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Property profile & analytics
FOR LEASE
Commercial real estate
87-2070 Farrington Hwy Waianae, HI 96792
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US24-0041997
For Lease
1 / 8
$7,175,000
87-2070 Farrington Hwy, Waianae, HI 96792
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Total area
57,400 SF
Lot
5.66 ac (246,363 SF)
Zoning code
B-2
APN
1-8-7-008-012
UPID
US24-0041997
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.18M
Owner & transaction history
PC Fund I Psm LLC · 1 yrs held
PC Fund I Psm LLC
since 2025
7 recorded transactions
Zoning & alternative use
B-2 · Waianae, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waianae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waianae submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$125 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$76,727
Tax year 2023
Assessed value
$6,293,300
Assessed 2024
Previous assessed
$6,187,700
+1.7% YoY
Effective rate
1.22%
On assessed value
Assessed land
$4,396,600
Assessed improvement
$1,896,700
Land market value
$4,396,600
Improvement market value
$1,896,700
Total market value
$6,293,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1975
Heating
NONE
Buildings
4
Stories
1
Units
4
Bathrooms
12
Total area
57,400 SF
Lot
5.66 ac (246,363 SF)
Zoning code
B-2
APN
1-8-7-008-012
UPID
US24-0041997
Jurisdiction
HONOLULU
Zoning & alternative use
B-2 · Waianae, HIZoning B-2 · permitted uses
B-2 · Waianae, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
1
Buildings
4
Units
4
Bathrooms
12
Lot
5.66 ac
Current owner
From public records · entity-resolved
PC Fund I Psm LLC
Entity
Mailing address
945 KAMEHAMEHA HWY STE #12, PEARL CITY, HI 96782-2521
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
$178,738
PC Fund I Psm LLC
Pacific Shopping Mall Limited Partn
Deed
$12,000,000 · Pacific Shopping Mall Limited Partn
Mar 18, 2015
—
Mcdonalds Corp
Pacific Shopping Mall LP
Grant Deed
related
—
Mar 6, 2014
—
Parents Together
Pacific Shopping Mall
Grant Deed
related
—
Jun 10, 2009
—
Mamo Keola
Pacific Shopping Mall Ltd Ptsh
Grant Deed
related
—
Sep 11, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Aug 18, 1998
$6,067,200
Pacific Shopping Mall LP
Pacific Shopping Mall LP
Grant Deed
related
—
—
—
Shopping Mall Pacific
—
Deed Of Trust
related
$2,000,000 · Central Pacific Bank
—
—
Shopping Mall Pacific
—
Deed Of Trust
related
$500,000 · Central Pacific Bank
—
—
Pacific Shopping Mall LP
—
Deed Of Trust
related
$1,000,000 · Bank Of Hi
—
—
Shopping Mall Pacific
—
Deed Of Trust
related
$1,648,800 · Central Pacific Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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