Listing Agency: Keller Williams Realty Aiken Partners

Listed By: Caleb Smith · License #104608 Show Phone

Source: Crexi

Added: Feb 29, 2024 Changed: Oct 1 Last Checked: Oct 7 at 10:40AM

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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 Keller Williams Realty Aiken Partners

Investment Insights

Based on property information with market context.

This mixed-use property offers 1,700 square feet of space and is available for sale. The property is located on Railroad Avenue in Salley, South Carolina.

Key Highlights

• Mixed‑Use Property
• 1,700 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,426

Cap Rate

7.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$268,520 $268.5K

Cap Rate 7%

$191,800 $191.8K

Cap Rate 9%

$149,178 $149.2K

Market Conditions

NOI Build-Up for 1,700 SF

Gross rent

$23.9K $14.04/SF

− Vacancy

−$2.4K −$1.40/SF

EGI

$21.5K $12.64/SF

− OpEx

−$8.1K −$4.74/SF

NOI

$13.4K $7.90/SF

Area

Aiken County, SC

Vacancy

10.00%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$268,520

Cap Rate 7%

$191,800

Cap Rate 9%

$149,178

Alternative Uses

Best Use

Office B

$250.5K

$219.2K – $292.3K (±1% cap)

NOI $17,538 @ 7.0% cap · market cap 10.32%

Second Best

Retail

$234.5K

$205.2K – $273.6K (±1% cap)

NOI $16,416 @ 7.0% cap · market cap 9.66%

Theoretical Best

Office A

$327.7K

$286.7K – $382.3K (±1% cap)

NOI $22,938 @ 7.0% cap · market cap 13.49%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Furniture & Home Goods Grocery & Convenience Store Big Box & Wholesale Store HVAC Service Auto Repair Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Explore this area Business Placement

Demographics for 29137, SC

2,607

Population

1,294

Households

2

Avg Household Size

43

Median Age

14%

College-Educated

86%

High-School Grad

93.4 sq mi

ZIP Area

28

Density / Sq Mi

$38,710

Median Household Income

$35,167

Median Earnings

$650

Median Rent

$124,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property featuring 1,700 SF of space.

Where is this mixed-use property located?

The property is located at 113 Railroad Avenue Salley, SC.

What is the asking price?

The asking price for this property is $170,000.

What are key features of this property?

This property features: Mixed‑Use Property; 1,700 SF