Medical Office Building with Exam
For Sale
$1,200,000
1466 Columbia Hwy N, Aiken, SC 29801
Brick medical facility with a reception area, executive suite, lab, kitchen, and extensive built-in plumbing.
Property Size4,044 SF
Price / SF$296.74
Days on Market34
Property Features for 1466 Columbia Hwy N
General Information
Standard status
Active
Size
4,044 SF
Building Details
Year Built
2009
Listing Agency:
Meybohm Commercial Properties
(803) 215-1082
Listed By:
Karen A Daly · License #97250
Source:
Thebradleyrealestategroup
Added: Jul 29
Changed: Aug 30
Last Checked: Aug 30 at 8:11PM
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.
Built in 2009, this 4,044 SF brick medical office offers a purpose-built layout for clinical operations. The interior includes a reception area with a service window and children’s play space, 10 fully plumbed exam rooms, practitioner offices, and a private executive suite with a separate entrance and full bathroom. A lab, sanitation area, kitchen, four bathrooms, storage, and security system support daily use, while included FF&E helps provide a furnished operating environment.
The property occupies 0.82 acres on the north side of Aiken at 1466 Columbia Hwy N. Downtown Aiken and Interstate 20 Exit 22 are each approximately 5 minutes away. About 20 parking spaces serve the facility, with additional land area providing flexibility for future needs.
The property occupies 0.82 acres on the north side of Aiken at 1466 Columbia Hwy N. Downtown Aiken and Interstate 20 Exit 22 are each approximately 5 minutes away. About 20 parking spaces serve the facility, with additional land area providing flexibility for future needs.
Key Highlights
- 4,044 SF brick medical office built in 2009
- 0.82‑acre property with approximately 20 parking spaces
- 10 fully plumbed exam rooms for clinical operations
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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick medical facility with a reception area, executive suite, lab, kitchen, and extensive built-in plumbing.
Where is this medical office space located?
The property is located at 1466 Columbia Hwy N 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 brick medical office built in 2009; 0.82‑acre property with approximately 20 parking spaces; 10 fully plumbed exam rooms for clinical operations
