Two-Bay Auto Shop
For Sale
$335,000
1347 Edgefield Highway, Aiken, SC 29801
Commercial Sale, Aiken, SC
Property Size1,200 SF
Lot Size0.90 Acres
Price / SF$279.17
Days on Market103
Property Features for 1347 Edgefield Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Urban Development
Lot features
Level, Level
Directions
Follow I-20 W to SC-19 S in Aiken County. Take exit 18 from I-20 W Turn left onto SC-19 S Destination will be on the right
Subdivision
NW
Standard status
Active
APN
103-16-04-001, 777-00-07-301
Size
1,200 SF
Lot size
0.90 Acres
Taxes and HOA fees
Tax Description
WS OF HWY 19
Legal Description
WS OF HWY 19
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Flooring type
Concrete
Building materials
Vinyl Siding
Roof type
Metal
Additional Structures
Mobile Home
Listing Agency:
Keller Williams Palmetto · Keller Williams Realty
(803) 722-1900
Listed By:
Carl Vollmer · License #101960
(803) 391-5804
Added: Jun 1
Changed: Sep 6
Last Checked: Sep 11 at 7:06AM
MLS# 223727
Copyright © 2026 Aiken Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.9-acre mixed-use property in Aiken includes a 1,200-square-foot, two-bay autobody shop with a detached office and vehicle lifts. Two mobile homes occupy the rear of the site and are currently rented. Two brick houses are also present and have been gutted, requiring floors, kitchens, and bathrooms. The property was built in 1954 and features vinyl siding, concrete flooring, a metal roof, wall or window cooling units, public water, and a septic tank.
Located at 1347 Edgefield Highway, the site has 140 feet of road frontage and is zoned urban development. Water is available, and the existing improvements create a combination of automotive, office, and residential components within the same parcel.
Located at 1347 Edgefield Highway, the site has 140 feet of road frontage and is zoned urban development. Water is available, and the existing improvements create a combination of automotive, office, and residential components within the same parcel.
Key Highlights
- 0.9‑acre mixed‑use parcel with 140 feet of frontage on Edgefield Highway
- 1,200‑square‑foot autobody shop with 2 bays and detached office
- Vehicle lifts included with the autobody shop
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
$12,380
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
3.70%
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%
$247,600
$247.6K
Cap Rate 7%
$176,857
$176.9K
Cap Rate 9%
$137,556
$137.6K
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
$18.0K $15.00/SF
− Vacancy
−$1.5K −$1.25/SF
EGI
$16.5K $13.76/SF
− OpEx
−$4.1K −$3.44/SF
NOI
$12.4K $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%
$247,600
Cap Rate 7%
$176,857
Cap Rate 9%
$137,556
Alternative Uses
Best Use
Office B
$176.9K
$154.8K – $206.3K
NOI $12,380 @ 7.0% cap · market cap 3.70%
Second Best
Retail
$165.5K
$144.9K – $193.1K
NOI $11,588 @ 7.0% cap · market cap 3.46%
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
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Current Use
Lease Details
2
Service bays
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Mixed-use site with an office, residential units, and additional structures along Edgefield Highway.
Where is this auto shop located?
The property is located at 1347 Edgefield Highway 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: 0.9‑acre mixed‑use parcel with 140 feet of frontage on Edgefield Highway; 1,200‑square‑foot autobody shop with 2 bays and detached office; Vehicle lifts included with the autobody shop
