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    84-1103 Farrington Hwy Waianae, HI 96792

    • Commercial real estate
    For Sale
    View listing
    $1,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US24-0538741
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 84-1103 Farrington Hwy

    Property type
    Commercial real estate
    APN
    1-8-4-003-022-0000

    Description

    This exceptional offering presents a rare opportunity to acquire three contiguous beachfront residential lots in Waianae, Oahu, Hawaii. Located at 84-1103 Farrington Hwy, 96792, this property boasts over 200 feet of pristine white sand beach frontage. The combined land area totals 17,360 square feet, comprised of three individual parcels: 1-8-4-003-022-0000 (5,113 sq ft), 1-8-4-003-023-0000 (5,294 sq ft), and 1-8-4-003-021-0000 (6,953 sq ft), according to 2024 city tax records. The property is zoned R-10 Residential, allowing for a variety of development possibilities. The asking price is $1,250,000, which is below the tax assessed value (note that the MLS assessed value reflects only one parcel). This is a unique chance to build your dream home directly on the beach in a highly desirable location. Seize this incredible opportunity to own a piece of paradise. The property's prime location and expansive beachfront offer unparalleled potential for a luxurious coastal residence. Act quickly, as opportunities like this are seldom available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waianae
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.209078
    Latitude
    21.461039

    Comparable in this City

    • New
      $3,500,000
      12.00 Acres

      Agricultural Property with Two Homes

      Over 12-acre agricultural property featuring two single-family homes.
      87-1087 Apuupuu Rd, Waianae, HI 96792
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    • New
      $3,500,000
      12.00 Acres

      Agricultural Land with Two Homes

      Over 12-acre agricultural property featuring two well-built single-family homes.
      87-1087 Apuupuu Rd, Waianae, HI 96792
      View Details
    • New
      $850,000
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      New Multi-Family Home in Waianae

      New 5-bedroom home in Maili near beach and amenities.
      87-102 C Kulaaupuni St, Waianae, HI 96792
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    • $593,750
      2,002 SF

      Waianae Multi-Family Property

      Two houses on a large lot near the ocean and bus.
      84-736 Moua St, Waianae, HI 96792
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    • New
      $850,000
      2,230 SF

      Waianae Multi-Family Home

      5-bedroom, 3-bath home near Maili Elementary and the beach.
      87-102 C Kulaaupuni St, Waianae, HI 96792
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    • $875,000

      Three Houses on Two Lots

      Three separate houses on two lots, perfect for multi-family living.
      87-416 Kulaaupuni St, Waianae, HI 96792
      View Details

    Similar Nearby for Sale

    • $593,750
      2,002 SF

      Waianae Multi-Family Property

      Two houses on a large lot near the ocean and bus.
      84-736 Moua St, Waianae, HI 96792
      View Details
    • New
      $850,000
      2,230 SF

      New Multi-Family Home in Waianae

      New 5-bedroom home in Maili near beach and amenities.
      87-102 C Kulaaupuni St, Waianae, HI 96792
      View Details
    • New
      $3,500,000
      12.00 Acres

      Agricultural Property with Two Homes

      Over 12-acre agricultural property featuring two single-family homes.
      87-1087 Apuupuu Rd, Waianae, HI 96792
      View Details
    • New
      $3,500,000
      12.00 Acres

      Agricultural Land with Two Homes

      Over 12-acre agricultural property featuring two well-built single-family homes.
      87-1087 Apuupuu Rd, Waianae, HI 96792
      View Details
    • New
      $850,000
      2,230 SF

      Waianae Multi-Family Home

      5-bedroom, 3-bath home near Maili Elementary and the beach.
      87-102 C Kulaaupuni St, Waianae, HI 96792
      View Details
    • $599,000

      Waianae Multifamily Property Near Beach

      Two detached homes on one lot near Tumblelands beach.
      87-118 Alapaki St, Waianae, HI 96792
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    Similar Nearby for Lease

    • $24 SF/Yr
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      Waianae Medical Office Space

      Prime Farrington Hwy Location, Lease Available
      85-910 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
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    Waianae, HI 96792
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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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