    • Contact for pricing
      7,583 SF

      Pacific Shopping Mall Retail Space

      Retail space available in established Waianae Coast shopping mall.
      87-2070 Farrington Hwy, Waianae, HI 96792
      View Details
    • $42 SF/Yr
      1,200 SF

      Nanakuli Village Center Retail Space

      Prime Waianae Retail Space Available
      89-102 Farrington Hwy, Waianae, HI 96792
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Prime Farrington Hwy Location, Lease Available
    Where is this medical office space located?
    The property is located at 85-910 Farrington Hwy Waianae, HI.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Excellent street visibility and accessibility.; Abundant on-site parking.; Unit includes private restroom and water access.
    (808) 522-5967 Call to check price and availability
    Request Owner's contact information
    85-910 Farrington Hwy Waianae, HI 96792
    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.
    85-910 Farrington Hwy
    Waianae, HI 96792
    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
    85-910 Farrington Hwy Waianae, HI 96792
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nora Bland
    Nora Bland
    Real Estate License ID: RS-65997
    (808) 522-5967 (808) 780-6678
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!