Kapaa Commercial/Industrial Condo
For Sale
$779,660
4525 AKIA RD #10, Kapaa, HI 96746
1,949 SF condo with 7 parking stalls in Kapaa.
Property Size1,949 SF
Price / SF$400.03
Days on Market229
Property Features for 4525 AKIA RD #10
General Information
Standard status
Active
Size
1,949 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,440
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 16
Last Checked: Oct 16 at 8:59AM
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
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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.
This offering features a 1,949 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 underwent an extensive renovation and condo conversion in 2019. Each unit is equipped with an electric 12’x14’ 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 units are separately check-metered for electrical and water. The units are constructed with floor to ceiling sound insulated steel studded demising walls. The owner has prepared Plans for ADA compliant restrooms for each unit. The perimeter of the lot is secured with a fence and gates. The elevated parking lot was recently paved. 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. It is conveniently located in Kapaa with easy access to the main highway and readily accessible to Lihue and the North Shore of Kauai.
Key Highlights
- Prime location in Kapaa with easy access to the main highway and Lihue/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
$33,445
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,900
$668.9K
Cap Rate 7%
$477,786
$477.8K
Cap Rate 9%
$371,611
$371.6K
Market Conditions
NOI Build-Up for 1,949 SF
Gross rent
$58.5K $30.00/SF
− Vacancy
−$7.0K −$3.60/SF
EGI
$51.5K $26.40/SF
− OpEx
−$18.0K −$9.24/SF
NOI
$33.4K $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%
$668,900
Cap Rate 7%
$477,786
Cap Rate 9%
$371,611
Alternative Uses
Best Use
Flex RnD
$477.8K
$418.1K – $557.4K
NOI $33,445 @ 7.0% cap · market cap 4.29%
Second Best
Industrial
$415.9K
$363.9K – $485.3K
NOI $29,115 @ 7.0% cap · market cap 3.73%
Theoretical Best
Specialty Retail
$780.0K
$682.5K – $910.0K
NOI $54,599 @ 7.0% cap · market cap 7.00%
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 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - 1,949 SF condo with 7 parking stalls in Kapaa.
Where is this flex space located?
The property is located at 4525 AKIA RD #10 Kapaa, HI.
What is the asking price?
The asking price for this property is $779,660.
What are key features of this property?
This property features: Prime location in Kapaa with easy access to the main highway and Lihue/North Shore.; Excellent investment opportunity with Oceanside Center currently 80% leased.; Each unit includes 7 deeded parking stalls.
