Medical Office with Dental
For Sale
$1,200,000
1466 Columbia Highway, Aiken, SC 29801
Commercial Sale, Aiken, SC
Property Size4,044 SF
Lot Size0.82 Acres
Price / SF$296.74
Days on Market118
Property Features for 1466 Columbia Highway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
RUD
Parking
20
Parking features
Parking Lot
Subdivision
Not In Subdivision
Lot features
Rectangular Lot
Directions
From downtown Aiken, take Hwy 1/Columbia Hwy for approx. 1.7 miles north. The building will be on your right.
Standard status
Active
APN
1200802017
Size
4,044 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E/SD OF COLUMBIA HWY N
Tax Annual Amount
12160
Legal Description
E/SD OF COLUMBIA HWY N
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Water source
Public
Amenities
covered portico entrance
reception area
children's play area
kitchen
lab
sanitation area
security system
Building Details
Year built
2009
Roof type
Composition
Listing Agency:
Meybohm Commercial Properties
(706) 736-0700
Listed By:
Karen A Daly · License #SC97250
(803) 215-1082
Added: May 4
Changed: Aug 27
Last Checked: Aug 29 at 2:06PM
MLS# 98257158
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2009, this 4,044-square-foot brick medical office occupies a 0.82-acre site in Aiken. The interior includes a reception area with a reception window and children’s play area, 9 fully plumbed exam rooms, large practitioner offices, and a private executive suite with a separate entrance and en-suite full bathroom. Additional improvements include a kitchen, 4 bathrooms, a lab, sanitation area, storage, and a security system. Furniture, fixtures, and equipment are included.
The property is approximately 5 minutes from downtown Aiken and 5 minutes from Interstate 20 Exit 22. Site features include approximately 20 parking spaces, public water, septic service, electric heat, and a composition roof. The property is zoned RUD and addressed at 1466 Columbia Highway.
The property is approximately 5 minutes from downtown Aiken and 5 minutes from Interstate 20 Exit 22. Site features include approximately 20 parking spaces, public water, septic service, electric heat, and a composition roof. The property is zoned RUD and addressed at 1466 Columbia Highway.
Key Highlights
- 4,044 SF medical office on a 0.82‑acre lot
- 9 fully plumbed exam rooms
- Approximately 20 parking spaces
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
$41,719
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
3.48%
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%
$834,380
$834.4K
Cap Rate 7%
$595,986
$596.0K
Cap Rate 9%
$463,544
$463.5K
Market Conditions
NOI Build-Up for 4,044 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
$60.7K $15.00/SF
− Vacancy
−$5.0K −$1.25/SF
EGI
$55.6K $13.76/SF
− OpEx
−$13.9K −$3.44/SF
NOI
$41.7K $10.32/SF
Area
Aiken County, SC
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$834,380
Cap Rate 7%
$595,986
Cap Rate 9%
$463,544
Alternative Uses
Best Use
Office B
$596.0K
$521.5K – $695.3K
NOI $41,719 @ 7.0% cap · market cap 3.48%
Second Best
Healthcare Medical
$133.7K
$117.0K – $156.0K
NOI $9,362 @ 7.0% cap · market cap 0.78%
Theoretical Best
Office A
$779.5K
$682.1K – $909.4K
NOI $54,565 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29801, SC
27,613
Population
13,543
Households
2
Avg Household Size
41
Median Age
28%
College-Educated
84%
High-School Grad
88.9 sq mi
ZIP Area
311
Density / Sq Mi
$55,032
Median Household Income
$36,804
Median Earnings
$1,070
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick facility includes plumbed exam rooms, executive offices, reception, lab, kitchen, and multiple restrooms.
Where is this medical office space located?
The property is located at 1466 Columbia Highway Aiken, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,044 SF medical office on a 0.82‑acre lot; 9 fully plumbed exam rooms; Approximately 20 parking spaces
