Commercial Land with Existing
For Sale
$75,000
5541 Columbia Highway N, Monetta, SC 29105
Commercial Sale, Monetta, SC
Property Size635 SF
Lot Size0.67 Acres
Price / SF$118.11
Days on Market8
Property Features for 5541 Columbia Highway N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RURAL COMMERCIA
Parking features
Parking Lot
Subdivision
Not In Subdivision
Lot features
Corner Lot
Directions
TAKE HIGHWAY #1 TOWARDS BATESBURG FROM AIKEN, THE PROPERTY IS LOCATED ON YOUR LEFT ON CORNER OF HWY 39 AND COLUMBIA HWY.
Standard status
Active
APN
1601507008
Size
635 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INTERSECTIONS HWYS 39 & U.S. #1
Tax Annual Amount
1114
Legal Description
INTERSECTIONS HWYS 39 & U.S. #1
Utilities
Utilities
Water Available
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1980
Number of units
1
Flooring type
Concrete, Vinyl, Laminate
Building materials
Block, Stone, Wood Siding, Wood Frame
Listing Agency:
Mckinney Properties, Llc Of Sc
(803) 262-5552
Listed By:
Amanda Poston McKinney · License #84554
(803) 349-5552
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 23 at 6:06PM
MLS# 100604621
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 0.67-acre commercial land parcel includes an existing 1,624-square-foot building constructed in 1980. The structure requires full interior and exterior renovation, providing a basis for redevelopment or conversion to a service-oriented commercial use. Construction includes block, stone, wood siding, and wood frame elements, with concrete, vinyl, and laminate flooring and window or wall/window unit cooling.
Located at 5541 Columbia Highway N in Monetta, the property has frontage along the highway and a parking lot. The site is zoned RURAL COMMERCIA and includes municipal water availability with an on-site septic system. Historical underground storage tanks were removed, and an official No Further Action letter from SCDHEC is in place.
Located at 5541 Columbia Highway N in Monetta, the property has frontage along the highway and a parking lot. The site is zoned RURAL COMMERCIA and includes municipal water availability with an on-site septic system. Historical underground storage tanks were removed, and an official No Further Action letter from SCDHEC is in place.
Key Highlights
- 0.67‑acre commercial land parcel in Aiken County
- Existing 1,624‑square‑foot commercial building constructed in 1980
- Building requires full interior and exterior renovation
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
$6,132
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
8.18%
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%
$122,640
$122.6K
Cap Rate 7%
$87,600
$87.6K
Cap Rate 9%
$68,133
$68.1K
Market Conditions
NOI Build-Up for 635 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
$9.1K $14.40/SF
− Vacancy
−$384 −$0.60/SF
EGI
$8.8K $13.80/SF
− OpEx
−$2.6K −$4.14/SF
NOI
$6.1K $9.66/SF
Area
Aiken County, SC
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$122,640
Cap Rate 7%
$87,600
Cap Rate 9%
$68,133
Alternative Uses
Best Use
Retail
$87.6K
$76.7K – $102.2K
NOI $6,132 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$122.4K
$107.1K – $142.8K
NOI $8,568 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,005 visits/mo
0.2 miles
Demographics for 29105, SC
1,433
Population
586
Households
2.4
Avg Household Size
44
Median Age
9%
College-Educated
86%
High-School Grad
30.6 sq mi
ZIP Area
47
Density / Sq Mi
$92,031
Median Household Income
$42,988
Median Earnings
$1,024
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Highway-oriented commercial site with an existing structure requiring comprehensive renovation and redevelopment planning.
Where is this commercial land located?
The property is located at 5541 Columbia Highway N Monetta, SC.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: 0.67‑acre commercial land parcel in Aiken County; Existing 1,624‑square‑foot commercial building constructed in 1980; Building requires full interior and exterior renovation
