Mixed-Use Building with Event
For Sale
$250,000
144 Good Springs Road, Aiken, SC 29801
Flexible commercial building with gathering space, kitchen facilities, offices, storage, restrooms, and a covered outdoor area.
Property Size2,438 SF
Lot Size4.10 Acres
Price / SF$102.54
Days on Market468
Property Features for 144 Good Springs Road
General Information
Standard status
Active
Size
2,438 SF
Lot size
4.10 Acres
Property subtype
Office
Amenities
common area
kitchen
restrooms
office space
storage room
covered picnic area
3
Building Details
Year Built
1994
Buildings
1
Listing Agency:
North Augusta
(803) 292-2943
Listed By:
Meybohm Real Estate
(803) 292-2943
Source:
Xome
Added: May 20, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:48AM
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 North Augusta
Investment Insights
Based on property information with market context.
This mixed-use property includes a 2,438-square-foot building on 4.1 acres. The interior features an entry foyer, a sizable common room, kitchen with refrigerator and stove, separate men's and women's restrooms, an office, and a dedicated storage room. The configuration supports a range of commercial and community-oriented uses, subject to applicable approvals.
Located at 144 Good Springs Road in Aiken, South Carolina, the property combines enclosed improvements with substantial open land. Exterior features include a covered picnic area, while the acreage provides room for additional structures or other site enhancements. Built in 1994, the property offers a combination of existing functional spaces and outdoor area within a rural setting.
Located at 144 Good Springs Road in Aiken, South Carolina, the property combines enclosed improvements with substantial open land. Exterior features include a covered picnic area, while the acreage provides room for additional structures or other site enhancements. Built in 1994, the property offers a combination of existing functional spaces and outdoor area within a rural setting.
Key Highlights
- 2,438‑square‑foot mixed‑use building on 4.1 acres
- Large common area suited to gatherings and events
- Kitchen includes a refrigerator and stove
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
$19,254
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
7.70%
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%
$385,080
$385.1K
Cap Rate 7%
$275,057
$275.1K
Cap Rate 9%
$213,933
$213.9K
Market Conditions
NOI Build-Up for 2,438 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
$34.2K $14.04/SF
− Vacancy
−$3.4K −$1.40/SF
EGI
$30.8K $12.64/SF
− OpEx
−$11.6K −$4.74/SF
NOI
$19.3K $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 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%
$385,080
Cap Rate 7%
$275,057
Cap Rate 9%
$213,933
Alternative Uses
Best Use
Mixed Use
$275.1K
$240.7K – $320.9K
NOI $19,254 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.9K
$411.2K – $548.3K
NOI $32,895 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building with gathering space, kitchen facilities, offices, storage, restrooms, and a covered outdoor area.
Where is this mixed-use property located?
The property is located at 144 Good Springs Road Aiken, SC.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,438‑square‑foot mixed‑use building on 4.1 acres; Large common area suited to gatherings and events; Kitchen includes a refrigerator and stove
