87-64 Farrington Hwy, Waianae, HI 96792
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Waianae, HIWaianae. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.