Industrial Condo with Roll-Up
For Sale
$770,000
7-4525 Akia Rd, Kapaa, HI 96746
Renovated 1,925 SF industrial condominium unit with seven deeded parking stalls and electric grade-level roll-up access.
Property Size1,925 SF
Price / SF$400
Days on Market198
Property Features for 7-4525 Akia Rd
General Information
Standard status
Active
Size
1,925 SF
Total Parking Spaces
7
Occupancy
80%
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$5,373
Amenities
secure parking lot
fire alarm system
separate utility metering
ADA restroom plans
drive-in access
Building Details
Year Renovated
2019
Tenancy
Multi
Listing Agency:
Chaney, Brooks & Company, LLC
(808) 544-1600
Listed By:
Joseph T Haas · License #RB-15404
(808) 864-6464
Source:
Exprealty
Added: Mar 3
Changed: Sep 8
Last Checked: Sep 16 at 11:25PM
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 includes a renovated 1,925 SF commercial/industrial condominium unit within the 12-unit Oceanside Center. The project completed an extensive renovation and condo conversion in 2019. The unit includes seven deeded parking stalls and features oversized electric grade-level roll-up doors, along with a walk-in consumer door. The building’s walkway fronts the property and provides drive-in access.
The condominium configuration includes floor-to-ceiling sound insulated steel studded demising walls, and the unit is separately check-metered for electrical and water. The project also includes a fire suppression system with three fire detectors per unit connected to a central alarm monitoring company. The roof was painted with GE silicone roofing material and includes a 20-year labor and material warranty, and the exterior of the building has recently been painted.
The owner has prepared plans for ADA-compliant restrooms for each unit, and the elevated parking lot was recently paved and secured with fencing and gates. Units 1 through 10 are currently available for purchase individually or in combination.
The condominium configuration includes floor-to-ceiling sound insulated steel studded demising walls, and the unit is separately check-metered for electrical and water. The project also includes a fire suppression system with three fire detectors per unit connected to a central alarm monitoring company. The roof was painted with GE silicone roofing material and includes a 20-year labor and material warranty, and the exterior of the building has recently been painted.
The owner has prepared plans for ADA-compliant restrooms for each unit, and the elevated parking lot was recently paved and secured with fencing and gates. Units 1 through 10 are currently available for purchase individually or in combination.
Key Highlights
- 1,925 SF commercial/industrial condo unit in the 12‑unit Oceanside Center at 4525 Akia Road, Kapaa (7 deeded parking stalls)
- Extensive renovation and condo conversion completed in 2019; Units 1–10 available for purchase individually or in combination
- Each unit includes seven deeded parking stalls and drive‑in access via walkway fronting the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,919
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,380
$698.4K
Cap Rate 7%
$498,843
$498.8K
Cap Rate 9%
$387,989
$388.0K
Market Conditions
NOI Build-Up for 1,925 SF
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.
Gross rent
$41.6K $21.60/SF
− Vacancy
−$499 −$0.26/SF
EGI
$41.1K $21.34/SF
− OpEx
−$6.2K −$3.20/SF
NOI
$34.9K $18.14/SF
Area
Kauai County, HI
Vacancy
1.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,380
Cap Rate 7%
$498,843
Cap Rate 9%
$387,989
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 authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
80%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated 1,925 SF industrial condominium unit with seven deeded parking stalls and electric grade-level roll-up access.
Where is this flex space located?
The property is located at 7-4525 Akia Rd 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: 1,925 SF commercial/industrial condo unit in the 12‑unit Oceanside Center at 4525 Akia Road, Kapaa (7 deeded parking stalls); Extensive renovation and condo conversion completed in 2019; Units 1–10 available for purchase individually or in combination; Each unit includes seven deeded parking stalls and drive‑in access via walkway fronting the building
