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    Property profile & analytics

    1242 Audubon Dr Aiken, SC 29803

    • Commercial real estate
    • 1,144 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0882028
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1242 Audubon Dr

    Property size
    1,144 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,144 square foot farm property presents a unique investment opportunity in the desirable Aiken County, South Carolina. Located at 1242 Audubon Drive, Aiken, SC 29803, this expansive land parcel offers significant potential for agricultural pursuits or future development. The asking price is $2,280,000. The property is classified as farmland and presents a blank canvas for a variety of uses, subject to local zoning regulations. Given its size and location, this property is well-suited for various agricultural endeavors, from traditional farming to more specialized operations. The property's relatively flat terrain simplifies development and access, making it an attractive option for those seeking a productive and easily managed agricultural holding. The location in Aiken County provides access to established infrastructure and a supportive community for agricultural businesses. Prospective buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, and potential development opportunities. Detailed surveys and environmental assessments are recommended prior to purchase. This is a rare opportunity to acquire a substantial land parcel in a highly sought-after area of South Carolina. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina

    Comparable in this City

    • $245,000

      Aiken County Farm - $245,000

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    • $60,000

      Aiken Ranch Land - $60,000

      South Carolina ranch land; excellent investment opportunity.
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    • $750,000

      Prime Aiken County Farmland

      750 Acres of South Carolina Agricultural Land
      00 Dragstrip Rd, Aiken, SC 29803
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    • $220,000
      Pending

      Aiken Land with Development Potential

      15.5 acre parcel ideal for residence, farm, or equestrian property.
      Fire Tower Rd, Aiken, SC 29803
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    • $225,000
      4.48 Acres

      Aiken Land in Anderson Farms

      4.48 acre lot with equestrian amenities and trails.
      Songbird Ct, Aiken, SC 29803
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    • $147,500
      5.00 Acres

      Aiken Land with Equestrian Amenities

      5-acre lot in equestrian community with lake access.
      Lake Forest Ln, Aiken, SC 29803
      View Details

    Similar Nearby for Sale

    • $60,000

      Aiken Ranch Land - $60,000

      South Carolina ranch land; excellent investment opportunity.
      0 Fire Tower Rd, Aiken, SC 29803
      View Details
    • $750,000

      Prime Aiken County Farmland

      750 Acres of South Carolina Agricultural Land
      00 Dragstrip Rd, Aiken, SC 29803
      View Details
    • $245,000

      Aiken County Farm - $245,000

      Prime Aiken County farmland. Excellent investment opportunity.
      0 Shell Stone Dr, Aiken, SC 29803
      View Details
    • $220,000
      Pending

      Aiken Land with Development Potential

      15.5 acre parcel ideal for residence, farm, or equestrian property.
      Fire Tower Rd, Aiken, SC 29803
      View Details
    • $209,900
      6.97 Acres

      Aiken Land in Equestrian Corridor

      Land in Aiken's Banks Mill Equestrian Corridor.
      Simonside Dr, Aiken, SC 29803
      View Details
    • $299,900
      10.55 Acres

      Equestrian Land Parcel in Aiken

      Exclusive equestrian community land near Aiken, SC, with shared facilities.
      Carillon Ct, Aiken, SC 29803
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    Similar Nearby for Lease

    • Contact for pricing
      1 SF

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      Aiken Commercial Land For Lease

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    • $4,810 /Mo
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      Renovated Office Suite in Aiken

      Newly renovated 2,540 SF office suite available for lease.
      5000 Woodside Executive Ct, Aiken, SC 29803
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    • Contact for pricing
      100,888 SF

      Retail Space on Whiskey Road

      Class-A retail space available in high-traffic Aiken corridor.
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    • $18 SF/Yr
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      Shoppes at Whiskey: Retail Space Available

      High-traffic retail space, Aiken County.
      161 Aiken Ln, Aiken, SC 29803
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    • $7 SF/Yr
      6,720 SF

      Retail Space Available For Rent

      Retail space available for lease in Aiken, South Carolina.
      601 North Main St, Aiken, SC 29803
      View Details
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    1242 Audubon Dr
    Aiken, SC 29803
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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