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    84-1103 Farrington Hwy Waianae, HI 96792
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    Property profile & analytics

    84-1103 Farrington Hwy Waianae, HI 96792

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    • Residential land & home lots
    Off-Market
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 84-1103 Farrington Hwy

    Property type
    Residential land & home lots
    Property subtype
    Waterfront Land

    Description

    Motivated Seller! Bring All your Offers! Over 200 feet of white, sandy beach frontage on the West side of Oahu , offering an unique opportunity to purchase three contiguous residential zoned beachfront lots. Bring your hammer and your creative will to live by the sea, on the beach, in Hawaii. Sale consists of 3 individual parcels totaling 17,360 square feet of land. TMK parcel #'s are identified as follows per city tax records of (2024): (subject) 1-8-4-003-022-0000 with 5113 sqft., 1-8-4-003-023-0000 with 5294 sqft., and 1-8-4-003-021-0000 6953 sqft. Tax assessed value noted on MLS is for subject parcel only. Property is listed below Tax Assessed Value.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Waianae
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.2114573
    Latitude
    21.4629643

    Comparable in this City

    • $290,000

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    • $1,575,000

      Waianae Land Near Makaha Beach

      Expansive lot near Makaha Beach with development potential.
      84-492 Farrington Hwy, Waianae, HI 96792
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    • $285,000
      0.11 Acres

      Waianae Land Opportunity

      5,000 sq. ft. level lot in Waianae, Hawaii.
      87-155 Kakalena St, Waianae, HI 96792
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    • $330,000

      Waianae Vacant Lot Opportunity

      Vacant lot near Pokai Bay Beach Park, ready to build.
      85-978 Farrington Hwy, Waianae, HI 96792
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    • $450,000

      Waianae Land with Partial Foundation

      Vacant land in Pokay Bay Estates, Waianae, Hawaii.
      86-896 Iniki Pl Iniki Pl, Waianae, HI 96792
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    • $1,699,000

      Waianae Land with Development Potential

      4.5 acres in Waianae, ideal for multi-dwelling estate or equestrian.
      87-879 Apuupuu Rd, Waianae, HI 96792
      View Details

    Similar Nearby for Sale

    • $285,000
      0.11 Acres

      Waianae Land Opportunity

      5,000 sq. ft. level lot in Waianae, Hawaii.
      87-155 Kakalena St, Waianae, HI 96792
      View Details
    • $330,000

      Waianae Vacant Lot Opportunity

      Vacant lot near Pokai Bay Beach Park, ready to build.
      85-978 Farrington Hwy, Waianae, HI 96792
      View Details
    • $450,000

      Waianae Land with Partial Foundation

      Vacant land in Pokay Bay Estates, Waianae, Hawaii.
      86-896 Iniki Pl Iniki Pl, Waianae, HI 96792
      View Details
    • $1,699,000

      Waianae Land with Development Potential

      4.5 acres in Waianae, ideal for multi-dwelling estate or equestrian.
      87-879 Apuupuu Rd, Waianae, HI 96792
      View Details
    • $290,000

      Residential Land in Waianae, HI

      Residential-zoned land, build your home in Waianae, HI.
      Waianae Valley Rd, Waianae, HI 96792
      View Details
    • $1,575,000

      Waianae Land Near Makaha Beach

      Expansive lot near Makaha Beach with development potential.
      84-492 Farrington Hwy, Waianae, HI 96792
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Waianae Office/Medical Space For Lease

      Ground-level office/medical space available on Farrington Hwy in Waianae.
      85-910 Farrington Hwy, Waianae, HI 96792
      View Details
    • Contact for pricing

      Retail Space in Nanakuli Center

      New retail space in a vibrant West Oahu shopping center.
      89-102 Farrington Hwy, Waianae, HI 96792
      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
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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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