Property profile

95-221 Kipapa Dr Mililani, HI 96789

FOR LEASE
Commercial real estate
Property ID
US24-0230150
54,692 SF 8.45 ac lot Built 1976
Individually Owned 7-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Grocery & Convenience Store Food Market
  • Credit Union
  • Dental Office
  • Insurance Agency

Location

95-221 Kipapa Dr Mililani, HI 96789
Mililani metro Census 8942 URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2018
7 recorded transactions
2020
Price N/A
2018
Price N/A
2018
Price N/A
2012
Price N/A
2010
$33.2M
2007
$95,338
2002
$30.2M

Zoning & alternative use

B-2 · Mililani, HI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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