Oceanfront Flex
For Sale
Contact for pricing
4-1624 Kuhio Highway, Kapaa, HI 96746
Freestanding commercial building with two levels, high ceilings, loading infrastructure, and parking in a highway-oriented business corridor.
Property Size21,746 SF
Price / SF$308.10
Days on Market185
Property Features for 4-1624 Kuhio Highway
General Information
Standard status
Active
Size
21,746 SF
Class
A
Total Parking Spaces
33
Property subtype
Retail
Zoning
C-G
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
commercial lift infrastructure
loading dock
Building Details
Year Built
1994
Year Renovated
2025
Buildings
1
Stories
2
Listing Agency:
CBRE - Honolulu
Listed By:
AJ Cordero · License #HI RB-24096
(808) 541-5111
Source:
Crexi
Added: Apr 15
Changed: Oct 4
Last Checked: Oct 16 at 9:33AM
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 CBRE - Honolulu
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fee-simple flex property comprises a 21,746-square-foot freestanding commercial building constructed in 1994. The two-level layout features open floor areas, high ceilings, commercial lift infrastructure, and a loading dock. Improved building infrastructure and on-site parking support both single-occupant and multi-tenant configurations. The property is zoned C-G.
Located along Kuhio Highway in Kapa‘a, the building occupies an oceanfront position adjacent to Kapa‘a Bypass Road. Its East Kaua‘i setting provides access to nearby residential areas and major employment centers, while the highway frontage places the property within an established commercial corridor.
Located along Kuhio Highway in Kapa‘a, the building occupies an oceanfront position adjacent to Kapa‘a Bypass Road. Its East Kaua‘i setting provides access to nearby residential areas and major employment centers, while the highway frontage places the property within an established commercial corridor.
Key Highlights
- 21,746 SF freestanding commercial building
- Oceanfront position along Kuhio Highway in Kapa‘a
- Two‑level building with open layouts and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$575,604
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,512,080
$11.5M
Cap Rate 7%
$8,222,914
$8.2M
Cap Rate 9%
$6,395,600
$6.4M
Market Conditions
NOI Build-Up for 21,746 SF
Gross rent
$863.8K $39.72/SF
− Vacancy
−$41.5K −$1.91/SF
EGI
$822.3K $37.81/SF
− OpEx
−$246.7K −$11.34/SF
NOI
$575.6K $26.47/SF
Area
Kauai 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%
$11,512,080
Cap Rate 7%
$8,222,914
Cap Rate 9%
$6,395,600
Alternative Uses
Best Use
Retail
$8.22M
$7.20M – $9.59M
NOI $575,604 @ 7.0% cap · market cap 8.59%
Second Best
Flex RnD
$5.33M
$4.66M – $6.22M
NOI $373,161 @ 7.0% cap · market cap 5.57%
Theoretical Best
Specialty Retail
$8.70M
$7.61M – $10.15M
NOI $609,189 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Demographics for 96746, HI
19,991
Population
8,178
Households
2.4
Avg Household Size
43
Median Age
32%
College-Educated
95%
High-School Grad
29.8 sq mi
ZIP Area
671
Density / Sq Mi
$89,681
Median Household Income
$41,624
Median Earnings
$2,053
Median Rent
$830,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding commercial building with two levels, high ceilings, loading infrastructure, and parking in a highway-oriented business corridor.
Where is this flex space located?
The property is located at 4-1624 Kuhio Highway Kapaa, HI.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: 21,746 SF freestanding commercial building; Oceanfront position along Kuhio Highway in Kapa‘a; Two‑level building with open layouts and high ceilings
