Fully Leased Office
For Sale
Contact for pricing
1070 Silver Bluff Rd, Aiken, SC 29803
39,024 SF fully leased office building for sale.
Property Size37,901 SF
Price / SF$182.05
Days on Market1573
Property Features for 1070 Silver Bluff Rd
General Information
Standard status
Active
Size
37,901 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$509,019
Building Details
Year Built
1988
Year Renovated
2017
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Meybohm Commercial
(706) 863-8182
Listed By:
Jordan Collier · License #GA 354980
Source:
Crexi
Added: May 13, 2022
Changed: Aug 17
Last Checked: Aug 31 at 7:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meybohm Commercial
Investment Insights
Based on property information with market context.
The property at 1070 Silver Bluff Road features a 39,024-square-foot, fully leased single-tenant office building. The property is strategically positioned along Silver Bluff Road, benefiting from its proximity to the area’s rapidly expanding residential and retail corridor. It also offers convenient access to the Savannah River Site. The location provides a stable, long-term income stream supported by a creditworthy tenant in one of the region’s fastest-growing submarkets. The property contains 37,901 square feet.
Key Highlights
- Fully leased, single‑tenant office building providing stable, long‑term income.
- Creditworthy tenant ensures reliable income stream.
- Located in one of the region's fastest‑growing submarkets.
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
$390,996
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
5.67%
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%
$7,819,920
$7.8M
Cap Rate 7%
$5,585,657
$5.6M
Cap Rate 9%
$4,344,400
$4.3M
Market Conditions
NOI Build-Up for 37,901 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
$568.5K $15.00/SF
− Vacancy
−$47.2K −$1.25/SF
EGI
$521.3K $13.76/SF
− OpEx
−$130.3K −$3.44/SF
NOI
$391.0K $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%
$7,819,920
Cap Rate 7%
$5,585,657
Cap Rate 9%
$4,344,400
Alternative Uses
Best Use
Office B
$5.59M
$4.89M – $6.52M
NOI $390,996 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.31M
$6.39M – $8.52M
NOI $511,391 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 29803, SC
40,056
Population
17,920
Households
2.2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
127.5 sq mi
ZIP Area
314
Density / Sq Mi
$82,933
Median Household Income
$42,961
Median Earnings
$1,146
Median Rent
$271,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 39,024 SF fully leased office building for sale.
Where is this office building located?
The property is located at 1070 Silver Bluff Rd Aiken, SC.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Fully leased, single‑tenant office building providing stable, long‑term income.; Creditworthy tenant ensures reliable income stream.; Located in one of the region's fastest‑growing submarkets.
