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    Sound-Proof Executive Office Building Title is generated by Realmo AI

    212 Newberry Street NW, Aiken, SC 29801

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    For Lease
    $4,800/Mo $17 SF/Yr (calc)

    COMMERCIAL - Aiken, SC

    Type:Office
    Property size:
    3,214 SF
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 8:06 pm

    Property Features for 212 Newberry Street NW

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Bathrooms
    1
    Rooms
    Bathroom 1, Bathroom 2
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    1207704006
    Size
    3,214 SF

    Taxes and HOA fees

    Tax Description
    Pursuant to the legal instrument the deed.

    Building Details

    Year built
    1975
    Floors in Building
    1

    We can help!

    Listing Contact
    Erin Truitt

    Listing agent Erin Truitt

    Listing office Coward & McNeill Real Estate, LLC 830 Colony Parkway, Aiken, SC

    Listing date Jun 1, 2026

    MLS# 223739

    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.

    HighLights

    • Single‑story professional office building with approx. 3,198 gross leasable square feet (GLSF)
    • Downtown Aiken location with private asphalt paved on‑site parking lot
    • Layout includes five executive offices, two conference rooms, and lobby with restroom
    • Break room with restroom and shower plus file/copy area
    • Sound‑proof individual offices originally designed as an attorney’s office for professional uses
    • Lease rate is $18.00 per GLSF per year, plus NNN expenses

    Overview

    This single-story professional office building offers approximately 3,198 gross leasable square feet. The interior is divided into five executive offices, two conference rooms, and a lobby with restroom. Additional amenities include a break room with restroom and shower, along with a file/copy area. The building was originally designed as an attorney’s office with sound-proof individual offices, supporting professional use where privacy and discretion matter.

    Located in Downtown Aiken, the property includes a private asphalt paved parking lot on-site for tenant and visitor use. The configuration lends itself to firms that need dedicated offices, meeting space, and back-office support areas.

    Suitable for professional services such as a law office, insurance office, financial advising, real estate office, or similar operations, the layout is already oriented around private, sound-conscious workspaces and structured meeting rooms. The space is offered for lease at $18.00 per gross leasable square foot (GLSF) per year, plus NNN expenses. This combination of office-ready improvements, on-site parking, and professional-focused configuration makes the building a practical fit for established teams and those planning a dedicated, office-based practice.
    Property Profile Location Intelligence

    Current Use by Public Records

    Angell Molony Law Firm McMillian Grimes, Attorneys ... Law Firm Buchanan Law Office ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.719079
    Latitude
    33.563478

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    FAQs

    What type of property is this?
    Office building - Single-story office with executive offices, conference rooms, and private paved parking for professional tenants.
    Where is this office building located?
    The property is located at 212 Newberry Street NW Aiken, SC.
    What is the lease rate?
    The lease rate is $4,800 /Mo.
    What are key features of this property?
    This property features: Single‑story professional office building with approx. 3,198 gross leasable square feet (GLSF); Downtown Aiken location with private asphalt paved on‑site parking lot; Layout includes five executive offices, two conference rooms, and lobby with restroom
    (803) 507-1098
    We can help!
    Listing Contact
    Erin Truitt
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    212 Newberry Street NW, Aiken, SC 29801
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