Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    May Royal Dr Aiken, SC 29801

    Sponsored
    For Sale
    Pending
    $450,000

    LAND - Aiken, SC

    Lot size:
    39.35 Acres
    Days on Market:
    96
    Last Refresh:
    Mar 3 at 6:06 pm

    Property Features for May Royal Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    RUD
    APN
    1200802008
    Lot size
    39.35 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Andrea Mayson Philbeck

    Keller Williams Aiken Partners (803) 262-4460

    Listing agent Andrea Mayson Philbeck (803) 645-3946 License #403073

    Listing date Nov 28, 2025

    MLS# 513055

    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.

    Learn more

    Property Insight Report

    Overview

    Aiken Land Development Opportunity

    This 39.35-acre land parcel, situated just outside Aiken city limits, presents a development opportunity. It was previously planned for a subdivision, and all site plans and engineering plans are included for reference. Some roads have been cut in, but the remainder of the property will need to be cleared. There are four potential entrances for the subdivision, two on May Royal Drive and two on Osbon Drive. The property is conveniently located close to I20 access and minutes from downtown Aiken, the USC Aiken College Campus, and Aiken Regional Medical Center. City water and sewer are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.689994
    Latitude
    33.586913

    Nearby Similar for Sale

    • $244,900
      1,204 SF

      Aiken Commercial Property For Sale

      Commercial property in downtown Aiken with high visibility and accessibility.
      333 Newberry St NW, Aiken, SC 29801
      View Details
    • $250,000
      2,438 SF

      Versatile Multi-Use Property on Acreage

      Income-producing property with potential for retail, restaurant, or event venue.
      144 Good Springs Rd, Aiken, SC 29801
      View Details
    • $244,900
      1,204 SF

      Aiken Commercial Property on Newberry

      Commercial property in downtown Aiken suitable for various business uses.
      333 NW Newberry St, Aiken, SC 29801
      View Details
    • $585,000
      3,894 SF

      Aiken Office Space For Sale

      Office space in high-traffic, visible area with multiple options.
      1314 Pine Log Rd, Aiken, SC 29803
      View Details
    • $329,900
      2,642 SF

      Aiken Office/Retail Space Available

      Office or retail space in Aiken, South Carolina.
      410 University Pkwy Unit, Aiken, SC 29801
      View Details
    • $250,000
      2,438 SF

      Versatile Multi-Use Property on Acreage

      Multi-use property on 4.1 acres, ideal for various ventures.
      144 Good Springs Rd, Aiken, SC 29801
      View Details
    • $1,699,000
      4,125 SF

      Historic Bed & Breakfast Landmark

      Charming B&B with cottages, pool, and event venue.
      3083 Charleston Hwy, Aiken, SC 29801
      View Details
    • $1,699,000
      4,125 SF

      Historic Aiken Bed & Breakfast

      Landmark bed and breakfast with cottages and event venue.
      3083 Charleston Hwy, Aiken, SC 29801
      View Details
    • $750,000
      6,464 SF

      Aiken Office Building For Sale

      Mid-century office building with redevelopment potential in historic Aiken.
      120 Morgan St NW, Aiken, SC 29801
      View Details
    • $305,000
      Pending

      Historical District Office Building

      Charming office building in Aiken's Historical District.
      125 Pendleton St NW, Aiken, SC 29801
      View Details
    • $1,049,900
      4,880 SF

      Aiken Gated Estate on 45 Acres

      Magnificent 45-acre gated estate in the heart of Aiken.
      1164 Arbutus Hills Dr, Aiken, SC 29801
      View Details
    • $839,900
      1,500 SF

      Downtown Aiken Commercial Office Space

      Prime 1,500 sq ft office space in downtown Aiken.
      149 Chesterfield St S, Aiken, SC 29801
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 39.35 acres near Aiken with development potential.
    Where is this residential land & home lot located?
    The property is located at May Royal Dr Aiken, SC.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Development opportunity with included site and engineering plans for a subdivision.; - Convenient location close to I-20, downtown Aiken, USC Aiken, and Aiken Regional Medical Center.; - City water and sewer available.
    (803) 645-3946
    Request Owner's contact information
    May Royal Dr Aiken, SC 29801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    May Royal Dr
    Aiken, SC 29801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    May Royal Dr Aiken, SC 29801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrea Mayson Philbeck
    Real Estate License ID: 403073
    (803) 645-3946
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!