Freestanding Drive-Through
New
For Sale
Contact for pricing
1110 York St NE, Aiken, SC 29801
Vacant restaurant property with commercial kitchen, dining space, dedicated drive-through, and flexible GB zoning.
Property Size3,342 SF
Lot Size1.04 Acres
Price / SF$44.88
Days on Market5
Property Features for 1110 York St NE
General Information
Standard status
Active
Size
3,342 SF
Total Parking Spaces
51
Lot size
1.04 Acres
Property subtype
Retail
Zoning
GB
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Traffic Count
26,218 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2001
Buildings
1
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Philip Kates · License #FL 3235872
Source:
Crexi
Added: Sep 6
Changed: Sep 9
Last Checked: Sep 10 at 7:23AM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
This vacant freestanding restaurant property contains approximately 3,342 SF on approximately 1.038 acres. Constructed in 2001, the building includes a commercial kitchen, dining area, walk-in cooler and freezer, drive-through service, pylon signage, and approximately 51 parking spaces. Two separate ingress and egress points support site circulation, while the former Burger King layout provides an established quick-service restaurant configuration.
The property is located at 1110 York St NE in Aiken, South Carolina, along US Highway 1 near US-78. It occupies a signalized hard-corner setting with approximately 26,218 combined VPD. GB, General Business zoning accommodates retail, restaurant, commercial, and service-oriented uses, supporting continued restaurant use, adaptive reuse, or redevelopment.
The property is located at 1110 York St NE in Aiken, South Carolina, along US Highway 1 near US-78. It occupies a signalized hard-corner setting with approximately 26,218 combined VPD. GB, General Business zoning accommodates retail, restaurant, commercial, and service-oriented uses, supporting continued restaurant use, adaptive reuse, or redevelopment.
Key Highlights
- Approximately 3,342 SF freestanding restaurant on approximately 1.038 acres
- Drive‑through, commercial kitchen, dining area, and walk‑in cooler/freezer
- Approximately 51 parking spaces with two points of ingress/egress
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
$9,671
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
6.45%
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%
$193,420
$193.4K
Cap Rate 7%
$138,157
$138.2K
Cap Rate 9%
$107,456
$107.5K
Market Conditions
NOI Build-Up for 3,342 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
$13.6K $4.08/SF
− Vacancy
−$740 −$0.22/SF
EGI
$12.9K $3.86/SF
− OpEx
−$3.2K −$0.96/SF
NOI
$9.7K $2.89/SF
Area
Aiken County, SC
Vacancy
5.43%
Lease Rate
$4.08 /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%
$193,420
Cap Rate 7%
$138,157
Cap Rate 9%
$107,456
Alternative Uses
Best Use
Specialty Retail
$138.2K
$120.9K – $161.2K
NOI $9,671 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$644.2K
$563.7K – $751.6K
NOI $45,093 @ 7.0% cap · market cap 30.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
26,218 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 33%
Groceries 22%
Electronics 1%
McDonald's
Dining
17,693 visits/mo
0.2 miles
KJ's Market IGA
Groceries
17,009 visits/mo
0.1 miles
Circle K
Shops & Services
10,923 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
8,699 visits/mo
0.2 miles
Dollar General
Shops & Services
5,575 visits/mo
0.0 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Vacant restaurant property with commercial kitchen, dining space, dedicated drive-through, and flexible GB zoning.
Where is this drive through restaurant located?
The property is located at 1110 York St NE Aiken, SC.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Approximately 3,342 SF freestanding restaurant on approximately 1.038 acres; Drive‑through, commercial kitchen, dining area, and walk‑in cooler/freezer; Approximately 51 parking spaces with two points of ingress/egress
