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    FOR LEASE
    Commercial real estate

    95-221 Kipapa Dr, Mililani, HI 96789

    54,692 SF 8.45 ac lot Built 1976
    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US24-0230150
    Property summary
    AI-generated overview

    This exceptional Mililani, HI property, located at 95-221 Kipapa Drive, 96789, offers a unique investment opportunity within the thriving Mililani Shopping Center. The center boasts a total of 129,731 square feet of retail and office space, currently featuring a diverse mix of established tenants including Ross Dress for Less, 24-Hour Fitness, Foodland, Starbucks, Jack in the Box, and The Shack Restaurant, ensuring high foot traffic and visibility. The property is classified as a multi-tenant building with executive office space available, offering flexibility for various business needs. Currently, there are 11,610 square feet of vacant space available, divisible into units as small as 570 square feet and with a maximum contiguous space of 3,756 square feet. This presents a fantastic chance to establish or expand your business within a well-established and growing community. The property's Asset Property Number (APN) is (1) 9-5-21: 6 & 12, and is situated in Honolulu County. The center is undergoing significant improvements planned for the coming years, promising continued growth and enhanced appeal. This is an unparalleled chance to be part of a revitalization project in a key Hawaiian neighborhood center. The property's location in Mililani, Hawaii, offers easy access to major transportation routes and a strong local customer base.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1976
    Total area 54,692 SF
    Lot 8.45 ac (368,126 SF)
    Zoning code B-2
    APN 1-9-5-021-012
    UPID US24-0230150
    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
    Current use
    Occupant on record · Public records
    • Mililani Shopping Center Shopping Center & Mall
    • Foodland Mililani Grocery & Convenience Store Food Market
    • HawaiiUSA Federal Credit Union Credit Union
    • Hook Orthodontics Dental Office
    • Manuel Buenconsejo: Allstate Insurance Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $14.52M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $12.55M
    Owner & transaction history
    Hawaiiusa FCU · 7 yrs held
    Hawaiiusa FCU
    since 2018
    7 recorded transactions
    2020
    2018
    2018
    2012
    2010
    $33.2M
    2007
    $95,338
    2002
    $30.2M
    Zoning & alternative use
    B-2 · Mililani, HI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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