Automotive Shop with Rental
For Sale
$335,000
1347 Edgefield Hwy, Aiken, SC 29801
Nearly an acre commercial lot featuring a two-bay autobody shop, detached office, and multiple rented homes.
Property Size1,200 SF
Price / SF$279.17
Days on Market48
Property Features for 1347 Edgefield Hwy
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
1954
Listing Agency:
Keller Williams Palmetto
Listed By:
Carl Vollmer · License #101960
(803) 722-1900
Source:
Vandermorganrealty
Added: Jul 26
Changed: Aug 14
Last Checked: Sep 9 at 10:10PM
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 Palmetto
Investment Insights
Based on property information with market context.
This property is a nearly acre commercial lot with mixed-use components. The front portion includes a two-bay autobody shop and a detached office, with lifts included. At the back of the property, there are two mobile homes that are currently rented at $700 per month each. Additional structures include two brick houses that have been gutted, with floors, kitchens, and bathrooms still needed.
The site offers 140 feet of road frontage on Edgefield Highway. The property is zoned urban development and is currently operating as a mixed-use setup.
With its combination of an operating automotive shop, detached office space with lifts, and existing rental income from the mobile homes, the property presents multiple on-site income and use components under one ownership.
The site offers 140 feet of road frontage on Edgefield Highway. The property is zoned urban development and is currently operating as a mixed-use setup.
With its combination of an operating automotive shop, detached office space with lifts, and existing rental income from the mobile homes, the property presents multiple on-site income and use components under one ownership.
Key Highlights
- Nearly an acre commercial lot in Aiken with 140 ft of road frontage on Edgefield Highway
- Zoned urban development; currently set up as a mixed‑use property
- Two‑bay autobody shop on the front of the property with detached office and lifts included
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
$11,588
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
3.46%
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%
$231,760
$231.8K
Cap Rate 7%
$165,543
$165.5K
Cap Rate 9%
$128,756
$128.8K
Market Conditions
NOI Build-Up for 1,200 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
$17.3K $14.40/SF
− Vacancy
−$726 −$0.60/SF
EGI
$16.6K $13.80/SF
− OpEx
−$5.0K −$4.14/SF
NOI
$11.6K $9.66/SF
Area
Aiken County, SC
Vacancy
4.20%
Lease Rate
$14.40 /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%
$231,760
Cap Rate 7%
$165,543
Cap Rate 9%
$128,756
Alternative Uses
Best Use
Retail
$165.5K
$144.9K – $193.1K
NOI $11,588 @ 7.0% cap · market cap 3.46%
Second Best
Industrial
$78.1K
$68.3K – $91.1K
NOI $5,466 @ 7.0% cap · market cap 1.63%
Theoretical Best
Office A
$231.3K
$202.4K – $269.9K
NOI $16,191 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,663 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Southside Automotive Sales and Services — 1355 Edgefield Hwy, Aiken, SC 29801
- 19 Auto & Transmissions — 1347 Edgefield Hwy, Aiken, SC 29801
- Jason Auto Repair — 1347 Edgefield Hwy, Aiken, SC 29801
- El Amigo Tires II — 1333 Edgefield Hwy, Aiken, SC 29801
- Krueger Auto Clinic LLC — 174 shiloh heights rd, aiken, sc 29801
Frequently Asked Questions
What type of property is this?
Auto shop - Nearly an acre commercial lot featuring a two-bay autobody shop, detached office, and multiple rented homes.
Where is this auto shop located?
The property is located at 1347 Edgefield Hwy Aiken, SC.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Nearly an acre commercial lot in Aiken with 140 ft of road frontage on Edgefield Highway; Zoned urban development; currently set up as a mixed‑use property; Two‑bay autobody shop on the front of the property with detached office and lifts included
