Medical Office Suite Under
For Sale
$595,000
Pending
410 University Parkway, Aiken, SC 29801
Commercial Sale, Aiken, SC
Property Size2,642 SF
Lot Size0.06 Acres
Days on Market29
Property Features for 410 University Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Office
Parking
300
Subdivision
Not In Subdivision
Directions
From downtown Aiken take Richland Ave W to University Parkway. University Parkway to Aiken Medical Building on the Right. Suite is located on the lower level of the building.
Standard status
Pending
APN
0871502030
Size
2,642 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
APT PARCEL 1200 AIKEN MED CENTERAMCA SUITE 1200
Tax Annual Amount
6287
HOA Fee
$17,516 Annually
Legal Description
APT PARCEL 1200 AIKEN MED CENTERAMCA SUITE 1200
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air, Zoned
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Flooring type
Concrete, Vinyl
Building materials
Block, Brick Veneer, Steel Frame
Roof type
Membrane, Flat
Listing Agency:
Re/max Tattersall Group
(803) 226-0036
Listed By:
Tad Barber · License #2264
(803) 439-6559
Added: Aug 14
Changed: Sep 8
Last Checked: Sep 11 at 12:06PM
MLS# 100596317
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.
This 2,642-square-foot medical office suite is undergoing renovation within a 1985 building constructed with block, brick veneer, and steel framing. Interior finishes include vinyl and concrete flooring, while building systems include forced-air electric heating with zoned controls and central air conditioning. The property has a membrane flat roof and access to electricity, public water, and public sewer.
The suite is associated with a new five-year lease, with full lease payments scheduled to begin September 1, 2026. The tenant is expected to use the space for medical education after renovations are completed. The adjacent Suite 1300 is also leased to the same tenant on matching terms. An association covers most operating costs, while condo insurance and interior janitorial service remain outside that coverage.
The building’s permitted internal use framework includes professional services and select retail activities, including food service and medical-related retail such as pharmacy or eyewear uses. The property occupies a 0.06-acre parcel in Aiken, South Carolina.
The suite is associated with a new five-year lease, with full lease payments scheduled to begin September 1, 2026. The tenant is expected to use the space for medical education after renovations are completed. The adjacent Suite 1300 is also leased to the same tenant on matching terms. An association covers most operating costs, while condo insurance and interior janitorial service remain outside that coverage.
The building’s permitted internal use framework includes professional services and select retail activities, including food service and medical-related retail such as pharmacy or eyewear uses. The property occupies a 0.06-acre parcel in Aiken, South Carolina.
Key Highlights
- 2,642‑square‑foot medical office suite under renovation
- New 5‑year lease with full payments beginning September 1, 2026
- Tenant use planned for medical education after renovation completion
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
$27,256
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
4.58%
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%
$545,120
$545.1K
Cap Rate 7%
$389,371
$389.4K
Cap Rate 9%
$302,844
$302.8K
Market Conditions
NOI Build-Up for 2,642 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
$39.6K $15.00/SF
− Vacancy
−$3.3K −$1.25/SF
EGI
$36.3K $13.76/SF
− OpEx
−$9.1K −$3.44/SF
NOI
$27.3K $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%
$545,120
Cap Rate 7%
$389,371
Cap Rate 9%
$302,844
Alternative Uses
Best Use
Office B
$389.4K
$340.7K – $454.3K
NOI $27,256 @ 7.0% cap · market cap 4.58%
Second Best
Healthcare Medical
$87.4K
$76.5K – $101.9K
NOI $6,116 @ 7.0% cap · market cap 1.03%
Theoretical Best
Office A
$509.3K
$445.6K – $594.1K
NOI $35,648 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
495
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office-zoned medical space with public water, sewer, central air, and flexible professional-use provisions.
Where is this medical office space located?
The property is located at 410 University Parkway Aiken, SC.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,642‑square‑foot medical office suite under renovation; New 5‑year lease with full payments beginning September 1, 2026; Tenant use planned for medical education after renovation completion
