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    FOR SALE
    Warehouses

    87-166 Farrington Hwy, Waianae, HI 96792

    3,600 SF 0.23 ac lot Built 1989
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US24-0393183
    Property summary
    AI-generated overview

    This exceptional owner-user opportunity presents a well-maintained 3,600 square foot flex/warehouse building situated on a 10,000 square foot lot in Waianae, Hawaii (96792). Located on Farrington Highway, this prime location boasts high visibility and traffic. The property features a desirable elevated site, mitigating flood risk, and includes a No Further Action letter from the Department of Health confirming the removal of underground storage tanks. The building itself offers a versatile layout, including a spacious warehouse area with high ceilings (ranging from 19.3 to 21.8 feet), two 13.6 ft x 11.6 ft roll-up doors, and a separate office space (28.5 ft x 38.7 ft x 7.9 ft). Additional features include ample on-site parking (with potential for double or triple parking), two upstairs restrooms and one downstairs, and an upstairs caretaker's unit complete with a kitchen, living room, bedroom, and two bathrooms. The building's dimensions are 28.7 feet wide by 39 feet wide, with an open middle bay. The property is zoned B-1 and offers significant potential for a variety of uses. Asking price is $1,700,000 ($472.22/sq ft). APN: (1) 8-7-11-1. Built in 1989.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1989
    Construction STEEL FRAME
    Total area 3,600 SF
    Lot 0.23 ac (10,000 SF)
    Zoning code B-1 NEIGHBORHOOD BUSINESS
    APN 1-8-7-011-001
    UPID US24-0393183
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Hedco Local Dev Corp · 13 yrs held
    Hedco Local Dev Corp
    since 2012
    5 recorded transactions
    2012
    2012
    2012
    $500,000
    1969
    1969
    Zoning & alternative use
    B-1 NEIGHBORHOOD BUSINESS · Waianae, HI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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