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    85-866 Farrington Hwy Waianae, HI 96792

    For Sale
    $2,700,000

    Waianae retail investment opportunity. High visibility, ample parking.

    Property size:
    10,165 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Waianae, Oahu retail property, the Orita Building, presents a compelling investment opportunity. Priced at $2,700,000, this fee-simple offering encompasses two commercial buildings totaling 10,165 net rentable square feet on a 24,508 square foot lot. Built in 1953 and 1962, the buildings feature a two-story design and boast a prime location along Farrington Highway, providing approximately 151 linear feet of high-visibility frontage. The property is zoned B-2, Community Business, allowing for diverse uses. Currently, one building is occupied, while the other offers significant redevelopment or lease-up potential. The property includes abundant parking, with a large parking area facing Farrington Highway and a secondary lot at the rear. Two convenient curb cuts optimize traffic flow. This property offers significant upside for owner-users seeking high visibility and convenient access, or investors aiming to maximize cash flow through leasing. The large land parcel also presents potential for future development. The address is 85-866 Farrington Hwy, Waianae, HI 96792, with APN 1-8-5-10-6 & 7.

    Property Features for 85-866 Farrington Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,165 SF

    Building Details

    Year Built
    1953
    Buildings
    2
    Stories
    2

    HighLights

    • Fee‑simple ownership of the Orita Building, a two‑building retail property totaling 10,165 net rentable square feet on a 24,508 square foot lot, priced at $2,700,000.
    • 151 linear feet of high‑visibility Farrington Highway frontage.
    • Abundant parking with a large lot facing Farrington Highway and a secondary rear lot.
    • 24,508 square foot lot offering redevelopment potential.
    • Two curb cuts for efficient traffic flow.
    • Prime B‑2 zoned location on Farrington Highway in Waianae, Oahu.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Waianae
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.18791329
    Latitude
    21.44522355

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    FAQs

    What type of property is this?
    Individual retail property - Waianae retail investment opportunity. High visibility, ample parking.
    Where is this individual retail property located?
    The property is located at 85-866 Farrington Hwy Waianae, HI.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: Fee-simple ownership of the Orita Building, a two-building retail property totaling 10,165 net rentable square feet on a 24,508 square foot lot, priced at $2,700,000.; 151 linear feet of high-visibility Farrington Highway frontage.; Abundant parking with a large lot facing Farrington Highway and a secondary rear lot.
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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
    85-866 Farrington Hwy Waianae, HI 96792
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