Second-Floor Office
For Sale
$1,495,000
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$536.80
Days on Market260
Property Features for 202203-725 Kapiolani Blvd
General Information
Standard status
Active
Size
2,785 SF
Total Parking Spaces
5
Listing Agency:
Lee International Properties
(808) 393-3272
Listed By:
JiHyun Maeng
(808) 393-3272
Source:
Exprealty
Added: Nov 18, 2025
Changed: Jul 21
Last Checked: Jul 31 at 11:53AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.6k | $39.00 |
| − Vacancy | −$13.6k | −$4.88 |
| EGI | $95.0k | $34.13 |
| − OpEx | −$23.8k | −$8.53 |
| NOI | $71.3k | $25.59 |
2,785 SF · lease $39.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.02M
$891.0K – $1.19M
NOI $71,279 @ 7.0% cap · market cap 4.77%
Second Best
Healthcare Medical
$717.9K
$628.1K – $837.5K
NOI $50,250 @ 7.0% cap · market cap 3.36%
Theoretical Best
Specialty Retail
$1.13M
$987.3K – $1.32M
NOI $78,983 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 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 units located?
The property is located at 202203-725 Kapiolani Blvd Honolulu, HI.
What is the asking price?
The asking price for this property is $1,495,000.
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
