Medical Office Building with Covered
For Sale
$1,200,000
1466 Columbia Highway N, Aiken, SC 29801
COMMERCIAL - Aiken, SC
Property Size4,044 SF
Lot Size0.82 Acres
Price / SF$296.74
Days on Market100
Property Features for 1466 Columbia Highway N
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
RUD
Parking
20
Security features
Security System
Window features
Window Coverings
Interior features
Security System, Entrance Foyer
Lot features
Level, Sprinklers In Front, Level, Sprinklers In Front
Directions
From downtown Aiken, take Hwy 1/Columbia Hwy for approx. 1.7 miles north. The building will be on your right.
Subdivision
NE
Standard status
Active
APN
1200802017
Size
4,044 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Description
E/Sd Of Columbia Hwy N
Legal Description
E/Sd Of Columbia Hwy N
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Zoned, Electric (Heating)
Cooling system
Electric, Zoned
Water source
Public
Amenities
covered portico entrance
reception area
children's play area
exam rooms
executive offices
private executive suite
kitchen
lab
sanitation area
storage
security system
bathrooms
Building Details
Year built
2009
Floors in Building
1
Flooring type
Tile, Carpet, Tile - Ceramic
Building materials
Brick, Drywall, Frame
Roof type
Composition
Listing Agency:
Meybohm Commercial Properties
(803) 649-8103
Listed By:
Karen A Daly · License #97250
(803) 215-1082
Added: May 4
Changed: Aug 4
Last Checked: Aug 11 at 7:06PM
MLS# 223221
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 2009 brick medical office offers a patient-friendly layout with a welcoming covered portico entrance into a spacious reception area. The interior includes a reception window and a dedicated children’s play area, along with 10 fully plumbed exam rooms, large executive offices, and a private executive suite with its own entrance and en-suite full bathroom. Additional functional spaces include a fully equipped kitchen, lab, sanitation area, ample storage, and four bathrooms (including one with a shower). A security system is in place, and all furniture, fixtures, and equipment (FF&E) are included.
Set on a 0.82-acre lot, the property supports approximately 20 parking spaces and offers room for future flexibility. It is located on the north side of Aiken, about 5 minutes from downtown and about 5 minutes from Interstate 20 (Exit 22), providing convenient access for patients and staff.
With its configuration and included FF&E, the facility is well suited for a dental practice or other medical use that benefits from dedicated exam rooms, supporting back-of-house areas, and an executive suite with additional privacy.
Set on a 0.82-acre lot, the property supports approximately 20 parking spaces and offers room for future flexibility. It is located on the north side of Aiken, about 5 minutes from downtown and about 5 minutes from Interstate 20 (Exit 22), providing convenient access for patients and staff.
With its configuration and included FF&E, the facility is well suited for a dental practice or other medical use that benefits from dedicated exam rooms, supporting back-of-house areas, and an executive suite with additional privacy.
Key Highlights
- 4,044 SF medical office on a 0.82‑acre lot with approximately 20 parking spaces
- 10 fully plumbed exam rooms plus large executive offices
- Private executive suite with its own entrance and en‑suite full bathroom
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
39
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - 2009 brick medical office with 10 exam rooms, private executive suite, and security system, offered turn-key with FF&E included.
Where is this medical office space located?
The property is located at 1466 Columbia Highway 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 medical office on a 0.82‑acre lot with approximately 20 parking spaces; 10 fully plumbed exam rooms plus large executive offices; Private executive suite with its own entrance and en‑suite full bathroom
