Medical Office with 9 Exam
New
For Sale
$1,200,000
1466 Columbia Hwy, Aiken, SC 29801
Brick healthcare facility with a covered entry, executive suite, lab, and included FF&E.
Property Size4,044 SF
Price / SF$296.74
Days on Market3
Property Features for 1466 Columbia Hwy
General Information
Standard status
Active
Size
4,044 SF
Building Details
Year Built
2009
Listing Agency:
Meybohm Commercial Properties
Listed By:
Karen A Daly · License #97250
(803) 215-1082
Source:
Bradberrygarnerrealestate
Added: Sep 21
Last Checked: Sep 22 at 7:46PM
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 Meybohm Commercial Properties
Investment Insights
Based on property information with market context.
This 4,044-square-foot medical office occupies a 0.82-acre site at 1466 Columbia Hwy in Aiken. Constructed in 2009, the brick building includes a covered portico, reception area with reception window, children's play area, 9 fully plumbed exam rooms, executive offices, and a private suite with a separate entrance and en-suite full bathroom.
The facility also provides a kitchen, 4 bathrooms, including one with a shower, lab, sanitation area, security system, and storage throughout. Furniture, fixtures, and equipment are included. Approximately 20 parking spaces serve the property. The site is positioned on the north side of Aiken, approximately 5 minutes from downtown and 5 minutes from Interstate 20 at Exit 22. The layout is suited to a dental practice or other medical use.
The facility also provides a kitchen, 4 bathrooms, including one with a shower, lab, sanitation area, security system, and storage throughout. Furniture, fixtures, and equipment are included. Approximately 20 parking spaces serve the property. The site is positioned on the north side of Aiken, approximately 5 minutes from downtown and 5 minutes from Interstate 20 at Exit 22. The layout is suited to a dental practice or other medical use.
Key Highlights
- 4,044 SF medical office on a 0.82‑acre lot
- 9 fully plumbed exam rooms
- Approximately 20 parking spaces
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
$41,719
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
3.48%
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%
$834,380
$834.4K
Cap Rate 7%
$595,986
$596.0K
Cap Rate 9%
$463,544
$463.5K
Market Conditions
NOI Build-Up for 4,044 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
$60.7K $15.00/SF
− Vacancy
−$5.0K −$1.25/SF
EGI
$55.6K $13.76/SF
− OpEx
−$13.9K −$3.44/SF
NOI
$41.7K $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%
$834,380
Cap Rate 7%
$595,986
Cap Rate 9%
$463,544
Alternative Uses
Best Use
Office B
$596.0K
$521.5K – $695.3K
NOI $41,719 @ 7.0% cap · market cap 3.48%
Second Best
Healthcare Medical
$133.7K
$117.0K – $156.0K
NOI $9,362 @ 7.0% cap · market cap 0.78%
Theoretical Best
Office A
$779.5K
$682.1K – $909.4K
NOI $54,565 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick healthcare facility with a covered entry, executive suite, lab, and included FF&E.
Where is this medical office space located?
The property is located at 1466 Columbia Hwy Aiken, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,044 SF medical office on a 0.82‑acre lot; 9 fully plumbed exam rooms; Approximately 20 parking spaces
