Two-Level Office
For Sale
$560,000
1314 Pine Log Rd, Aiken, SC 29803
Well-maintained office building offers a reception and lobby with spacious offices and two kitchens.
Property Size3,894 SF
Price / SF$143.81
Days on Market45
Property Features for 1314 Pine Log Rd
General Information
Standard status
Active
Size
3,894 SF
Zoning
OR
Additional Details
Road Access
Yes
Amenities
Reception and Lobby Areas
Spacious Offices
Bathrooms
2 Kitchens
Storage Rooms
Building Details
Year Built
1966
Stories
2
Listing Agency:
Dufour Realty
Listed By:
Stephen A Dufour
(803) 644-2424
Source:
Vandermorganrealty
Added: Jul 21
Changed: Aug 23
Last Checked: Sep 1 at 9:41PM
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 Dufour Realty
Investment Insights
Based on property information with market context.
This well-maintained office building is conveniently located on Pine Log Rd just after the fork of Silver Bluff/Pine Log. The property includes a reception and lobby area, spacious offices and bathrooms, and two kitchens, along with storage rooms.
The building is described as having 2001 SF on the main level and 1891 SF in the downstairs area, with energy-efficient HVAC units that were recently installed. The property is zoned OR in Aiken County.
For a new owner, the City of Aiken will require a petition for annexation to obtain water, as noted in the disclosure. The layout and improvements make the building well-suited for professional office use.
The building is described as having 2001 SF on the main level and 1891 SF in the downstairs area, with energy-efficient HVAC units that were recently installed. The property is zoned OR in Aiken County.
For a new owner, the City of Aiken will require a petition for annexation to obtain water, as noted in the disclosure. The layout and improvements make the building well-suited for professional office use.
Key Highlights
- Office building with 2001 SF main level and 1891 SF downstairs
- Reception and lobby areas plus spacious offices and bathrooms
- Two kitchens and multiple storage rooms
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
$40,171
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
7.17%
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%
$803,420
$803.4K
Cap Rate 7%
$573,871
$573.9K
Cap Rate 9%
$446,344
$446.3K
Market Conditions
NOI Build-Up for 3,894 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
$58.4K $15.00/SF
− Vacancy
−$4.8K −$1.25/SF
EGI
$53.6K $13.76/SF
− OpEx
−$13.4K −$3.44/SF
NOI
$40.2K $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%
$803,420
Cap Rate 7%
$573,871
Cap Rate 9%
$446,344
Alternative Uses
Best Use
Office B
$573.9K
$502.1K – $669.5K
NOI $40,171 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$750.6K
$656.8K – $875.7K
NOI $52,541 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
570
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 units - Well-maintained office building offers a reception and lobby with spacious offices and two kitchens.
Where is this office units located?
The property is located at 1314 Pine Log Rd Aiken, SC.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Office building with 2001 SF main level and 1891 SF downstairs; Reception and lobby areas plus spacious offices and bathrooms; Two kitchens and multiple storage rooms
