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    Property profile & analytics
    FOR SALE
    Commercial real estate

    87-64 Farrington Hwy, Waianae, HI 96792

    8,504 SF 0.22 ac lot Built 1975
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US24-0380643
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-maintained, fee-simple shopping center in Waianae, Hawaii. Located at 87-64 Farrington Hwy, 96792, this 8,304 square foot property sits on a 21,421 square foot lot (APN: 8-7-11: 81, 82, 83, 85) and boasts a cohesive tenant mix, including popular dining establishments. Built in 1975 and effectively renovated in 1980, the property features a recently painted exterior and a large, recently repaved and restriped parking lot. The property is zoned B-1 (Neighborhood Business District) and R-5 (Residential District for the parking lot), offering flexibility and potential for future development. Its prime location on Farrington Highway, a major thoroughfare with nearly 30,000 vehicles passing daily, ensures exceptional visibility and accessibility. Upper levels offer stunning ocean views of Maili Beach, enhancing the appeal for tenants and customers. This community hub provides a stable income stream and significant upside potential, making it an attractive investment for those seeking a strong return. The asking price is $4,250,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1975
    Construction WOOD
    Total area 8,504 SF
    Lot 0.22 ac (9,412 SF)
    Zoning code B-1
    APN 1-8-7-011-083
    UPID US24-0380643
    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
    $1.15M
    Owner & transaction history
    Kaulana Investment Group LLC · 12 yrs held
    Kaulana Investment Group LLC
    since 2013
    7 recorded transactions
    2026
    2017
    2014
    2013
    $1.4M
    2002
    $500,000
    1999
    $350,000
    1969
    Zoning & alternative use
    B-1 · Waianae, HI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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