Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    85-259 Plantation Rd Waianae, HI 96792-2668

    • Residential income homes
    • 3,096 SF
    • 2.87 lot acres
    OFF-MARKET
    Value Estimations
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US24-0264704
    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

    • Residential income homes

    Property Details for 85-259 Plantation Rd

    Year built
    1983
    Construction
    WOOD
    Lot size
    2.87 lot acres
    Property size
    3,096 SF
    Zone code
    AG-2
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    1-8-5-035-022
    APU
    185035022

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,030,000
      6.5%
      $950,000
      7%
      $880,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,265,000
      Current use
      COMMERCIAL (GENERAL)
      $1,340,000
      Change: +6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Waianae
    County
    Honolulu
    State
    Hawaii
    Longitude
    -158.185
    Latitude
    21.4486
    CBSA code
    46520
    CBSA name
    URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,169
    $3,583,600
    $1,053,600
    $4,637,200
    -
    $3,583,600
    $1,053,600
    $4,637,200

    Comparable in this City

    • Value Estimation by Request
      455 SF

      84-1021 Lahilahi St Ste, Unit 109

      APARTMENT HOUSE (UNDER 5 UNITS) • 455 SF
      84-1021 Lahilahi St Ste, Waianae, HI 96792-2000
      View Details
    • Value Estimation by Request
      589 SF

      84-740 Kili Dr, Unit 1

      APARTMENT HOUSE (UNDER 5 UNITS) • 589 SF
      84-740 Kili Dr, Waianae, HI 96792-1509
      View Details
    • Value Estimation by Request
      600 SF

      85-175 Farrington Hwy

      APARTMENT HOUSE (UNDER 5 UNITS) • 600 SF
      85-175 Farrington Hwy, Waianae, HI 96792-2107
      View Details
    • Value Estimation by Request
      672 SF

      84-740 Kili Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 672 SF
      84-740 Kili Dr, Waianae, HI 96792-1509
      View Details
    • Value Estimation
      $6,900,000
      42,168 SF

      85-34 Lihue St

      APARTMENT HOUSE (UNDER 5 UNITS) • 42,168 SF
      85-34 Lihue St, Waianae, HI 96792
      View Details
    • Value Estimation by Request
      744 SF

      84-740 Kili Dr, Unit 2

      APARTMENT HOUSE (UNDER 5 UNITS) • 744 SF
      84-740 Kili Dr, Waianae, HI 96792-1509
      View Details

    Similar Nearby for Sale

    • $3,700,000

      Waianae Multifamily Property Near Ocean

      Apartment property one block from the ocean with development potential.
      84-1111 Hana St, Waianae, HI 96792
      View Details
    • $3,700,000

      Waianae Apartment Property Opportunity

      Apartment property near ocean with development potential in Waianae.
      84-1111 Hana St, Waianae, HI 96792
      View Details
    • $2,500,000
      7,500 SF

      Waianae Multifamily Investment

      Five renovated homes, strong ROI.
      87-274 St Rd, Waianae, HI 96792
      View Details
    • $599,500
      1,800 SF

      Legal Duplex: Income Opportunity

      Waianae duplex with strong income potential and mountain views.
      84-924 Hana St, Waianae, HI 96792
      View Details
    • $1,340,000

      New Construction Duplex Investment Opportunity

      Two new single-family homes, ideal for rental income or multi-generational living.
      87-1474 Akowai Rd, Waianae, HI 96792
      View Details
    • $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 Lease

    • $24 SF/Yr
      17,671 SF

      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
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    85-259 Plantation Rd
    Waianae, HI 96792-2668
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.