Oceanside Center Commercial Condo
4525 AKIA RD #3 Kapaa, HI 96746
4525 AKIA RD #3, Kapaa, HI, 96746
$770,000
For Sale
$770,000
Commercial/industrial condo unit in Kapaa, Kauai with parking.
Property Size1,925 SF
Price / SF$400
Days on Market138
Property Features for 4525 AKIA RD #3
General Information
- Standard status
- Active
- Size
- 1,925 SF
- Property subtype
- Commercial
Listing Agency
CHANEY, BROOKS & COMPANY, LLC
(808) 544-1600
Listed by
JOSEPH T HAAS
Source
Corcoran
Added: Mar 4 Checked: Jul 19 at 4:27 am
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.
Local Financial Insights For Warehouse
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 | $41.6k | $21.60 |
| − Vacancy | −$499 | −$0.26 |
| EGI | $41.1k | $21.34 |
| − OpEx | −$6.2k | −$3.20 |
| NOI | $34.9k | $18.14 |
1,925 SF · lease $21.60/SF/yr · vacancy 1.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$498.8K
$436.5K – $582.0K
NOI $34,919 @ 7.0% cap · market cap 4.53%
Second Best
Flex RnD
$471.9K
$412.9K – $550.6K
NOI $33,033 @ 7.0% cap · market cap 4.29%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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.
