Historic Mixed-Use
For Sale
$2,500,000
150 Fairfield Street SE, Aiken, SC 29801
Commercial Sale, Aiken, SC
Property Size8,070 SF
Lot Size0.14 Acres
Price / SF$309.79
Days on Market94
Property Features for 150 Fairfield Street SE
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
DB
Parking features
Off Street, On Street
Fireplace
1
Lot features
Corner Lot, Landscaped
Directions
From Augusta, head east on Hwy 78 for 15 miles. Bear right on Hayne Ave for 1.5 miles to Fairfield St. Building will be on your left.
Standard status
Active
APN
1213014001
Size
8,070 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BLK 92 CRNR OF PARK & FAIRFIELD
Tax Annual Amount
21108
Legal Description
BLK 92 CRNR OF PARK & FAIRFIELD
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Zoned
Cooling system
Central Air, Zoned, Heat Pump
Water source
Public
Amenities
conference room
library
collaborative gathering area
kitchen
coffee bar
garden courtyard
Building Details
Year built
1890
Flooring type
Concrete, Hardwood, Tile, Carpet
Building materials
Brick
Roof type
Membrane
Listing Agency:
Meybohm Commercial Properties
(706) 736-0700
Listed By:
Karen A Daly · License #SC97250
(803) 215-1082
Added: May 22
Changed: Aug 19
Last Checked: Aug 23 at 6:06AM
MLS# 100576260
Copyright © 2026 Hive MLS. 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.
Built in 1890 and renovated in 2017, this brick mixed-use property contains 8,070 square feet on 0.14 acres. The main building is configured as a two-story office with reception, conference areas, executive offices, library or office space, workrooms, storage, kitchens, bathrooms, fireplaces, and multiple workstations. Exposed brick, hardwood floors, high ceilings, crown moulding, custom ironwork, and oversized windows remain part of the interior character.
Additional improvements include a salon suite renovated in 2022 and a street-level boutique renovated in 2023. The property also includes a one-bedroom condominium with an open kitchen and living area, primary bath with double vanities, laundry room, granite countertops, wood flooring, and Sub-Zero and Thermador appliances. A detached annex provides open office space with a half bath, storage, metal roof, painted concrete floors, and views toward the garden courtyard.
The property is located in downtown Aiken and has public water and public sewer, water availability, central and zoned cooling, zoned electric heat, heat pump systems, and on-street and off-street parking.
Additional improvements include a salon suite renovated in 2022 and a street-level boutique renovated in 2023. The property also includes a one-bedroom condominium with an open kitchen and living area, primary bath with double vanities, laundry room, granite countertops, wood flooring, and Sub-Zero and Thermador appliances. A detached annex provides open office space with a half bath, storage, metal roof, painted concrete floors, and views toward the garden courtyard.
The property is located in downtown Aiken and has public water and public sewer, water availability, central and zoned cooling, zoned electric heat, heat pump systems, and on-street and off-street parking.
Key Highlights
- 8,070‑square‑foot mixed‑use property on 0.14 acres
- 1890 construction with renovation completed in 2017
- Two‑story office includes executive offices, conference areas, workrooms, kitchens, and multiple bathrooms
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
Property Profile
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,066
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated downtown building combines office, retail, salon, condominium, and annex spaces within a flexible commercial layout.
Where is this mixed-use property located?
The property is located at 150 Fairfield Street 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 on 0.14 acres; 1890 construction with renovation completed in 2017; Two‑story office includes executive offices, conference areas, workrooms, kitchens, and multiple bathrooms
