Historic Mixed-Use
For Sale
$2,500,000
150 Fairfield St SE, Aiken, SC 29801
Renovated downtown building with office, retail, salon, residential, and annex spaces.
Property Size8,070 SF
Price / SF$309.79
Days on Market43
Property Features for 150 Fairfield St SE
General Information
Standard status
Active
Size
8,070 SF
Additional Details
Office Units
2
Amenities
conference room
garden courtyard
kitchen
coffee bar
Building Details
Year Built
1890
Year Renovated
2017
Buildings
2
Construction
brick
Tenancy
Multi
Listing Agency:
Meybohm Commercial Properties
(803) 215-1082
Listed By:
Karen A Daly · License #97250
Source:
Bradberrygarnerrealestate
Added: Jul 21
Changed: Aug 31
Last Checked: Aug 31 at 7:29PM
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.
Constructed in 1890 and reimagined through renovations in 2017, this 8,070-square-foot mixed-use property combines office, retail, salon, residential, and detached annex space. The main building includes a two-story law office with reception, conference, executive, library, work, storage, and kitchen areas, along with multiple baths and a glass-enclosed conference room. Historic details include exposed brick, hardwood floors, high ceilings, crown moulding, iron stair accents, and oversized windows.
The property also includes a salon suite renovated in 2022, a storefront renovated in 2023, a one-bedroom condominium with an open kitchen and living area, and a detached annex currently configured as office space. The salon offers painted concrete floors and natural light, while the storefront includes tile flooring, a dressing room, office space, and half bath. Located at 150 Fairfield St SE in downtown Aiken, the property provides a varied commercial and residential configuration within one downtown address.
The property also includes a salon suite renovated in 2022, a storefront renovated in 2023, a one-bedroom condominium with an open kitchen and living area, and a detached annex currently configured as office space. The salon offers painted concrete floors and natural light, while the storefront includes tile flooring, a dressing room, office space, and half bath. Located at 150 Fairfield St SE in downtown Aiken, the property provides a varied commercial and residential configuration within one downtown address.
Key Highlights
- 8,070‑square‑foot mixed‑use property at 150 Fairfield St SE, Aiken, SC 29801
- Main building renovated in 2017; original construction dates to 1890
- Two‑story law office with executive offices, library, work areas, kitchen, and conference rooms
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
$83,252
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
3.33%
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%
$1,665,040
$1.7M
Cap Rate 7%
$1,189,314
$1.2M
Cap Rate 9%
$925,022
$925.0K
Market Conditions
NOI Build-Up for 8,070 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
$121.1K $15.00/SF
− Vacancy
−$10.0K −$1.25/SF
EGI
$111.0K $13.76/SF
− OpEx
−$27.8K −$3.44/SF
NOI
$83.3K $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%
$1,665,040
Cap Rate 7%
$1,189,314
Cap Rate 9%
$925,022
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,252 @ 7.0% cap · market cap 3.33%
Second Best
Retail
$1.11M
$974.1K – $1.30M
NOI $77,929 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$1.56M
$1.36M – $1.81M
NOI $108,887 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,165
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated downtown building with office, retail, salon, residential, and annex spaces.
Where is this mixed-use property located?
The property is located at 150 Fairfield St SE Aiken, SC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 8,070‑square‑foot mixed‑use property at 150 Fairfield St SE, Aiken, SC 29801; Main building renovated in 2017; original construction dates to 1890; Two‑story law office with executive offices, library, work areas, kitchen, and conference rooms
