Flex Space with Roll-Up
For Sale
$700,000
231 Marlboro St SE, Aiken, SC 29801
RS-10-zoned facility with a private office suite, open warehouse area, and convenient access to US-78.
Property Size6,960 SF
Price / SF$100.57
Days on Market39
Property Features for 231 Marlboro St SE
General Information
Standard status
Active
Size
6,960 SF
Property subtype
Industrial
Zoning
RS-10
Additional Details
Road Access
Yes
Clear Span
Yes
Building Details
Building Size
6,960 SF
Year Built
1991
Listing Agency:
Meybohm Commercial Properties, LLC
(864) 993-2501
Listed By:
Curt Hanna
(864) 993-2501
Source:
Thebrokerlist
Added: Jul 24
Changed: Aug 30
Last Checked: Aug 30 at 2:05PM
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, LLC
Investment Insights
Based on property information with market context.
Built in 1991, this 6,960-square-foot flex property combines a front office suite with a private entrance and an open-span warehouse area. Three roll-up doors provide loading and building access, while on-site parking accommodates daily operations and delivery activity. The layout is suited to storage, equipment handling, production, administrative functions, and customer-facing activity.
Located at 231 Marlboro Street SE in Aiken, the property is minutes from Downtown Aiken and connects to Richland Avenue, identified as US-78, as well as Walnut Lane. The surrounding mixed-use corridor includes light industrial users, service businesses, small commercial operators, retail amenities, professional services, and residential neighborhoods. RS-10 zoning is reported for the property.
Located at 231 Marlboro Street SE in Aiken, the property is minutes from Downtown Aiken and connects to Richland Avenue, identified as US-78, as well as Walnut Lane. The surrounding mixed-use corridor includes light industrial users, service businesses, small commercial operators, retail amenities, professional services, and residential neighborhoods. RS-10 zoning is reported for the property.
Key Highlights
- 6,960 SF of flex/industrial space
- Three roll‑up doors for loading and access
- Front office suite with private entrance
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
$42,131
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
6.02%
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%
$842,620
$842.6K
Cap Rate 7%
$601,871
$601.9K
Cap Rate 9%
$468,122
$468.1K
Market Conditions
NOI Build-Up for 6,960 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
$52.6K $7.56/SF
− Vacancy
−$3.1K −$0.44/SF
EGI
$49.6K $7.12/SF
− OpEx
−$7.4K −$1.07/SF
NOI
$42.1K $6.05/SF
Area
Aiken County, SC
Vacancy
5.80%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
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%
$842,620
Cap Rate 7%
$601,871
Cap Rate 9%
$468,122
Alternative Uses
Best Use
Warehouse
$601.9K
$526.6K – $702.2K
NOI $42,131 @ 7.0% cap · market cap 6.02%
Second Best
Industrial
$452.9K
$396.3K – $528.4K
NOI $31,705 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,910 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
283
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Urban + Rural Curato — 703 Richland Avenue, SE Aiken, SC 29801 |, Aiken, SC 29803
Frequently Asked Questions
What type of property is this?
Flex space - RS-10-zoned facility with a private office suite, open warehouse area, and convenient access to US-78.
Where is this flex space located?
The property is located at 231 Marlboro St SE Aiken, SC.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 6,960 SF of flex/industrial space; Three roll‑up doors for loading and access; Front office suite with private entrance
