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

    Kualakai Pkwy & Farrington Hwy Kapolei, HI 96707

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

    Current Use by Public Records

    • Land

    Property Details for 0 Kualakai Pkwy & Farrington Hwy

    Lot size
    0.48 lot acres
    Property type
    Land

    Description

    Ten fee-simple commercial parcels are available at Ho'opili Gateway in Kapolei, Hawaii, ranging from 0.48 to 16 acres. Located at the entrance to Ho'opili, Hawaii's largest master-planned community, this development offers exceptional visibility and access. The site boasts a B-2 zoning designation (BMX-3, pending zone change via East Kapolei Transit Oriented Development Special District), allowing for a wide array of commercial, office, and service uses. With nearly 12,000 anticipated residential units and an added population of 36,000 residents, this location is poised for significant growth and increased commercial demand for decades to come. The property benefits from ideal visibility along the H-1 Freeway, with an average daily traffic count of 50,000. Lots are development-ready, with roads and utilities already in place, and rough grading completed. Pad sites offer drive-thru capabilities, and lot sizes can be combined to accommodate diverse buyer needs. As of July 2023, approximately 2,500 homes have already been constructed within the community. This presents a unique opportunity for build-to-suit owner-users and developers to capitalize on the substantial growth and projected demand in West Oahu. The land value ranges from $65 to $80 per square foot. The address is Kualakai Parkway & Farrington Highway, Kapolei, HI 96707.

    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
    -158.055
    Latitude
    21.3621

    Comparable in this City

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      Leihano At Kapolei

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      720 SF

      1051 Kakala St Unit

      Land • 720 SF
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      1.74 Acres

      91-491 Kapolei Kai St

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

      Farrington Hwy

      Land • 1.40 Acres
      0 Farrington Hwy, Kapolei, HI 96707
      View Details
    • Value Estimation by Request
      10.32 Acres

      Kapolei, HI 96707

      Land • 10.32 Acres
      Kapolei, HI 96707
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    • 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

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    • $710,000
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      Kapolei Land with Approved Permits

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    Similar Nearby for Lease

    • Contact for pricing
      32,053 SF

      Farrington Highway Retail Outparcel

      Prime Retail Land, 32,053 SF Available
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    • $48 SF/Yr
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      Kapolei Marketplace Retail Spaces

      Prime Kapolei retail space available.
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      Kapolei Commons Retail Spaces

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      Kapolei Executive Office Suites

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    • $14 SF/Yr
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      Kapolei Warehouse: 4,000 SF Available

      Industrial warehouse space with large yard. Ideal for storage & distribution.
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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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