Two-Building Medical Office
For Sale
$1,300,000
2799 Whiskey Road, Aiken, SC 29803
COMMERCIAL/INDUSTRIAL, Aiken, SC
Property Size10,001 SF
Lot Size4.70 Acres
Price / SF$129.99
Days on Market696
Property Features for 2799 Whiskey Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UD
Parking
100
Directions
I-20 West, At Exit 18, head right on the ramp for SC-19 toward Aiken, left onto SC-19 / Edgefield, left onto Hampton Ave NW, right onto Chesterfield St N.
Subdivision
Aiken County
Standard status
Active
Size
10,001 SF
Lot size
4.70 Acres
Utilities
Cooling system
Central Air
Building Details
Floors in Building
1
Listing Agency:
ERA Wilder Realty · ERA Real Estate
(803) 356-2455
Listed By:
Kimberly McCoy · License #97812
(803) 728-8400
Added: Nov 6, 2024
Changed: Oct 2
Last Checked: Oct 3 at 1:06AM
MLS# 596614
Copyright © 2026 Consolidated MLS, SC. 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 medical office property at 2799 Whiskey Road consists of two buildings on 4.7 acres. The listing identifies medical and religious uses, including medical practices, dental offices, veterinary clinics, technical schools, and churches. Central air is provided.
The property is located on Whiskey Road in Aiken, South Carolina, and is zoned UD. A small parcel next door is also available.
The property is located on Whiskey Road in Aiken, South Carolina, and is zoned UD. A small parcel next door is also available.
Key Highlights
- Two buildings on a 4.7‑acre property
- Zoned UD
- Central air
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
$103,173
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
7.94%
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%
$2,063,460
$2.1M
Cap Rate 7%
$1,473,900
$1.5M
Cap Rate 9%
$1,146,367
$1.1M
Market Conditions
NOI Build-Up for 10,001 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
$150.0K $15.00/SF
− Vacancy
−$12.5K −$1.25/SF
EGI
$137.6K $13.76/SF
− OpEx
−$34.4K −$3.44/SF
NOI
$103.2K $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%
$2,063,460
Cap Rate 7%
$1,473,900
Cap Rate 9%
$1,146,367
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,173 @ 7.0% cap · market cap 7.94%
Second Best
Healthcare Medical
$330.8K
$289.4K – $385.9K
NOI $23,153 @ 7.0% cap · market cap 1.78%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,941 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29803, SC
40,056
Population
17,920
Households
2.2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
127.5 sq mi
ZIP Area
314
Density / Sq Mi
$82,933
Median Household Income
$42,961
Median Earnings
$1,146
Median Rent
$271,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Ark Animal Hospital — 2680 Whiskey Rd, Aiken, SC 29803
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two buildings on a 4.7-acre site offer space for medical or religious use.
Where is this medical office space located?
The property is located at 2799 Whiskey Road Aiken, SC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two buildings on a 4.7‑acre property; Zoned UD; Central air
