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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Farrington Hwy Kapolei, HI 96707

    • Land
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Farrington Hwy

    Lot size
    1.40 lot acres
    Property type
    Land

    Description

    This exceptional 1.4-2 acre commercial land parcel, designated as Lot 44, presents a unique investment opportunity in Kapolei, Hawaii. Located on Farrington Highway in Honolulu County, zip code 96707, this fee simple property benefits from a B-1, Business Neighborhood zoning designation, allowing for a variety of commercial uses. Its strategic location within Ho‘opili, a master-planned community, offers unparalleled access to key amenities and infrastructure. The property enjoys proximity to the newly completed Ewa Nui Substation, a future DOE high school, the University of Hawaii West Oahu campus, and the expansive Ka Makana Alii shopping center. Farrington Highway, a major arterial road connecting Waipahu to Kaena Point, ensures excellent visibility and accessibility. Furthermore, the property's convenient location near Honolulu's first mass transit rail system, "Skyline," enhances its appeal for various commercial developments, including retail, office space, or mixed-use projects. This prime location, coupled with the fee simple ownership and B-1 zoning, makes this parcel an exceptional opportunity for investors seeking high-growth potential in West Oahu's thriving commercial market. The property's size is between 1.4 and 2 acres.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kapolei
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.1
    Latitude
    21.3408

    Comparable in this City

    • Value Estimation by Request
      720 SF

      1051 Kakala St Unit

      Land • 720 SF
      1051 Kakala St Unit, Kapolei, HI 96707
      View Details
    • Value Estimation by Request
      1.74 Acres

      91-491 Kapolei Kai St

      Land • 1.74 Acres
      91-491 Kapolei Kai St, Kapolei, HI 96707
      View Details
    • Value Estimation by Request
      0.48 Acres

      Kualakai Pkwy & Farrington Hwy

      Land • 0.48 Acres
      0 Kualakai Pkwy & Farrington Hwy, Kapolei, HI 96707
      View Details
    • Value Estimation by Request
      10.32 Acres

      Kapolei, HI 96707

      Land • 10.32 Acres
      Kapolei, HI 96707
      View Details
    • Value Estimation by Request
      1.90 Acres

      Leihano At Kapolei

      Land • 1.90 Acres
      0 Leihano At Kapolei, Kapolei, HI 96707
      View Details
    • Value Estimation by Request
      83,008 SF

      91-1051 Enterprise St

      Distribution properties • 83,008 SF
      91-1051 Enterprise St, Kapolei, HI 96707
      View Details

    Similar Nearby for Sale

    • $725,000
      720 SF

      Kapolei Retail Space: 720 SF

      Prime Kapolei retail space, 720 sq ft, 4 parking stalls.
      1051 Kakala St, Kapolei, HI 96707
      View Details
    • $27,000,000
      9.52 Acres

      Kapolei Warehouse: 9.52 Acres

      Rare I-2 zoned land; 3,300 sq ft warehouse.
      91-445 Komohana St, Kapolei, HI 96707
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    • $725,000
      720 SF

      Kapolei Retail Space: 720 SF

      Prime Kapolei retail space, 720 sq ft, loft, parking.
      1051 Kakala St, Kapolei, HI 96707
      View Details
    • $710,000
      1,800 SF

      Kapolei Land with Approved Permits

      Corner lot with ocean views and approved building permits.
      92-840 Wainohia St, Kapolei, HI 96707
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    • $699,000

      Residential Lot with Ocean Views

      7,397 sq. ft. lot in Makakilo with ocean views.
      92-1180 Pueonani St, Kapolei, HI 96707
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    • Contact for pricing
      32,818 SF

      Kapolei Warehouse: 32,818 SF

      Industrial warehouse, fee simple ownership.
      91-1051 Enterprise St, Kapolei, HI 96707
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,053 SF

      Farrington Highway Retail Outparcel

      Prime Retail Land, 32,053 SF Available
      91-650 Farrington Hwy, Kapolei, HI 96707
      View Details
    • $48 SF/Yr
      64,000 SF

      Kapolei Marketplace Retail Spaces

      Prime Kapolei retail space available.
      590 Farrington Hwy, Kapolei, HI 96707
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    • $5 SF/Yr
      3,122 SF

      Kapolei Commons Retail Spaces

      Prime Kapolei retail spaces available.
      4450 Kapolei Pkwy, Kapolei, HI 96707
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    • $2 SF/Yr
      73,493 SF

      Kapolei Executive Office Suites

      Class A Office Space, Oahu, Hawaii
      1001 Kamokila Blvd, Kapolei, HI 96707
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    • $14 SF/Yr
      47,692 SF

      Kapolei Warehouse Space Available

      Industrial warehouse space for lease in Kapolei, HI.
      91-329 Kauhi St, Kapolei, HI 96707
      View Details
    • $2 SF/Yr
      4,000 SF

      Kapolei Warehouse: 4,000 SF Available

      Industrial warehouse space with large yard. Ideal for storage & distribution.
      91-1799 Roosevelt Ave, Kapolei, HI 96707
      View Details
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    Farrington Hwy
    Kapolei, HI 96707
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    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
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