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Property profile & analytics
OFF-MARKET
Estimated value
$4,125,000
Commercial real estate
87-2116 Farrington Hwy Waianae, HI 96792-3854
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US24-0436861
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Construction
WOOD
Total area
15,210 SF
Lot
1.44 ac (62,878 SF)
Zoning code
B-2
APN
1-8-7-044-001
UPID
US24-0436861
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
$4.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.13M
Owner & transaction history
Institute For Native Pacific Educat · 1 yrs held
Institute For Native Pacific Educat
since 2025
Last sale
$5.3M
2 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,375,000
6.5%
$4,035,000
7%
$3,750,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,570,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,220,000
Change: -5% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,185,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$4.13M
Range $3.71M – $4.54M · ±10% · vs last sale $5.30M (Nov 28 2024)
Last sale anchor
$5.30M
Nov 28 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$271 / 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
$300
Tax year 2023
Assessed value
$5,109,400
Assessed 2024
Previous assessed
$5,013,800
+1.9% YoY
Effective rate
0.01%
On assessed value
Assessed land
$1,275,400
Assessed improvement
$3,834,000
Land market value
$1,275,400
Improvement market value
$3,834,000
Total market value
$5,109,400
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
Off-Market
Year built
1997
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Units
1
Total area
15,210 SF
Lot
1.44 ac (62,878 SF)
Zoning code
B-2
APN
1-8-7-044-001
UPID
US24-0436861
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
INDUSTRIAL (GENERAL)
Est. value
$6.2M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Institute For Native Pacific Educat
Individual
Free & Clear · 1 yrs held
Mailing address
ENTERPRISE BUSINESS SERVICES, HONOLULU, HI 96817
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2025
—
Institute For Native Pacific Educat
—
Deed
related
$9,700,000 · Punawai Opuuhonua Sub 12 LLC
Feb 28, 2025
$5,300,000
Institute For Native Pacific Educat
Kaiser Foundation Health Plan INC
Deed
—
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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