Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    85-866 Farrington Hwy Waianae, HI 96792

    Property Lookup

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

    85-866 Farrington Hwy Waianae, HI 96792

    View on Map
    • Commercial real estate
    • 2,215 SF
    • 0.27 lot acres
    For Sale
    $2,700,000
    View Listing →
    Orita Building on Farrington Highway For Sale
    $2,700,000
    10,165 SF

    Orita Building on Farrington Highway

    Two commercial buildings with frontage on Farrington Highway.

    85-866 Farrington Hwy, Waianae, HI 96792
    View Listing
    Property ID
    US24-0348047
    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

    • Commercial real estate

    Property Details for 85-866 Farrington Hwy

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.27 lot acres
    Property size
    2,215 SF
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    1-8-5-010-007
    APU
    185010007

    Description

    This exceptional Waianae, Oahu retail property, the Orita Building, presents a compelling investment opportunity. Priced at $2,700,000, this fee-simple offering encompasses two commercial buildings totaling 10,165 net rentable square feet on a 24,508 square foot lot. Built in 1953 and 1962, the buildings feature a two-story design and boast a prime location along Farrington Highway, providing approximately 151 linear feet of high-visibility frontage. The property is zoned B-2, Community Business, allowing for diverse uses. Currently, one building is occupied, while the other offers significant redevelopment or lease-up potential. The property includes abundant parking, with a large parking area facing Farrington Highway and a secondary lot at the rear. Two convenient curb cuts optimize traffic flow. This property offers significant upside for owner-users seeking high visibility and convenient access, or investors aiming to maximize cash flow through leasing. The large land parcel also presents potential for future development. The address is 85-866 Farrington Hwy, Waianae, HI 96792, with APN 1-8-5-10-6 & 7.

    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
    -158.188
    Latitude
    21.4454
    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
    $1,000
    $438,000
    $525,800
    $963,800
    -
    $438,000
    $525,800
    $963,800

    Comparable in this City

    • Value Estimation by Request
      0.90 Acres

      86-226 Farrington Hwy

      COMMERCIAL (GENERAL) • 0.90 Acres
      86-226 Farrington Hwy, Waianae, HI 96792-3128
      View Details
    • Value Estimation
      $1,530,000
      7,504 SF

      85-131 Ala Hema St

      COMMERCIAL (GENERAL) • 7,504 SF
      85-131 Ala Hema St, Waianae, HI 96792-2410
      View Details
    • Value Estimation
      $1,940,000
      10,700 SF

      85-670 Farrington Hwy

      COMMERCIAL (GENERAL) • 10,700 SF
      85-670 Farrington Hwy, Waianae, HI 96792-2407
      View Details
    • Value Estimation
      $3,040,000
      21,757 SF

      86-32 Farrington Hwy

      COMMERCIAL (GENERAL) • 21,757 SF
      86-32 Farrington Hwy, Waianae, HI 96792-3039
      View Details
    • Value Estimation
      $2,340,000
      12,788 SF

      Farrington Hwy

      COMMERCIAL (GENERAL) • 12,788 SF
      Farrington Hwy, Waianae, HI 96792
      View Details
    • Value Estimation
      $2,675,000
      18,416 SF

      86-80 Farrington Hwy

      COMMERCIAL (GENERAL) • 18,416 SF
      86-80 Farrington Hwy, Waianae, HI 96792-3042
      View Details

    Similar Nearby for Sale

    • $2,250,000
      7,017 SF

      Waianae Multi-Unit Investment Opportunity

      High-traffic location, 7 units, prime road frontage.
      85-791 Farrington Hwy, Waianae, HI 96792
      View Details
    • $3,700,000
      10,200 SF

      Apartment Property Near Ocean Frontage

      Apartment property near the ocean with development potential.
      84-1111 Hana St, Waianae, HI 96792
      View Details
    • $585,000

      Large Graded Land Parcel

      Over 70,000 sqft graded land parcel with mountain and ocean views.
      86-174 Mailiilii Rd, Waianae, HI 96792
      View Details
    • $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
    • $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
    • $219,000
      952 SF

      Waianae Duplex with Fenced Backyard

      Affordable duplex in Waianae, ideal for first-time buyers.
      85-209 Ala Akau St, 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
    View Listing
    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.
    85-866 Farrington Hwy
    Waianae, HI 96792
    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.
    Sign Up Successful!
    You now have access to more from Realmo!