Oceanside Center Commercial Condo
For Sale
$770,000
4525 AKIA RD #3, Kapaa, HI 96746
Commercial/industrial condo unit in Kapaa, Kauai with parking.
Property Size1,925 SF
Price / SF$400
Days on Market216
Property Features for 4525 AKIA RD #3
General Information
Standard status
Active
Size
1,925 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,374
Listing Agency:
CHANEY, BROOKS & COMPANY, LLC
(808) 544-1600
Listed By:
JOSEPH T HAAS · License #RB-15404
(808) 864-6464
Source:
Corcoran
Added: Mar 4
Changed: Oct 4
Last Checked: Oct 5 at 6:09PM
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 CHANEY, BROOKS & COMPANY, LLC
Investment Insights
Based on property information with market context.
This offering is a 1,925 SF commercial/industrial condominium unit located within the Oceanside Center at 4525 Akia Road, Kapaa, Kauai. The unit includes 7 deeded parking stalls. The Oceanside Center project, consisting of 12 units, underwent an extensive renovation and condo conversion in 2019. Units 1 through 10 are currently available for purchase and may be acquired individually or in combination. The property is located in a prime location in Kapaa, with easy access to the main highway and readily accessible to Lihue and the North Shore of Kauai. The units are separately check-metered for electrical and water. The units are constructed with floor-to-ceiling sound-insulated steel-studded demising walls. Each unit is equipped with an electric 12’x14’ grade-level door (Unit 1 has a 10’x10’ grade-level door) and a walk-in consumer door. The walkway fronting the building allows drive-in access. Each unit is equipped with 3 state-of-the-art fire detectors connected to a central alarm monitoring company. The owner has prepared plans for ADA-compliant restrooms for each unit. The elevated parking lot was recently paved and is secured with a fence and gates. The exterior of the building was recently painted. The roof was painted with a GE silicone roofing material which comes with a 20-year labor and material warranty. It may be possible to add additional floor area by constructing mezzanines in the units. Oceanside Center is currently 80% leased.
Key Highlights
- Prime location in Kapaa with easy access to the main highway, Lihue, and the North Shore.
- Excellent investment opportunity with Oceanside Center currently 80% leased.
- Each unit includes 7 deeded parking stalls.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,033
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,660
$660.7K
Cap Rate 7%
$471,900
$471.9K
Cap Rate 9%
$367,033
$367.0K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$57.8K $30.00/SF
− Vacancy
−$6.9K −$3.60/SF
EGI
$50.8K $26.40/SF
− OpEx
−$17.8K −$9.24/SF
NOI
$33.0K $17.16/SF
Area
Kauai County, HI
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,660
Cap Rate 7%
$471,900
Cap Rate 9%
$367,033
Alternative Uses
Best Use
Flex RnD
$471.9K
$412.9K – $550.6K
NOI $33,033 @ 7.0% cap · market cap 4.29%
Second Best
Industrial
$410.8K
$359.5K – $479.3K
NOI $28,757 @ 7.0% cap · market cap 3.73%
Theoretical Best
Specialty Retail
$770.4K
$674.1K – $898.8K
NOI $53,927 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial/industrial condo unit in Kapaa, Kauai with parking.
Where is this flex space located?
The property is located at 4525 AKIA RD #3 Kapaa, HI.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Prime location in Kapaa with easy access to the main highway, Lihue, and the North Shore.; Excellent investment opportunity with Oceanside Center currently 80% leased.; Each unit includes 7 deeded parking stalls.
