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    Property profile & analytics

    86-347 Halona Rd Waianae, HI 96792

    • Mixed-use properties
    • 1,296 SF
    • 4.56 lot acres
    For Sale
    View listing
    $2,995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US24-0179038
    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

    • Mixed-use properties

    Property Details for 86-347 Halona Rd

    Year built
    1942
    Lot size
    4.56 lot acres
    Property size
    1,296 SF
    Property type
    Mixed-use properties

    Description

    This exceptional 4.56-acre mixed-use property in Waianae, Hawaii, presents a rare investment opportunity. Located at 86-347 Halona Road, the 1,296 square foot property boasts a rich history as a thriving orchid business, complete with a single-family home. Previously operating with an international shipping license (now expired), the property's diverse past includes wholesale and retail operations encompassing garden supplies, construction materials, plumbing and heating equipment, and agricultural raw materials. The existing infrastructure is substantial, featuring multiple buildings, fully installed plumbing and water lines, and complete electrical systems. Structures specifically designed for orchid cultivation remain on the site, showcasing the property's agricultural suitability. The property's versatility extends to potential agricultural or farming uses, aligning perfectly with its existing infrastructure and ample land. While the owner indicates potential for subdivision or condominium property regime creation, prospective buyers are strongly encouraged to conduct their own due diligence to verify these possibilities. This unique property offers a compelling blend of commercial and residential potential, making it an exceptional investment opportunity in a desirable location. The asking price is $2,995,000.

    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
    Oahu
    State
    Hawaii
    Longitude
    -158.168
    Latitude
    21.44023

    Comparable in this City

    • $1,700,000
      3,600 SF

      Waianae Industrial Flex Space

      Owner-user opportunity: 3,600 sq ft flex warehouse.
      87-166 Farrington Hwy, Waianae, HI 96792
      View Details
    • $2,250,000
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      Waianae Multi-Unit Investment Opportunity

      High-traffic location, 7 units, prime road frontage.
      85-791 Farrington Hwy, Waianae, HI 96792
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    • $2,500,000
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      Waianae Multifamily Investment

      Five renovated homes, strong ROI.
      87-274 St Rd, Waianae, HI 96792
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    • $599,500
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      Legal Duplex: Income Opportunity

      Waianae duplex with strong income potential and mountain views.
      84-924 Hana St, Waianae, HI 96792
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    • $980,000

      Corner Lot Near Maili Beach

      10,000 sq ft corner lot across from Maili Beach.
      87-282 Farrington Hwy, Waianae, HI 96792
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    • $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

    Similar Nearby for Sale

    • $1,700,000
      3,600 SF

      Waianae Industrial Flex Space

      Owner-user opportunity: 3,600 sq ft flex warehouse.
      87-166 Farrington Hwy, Waianae, HI 96792
      View Details
    • $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
    • $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
    • $980,000

      Corner Lot Near Maili Beach

      10,000 sq ft corner lot across from Maili Beach.
      87-282 Farrington Hwy, 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

    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
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    86-347 Halona Rd
    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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