Kapolei Retail Space with
For Sale
$725,000
1051 Kakala Street #204, Kapolei, HI 96707
Retail space in Kapolei's Mehana community with loft and parking.
Property Size900 SF
Price / SF$805.56
Days on Market359
Property Features for 1051 Kakala Street #204
General Information
Standard status
Active
Size
900 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,142
Amenities
Assigned
Concrete Flooring
Handicap Access
On Site
On Street
Building Details
Year Built
2016
Listing Agency:
CENTURY 21 ISLAND HOMES
(808) 888-7513
Listed By:
DEANNA L CORDIER · License #RS-77336
(808) 382-9400
Source:
Corcoran
Added: Oct 24, 2025
Changed: Oct 16
Last Checked: Oct 16 at 9:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 ISLAND HOMES
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Investment Insights
Based on property information with market context.
This retail space, zoned BMX-3, is located in the residential community of Mehana in Kapolei. The property features approximately 720 square feet of space, including a 180-square-foot second-floor loft. The space includes vaulted ceilings and textured wall treatments. It is equipped with two split-system air conditioning units, a large ceiling fan, and modern lighting fixtures. The property includes four assigned parking stalls. The building provides a private lavatory. Ownership includes access to community amenities such as parks, a pool, a recreation center, and keiki parks.
Key Highlights
- Prime retail space in the thriving Mehana community of Kapolei.
- BMX‑3 zoning suitable for a variety of business uses.
- Includes 4 assigned parking stalls.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,822
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,440
$476.4K
Cap Rate 7%
$340,314
$340.3K
Cap Rate 9%
$264,689
$264.7K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$35.7K $39.72/SF
− Vacancy
−$1.7K −$1.91/SF
EGI
$34.0K $37.81/SF
− OpEx
−$10.2K −$11.34/SF
NOI
$23.8K $26.47/SF
Area
Honolulu County, HI
Vacancy
4.80%
Lease Rate
$39.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,440
Cap Rate 7%
$340,314
Cap Rate 9%
$264,689
Alternative Uses
Best Use
Retail
$340.3K
$297.8K – $397.0K
NOI $23,822 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$364.6K
$319.1K – $425.4K
NOI $25,524 @ 7.0% cap · market cap 3.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Demographics for 96707, HI
47,181
Population
16,554
Households
2.9
Avg Household Size
36
Median Age
34%
College-Educated
94%
High-School Grad
43.4 sq mi
ZIP Area
1,087
Density / Sq Mi
$121,409
Median Household Income
$57,269
Median Earnings
$2,551
Median Rent
$772,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space in Kapolei's Mehana community with loft and parking.
Where is this retail space located?
The property is located at 1051 Kakala Street #204 Kapolei, HI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Prime retail space in the thriving Mehana community of Kapolei.; BMX‑3 zoning suitable for a variety of business uses.; Includes 4 assigned parking stalls.
