Industrial Condominium Flex
For Sale
$770,000
9-4525 Akia Rd, Kapaa, HI 96746
Renovated flex/industrial condo unit with electric grade-level roll-up doors, walk-in access, and 7 deeded parking stalls.
Property Size1,925 SF
Price / SF$400
Days on Market236
Property Features for 9-4525 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
Building Details
Year Renovated
2019
Listing Agency:
Chaney, Brooks & Company, LLC
(808) 544-1600
Listed By:
Joseph T Haas · License #RB-15404
(808) 544-1886
Source:
Exprealty
Added: Mar 3
Changed: Oct 21
Last Checked: Oct 24 at 6:12PM
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 is a 1,925 SF commercial/industrial condominium unit within the 12-unit Oceanside Center at 4525 Akia Road in Kapaa. The property underwent an extensive renovation and condo conversion in 2019. The unit includes floor-to-ceiling sound insulated demising walls, and each unit is separately check-metered for electrical and water.
Operational features include oversized electric grade-level roll-up doors and a walk-in consumer door, with drive-in access provided by the walkway fronting the building. Each unit is assigned 7 deeded parking stalls, and the elevated parking lot has been recently paved and is secured with fencing and gates. The roof was painted with GE silicone roofing material and includes a 20-year labor and material warranty. Fire suppression is supported by three fire detectors connected to a central alarm monitoring company. The owner has also prepared plans for ADA-compliant restrooms for each unit.
Units 1 through 10 are available for purchase, either individually or in combination, providing flexibility for owner-users and investors seeking a larger footprint. Oceanside Center is currently 80% leased, and the secured site offers convenient access to the main highway with routes to Lihue and the North Shore of Kauai.
Operational features include oversized electric grade-level roll-up doors and a walk-in consumer door, with drive-in access provided by the walkway fronting the building. Each unit is assigned 7 deeded parking stalls, and the elevated parking lot has been recently paved and is secured with fencing and gates. The roof was painted with GE silicone roofing material and includes a 20-year labor and material warranty. Fire suppression is supported by three fire detectors connected to a central alarm monitoring company. The owner has also prepared plans for ADA-compliant restrooms for each unit.
Units 1 through 10 are available for purchase, either individually or in combination, providing flexibility for owner-users and investors seeking a larger footprint. Oceanside Center is currently 80% leased, and the secured site offers convenient access to the main highway with routes to Lihue and the North Shore of Kauai.
Key Highlights
- 1,925 SF commercial/industrial condominium unit in the 12‑unit Oceanside Center at 4525 Akia Road, Kapaa, Kauai
- Extensive renovation and condo conversion completed in 2019
- Each unit includes 7 deeded parking stalls and the walkway fronting the building allows drive‑in access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,919
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
80%
Occupancy
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
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex/industrial condo unit with electric grade-level roll-up doors, walk-in access, and 7 deeded parking stalls.
Where is this flex space located?
The property is located at 9-4525 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 condominium unit in the 12‑unit Oceanside Center at 4525 Akia Road, Kapaa, Kauai; Extensive renovation and condo conversion completed in 2019; Each unit includes 7 deeded parking stalls and the walkway fronting the building allows drive‑in access
