Three-Building Flex
For Sale
$495,000
664 York Street NE, Aiken, SC 29801
Commercial Sale, Aiken, SC
Property Size7,824 SF
Lot Size1.48 Acres
Price / SF$63.27
Days on Market188
Property Features for 664 York Street NE
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
GB (General Business)
Lot features
Corner Lot, Level, Corner Lot, Level
Directions
From Richland Avenue, go north on York Street for 0.8 mile. Property will be on the right. Columbia Avenue NE will be directly across the street.
Subdivision
NE
Standard status
Active
APN
1201408002
Size
7,824 SF
Lot size
1.48 Acres
Taxes and HOA fees
Tax Description
Lot South Of York St.
Legal Description
Lot South Of York St.
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Flooring type
Carpet, Concrete
Building materials
Block, Drywall, Frame, Wood Siding
Roof type
Metal
Additional Structures
Outbuilding
Listing Agency:
Newman Real Estate
(803) 474-2584
Listed By:
Robert Dean Newman · License #281453
(706) 339-4379
Added: Mar 17
Changed: Sep 8
Last Checked: Sep 20 at 9:06PM
MLS# 222325
Copyright © 2026 Aiken Association of REALTORS®. 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 flex property comprises three separate improvements on a nearly level 1.48-acre site. The front office contains approximately 1,260 square feet, while the repair shop provides approximately 3,064 square feet and the warehouse adds approximately 3,500 square feet. Concrete and carpet flooring, forced-air heating, central air, and a metal roof are among the existing building features. A fenced gravel area provides outdoor space, and the property has public water and public sewer service.
The site is located at 664 York Street NE within Aiken city limits, just north of Downtown Aiken. It fronts a thoroughfare carrying a reported 10,500 vehicles per day and is 0.8 mile from Richland Avenue (Hwy 78). Interstate-20 is approximately 5 miles away via exit #18. GB—General Business zoning applies under the City of Aiken.
The combined improvements total approximately 7,824 square feet. The office, repair, warehouse, and outdoor gravel areas create a varied commercial configuration with both enclosed and exterior operating space.
The site is located at 664 York Street NE within Aiken city limits, just north of Downtown Aiken. It fronts a thoroughfare carrying a reported 10,500 vehicles per day and is 0.8 mile from Richland Avenue (Hwy 78). Interstate-20 is approximately 5 miles away via exit #18. GB—General Business zoning applies under the City of Aiken.
The combined improvements total approximately 7,824 square feet. The office, repair, warehouse, and outdoor gravel areas create a varied commercial configuration with both enclosed and exterior operating space.
Key Highlights
- Three improvements totaling approximately 7,824 square feet
- 1.48‑acre nearly level site with a fenced gravel area
- Office building measures approximately 1,260 SF
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
$35,641
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
7.20%
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%
$712,820
$712.8K
Cap Rate 7%
$509,157
$509.2K
Cap Rate 9%
$396,011
$396.0K
Market Conditions
NOI Build-Up for 7,824 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
$54.5K $6.96/SF
− Vacancy
−$3.5K −$0.45/SF
EGI
$50.9K $6.51/SF
− OpEx
−$15.3K −$1.95/SF
NOI
$35.6K $4.56/SF
Area
Aiken County, SC
Vacancy
6.50%
Lease Rate
$6.96 /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%
$712,820
Cap Rate 7%
$509,157
Cap Rate 9%
$396,011
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,714 @ 7.0% cap · market cap 16.31%
Second Best
Retail
$1.08M
$944.4K – $1.26M
NOI $75,554 @ 7.0% cap · market cap 15.26%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,568 @ 7.0% cap · market cap 21.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10,500 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Well-served
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial site with office, repair, and warehouse improvements in the Aiken City limits.
Where is this flex space located?
The property is located at 664 York Street NE Aiken, SC.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three improvements totaling approximately 7,824 square feet; 1.48‑acre nearly level site with a fenced gravel area; Office building measures approximately 1,260 SF
