Second-Floor Office
For Sale
$1,295,000
202203-725 Kapiolani Blvd, Honolulu, HI 96826
Well-appointed second-floor office suite within The Galerie at Imperial Plaza, move-in ready and equipped with five reserved parking stalls.
Property Size2,785 SF
Price / SF$464.99
Days on Market341
Property Features for 202203-725 Kapiolani Blvd
General Information
Standard status
Active
Size
2,785 SF
Total Parking Spaces
5
Site & Location
Neighborhood
Kapahulu
Taxes and HOA fees
Annual Taxes
$18,833
Listing Agency:
Lee International Properties
(808) 951-5558
Listed By:
JiHyun Maeng
(808) 393-3272
Source:
Exprealty
Added: Nov 18, 2025
Changed: Oct 10
Last Checked: Oct 24 at 7:23PM
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 Lee International Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Offered for sale is a well-appointed second-floor office condominium located within The Galerie at Imperial Plaza, a mixed-use complex in Honolulu’s Kapiolani corridor. The condominium combines two units into a single suite totaling approximately 2,785 square feet, with an efficiently designed layout intended for professional use. The space is move-in ready, with thoughtful improvements and high-quality finishes throughout.
The unit is conveyed with five (5) reserved parking stalls located within the Imperial Plaza parking structure, providing dedicated parking in the urban core. Additional visitor parking is available within the complex, and occupants can access building amenities and on-site management.
This offering supports a flexible end-use for an owner-user seeking a turnkey office condominium or for investors looking to acquire a move-in ready suite in a prominent mixed-use setting.
The unit is conveyed with five (5) reserved parking stalls located within the Imperial Plaza parking structure, providing dedicated parking in the urban core. Additional visitor parking is available within the complex, and occupants can access building amenities and on-site management.
This offering supports a flexible end-use for an owner-user seeking a turnkey office condominium or for investors looking to acquire a move-in ready suite in a prominent mixed-use setting.
Key Highlights
- Second‑floor office condominium suite within The Galerie at Imperial Plaza in Honolulu’s Kapiolani corridor
- Two combined units totaling approximately 2,785 SF with a flexible layout for professional, medical, or wellness‑related uses
- Move‑in ready with improvements and high‑quality finishes throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,279
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,425,580
$1.4M
Cap Rate 7%
$1,018,271
$1.0M
Cap Rate 9%
$791,989
$792.0K
Market Conditions
NOI Build-Up for 2,785 SF
Gross rent
$108.6K $39.00/SF
− Vacancy
−$13.6K −$4.88/SF
EGI
$95.0K $34.13/SF
− OpEx
−$23.8K −$8.53/SF
NOI
$71.3K $25.59/SF
Area
Honolulu County, HI
Vacancy
12.50%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,425,580
Cap Rate 7%
$1,018,271
Cap Rate 9%
$791,989
Alternative Uses
Best Use
Office B
$1.02M
$891.0K – $1.19M
NOI $71,279 @ 7.0% cap · market cap 5.50%
Second Best
Healthcare Medical
$717.9K
$628.1K – $837.5K
NOI $50,250 @ 7.0% cap · market cap 3.88%
Theoretical Best
Specialty Retail
$1.13M
$987.3K – $1.32M
NOI $78,983 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Demographics for 96826, HI
30,092
Population
16,564
Households
1.8
Avg Household Size
44
Median Age
38%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
27,356
Density / Sq Mi
$67,743
Median Household Income
$44,393
Median Earnings
$1,604
Median Rent
$485,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Well-appointed second-floor office suite within The Galerie at Imperial Plaza, move-in ready and equipped with five reserved parking stalls.
Where is this office unit located?
The property is located at 202203-725 Kapiolani Blvd Honolulu, HI.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Second‑floor office condominium suite within The Galerie at Imperial Plaza in Honolulu’s Kapiolani corridor; Two combined units totaling approximately 2,785 SF with a flexible layout for professional, medical, or wellness‑related uses; Move‑in ready with improvements and high‑quality finishes throughout
