Small Office Condo For
For Sale
$225,000
725 Kapiolani Boulevard #C312, Honolulu, HI 96813
Office condo unit for sale with tenant in place.
Property Size256 SF
Price / SF$878.91
Days on Market300
Property Features for 725 Kapiolani Boulevard #C312
General Information
Standard status
Active
Size
256 SF
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
LAU & ASSOCIATES, LLC
(808) 223-0074
Listed By:
STEVEN H LAU · License #RB-20307
Source:
Corcoran
Added: Oct 10, 2025
Changed: Jul 6
Last Checked: Aug 5 at 5:28AM
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 LAU & ASSOCIATES, LLC
Investment Insights
Based on property information with market context.
This commercial real estate offers a small office condo unit for sale, suitable for CPAs, attorneys, Realtors, and other small office users. The unit provides approximately 256 square feet of space, measuring 16 ft x 16 ft. It includes one assigned parking stall (Stall #2105S), with additional customer parking available in common with other commercial units during parking garage hours. Customers receive two hours of free parking with validation. A newer AC unit is installed. The unit is currently tenant-occupied, with the lease expiring on February 28, 2026. The tenant's current gross rent is $1,255.50 per month. The parking stall is rented separately for $157.00 per month. The tenant is charged for electricity reimbursement. The monthly maintenance fee is $474.26.
Key Highlights
- Tenant in place until 2/28/26, generating $1,255.50/month gross income plus electricity reimbursement.
- Additional $157.00/month income from separate parking stall rental.
- Ideal for CPAs, attorneys, Realtors, and small office users.
Financial Insights For Office B
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 | $10.0k | $39.00 |
| − Vacancy | −$1.2k | −$4.88 |
| EGI | $8.7k | $34.13 |
| − OpEx | −$2.2k | −$8.53 |
| NOI | $6.6k | $25.59 |
256 SF · lease $39.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$93.6K
$81.9K – $109.2K
NOI $6,552 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$103.7K
$90.8K – $121.0K
NOI $7,260 @ 7.0% cap · market cap 3.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96813, HI
27,372
Population
13,511
Households
2
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
7,603
Density / Sq Mi
$87,799
Median Household Income
$57,619
Median Earnings
$1,821
Median Rent
$804,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condo unit for sale with tenant in place.
Where is this office units located?
The property is located at 725 Kapiolani Boulevard #C312 Honolulu, HI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Tenant in place until 2/28/26, generating $1,255.50/month gross income plus electricity reimbursement.; Additional $157.00/month income from separate parking stall rental.; Ideal for CPAs, attorneys, Realtors, and small office users.
