Chamber-Inspired Office
For Sale
Contact for pricing
400 Laurens Street NW, Aiken, SC 29801
Corner-located office building with private parking, multiple offices, and restrooms for flexible professional use.
Property Size2,110 SF
Price / SF$234.60
Days on Market72
Property Features for 400 Laurens Street NW
General Information
Standard status
Active
Size
2,110 SF
Total Parking Spaces
12
Property subtype
Office
Building Details
Year Built
1978
Listing Agency:
Coward & McNeill Real Estate, LLC
(803) 507-1098
Listed By:
Erin Truitt · License #134101
Source:
Crexi
Added: Jun 13
Changed: Aug 10
Last Checked: Aug 22 at 2:11PM
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 Coward & McNeill Real Estate, LLC
Investment Insights
Based on property information with market context.
Constructed in 1978, this office building offers 2,111 gross leasable square feet and a layout designed for professional operations. The interior includes an open entry area and an additional open multi-use area, plus an executive office and an additional office. Additional space is supported by multiple storage rooms, a break room/kitchenette, two restrooms, and a rear hallway. The property is professionally landscaped and irrigated, and the site is maintained for an organized, presentable setting.
The building is situated at the corner of Laurens Street and Abbeville Avenue at 400 Laurens Street NW in Aiken, SC. It benefits from corner placement and is served by a private parking lot with approximately twelve parking spaces on site.
This configuration is well suited for tenants seeking a mix of reception or open work areas along with separate offices and storage. The presence of dedicated restroom facilities, a break room/kitchenette, and multiple interior rooms provides practical day-to-day functionality for office users and professional services looking to purchase a ready-to-occupy building.
The building is situated at the corner of Laurens Street and Abbeville Avenue at 400 Laurens Street NW in Aiken, SC. It benefits from corner placement and is served by a private parking lot with approximately twelve parking spaces on site.
This configuration is well suited for tenants seeking a mix of reception or open work areas along with separate offices and storage. The presence of dedicated restroom facilities, a break room/kitchenette, and multiple interior rooms provides practical day-to-day functionality for office users and professional services looking to purchase a ready-to-occupy building.
Key Highlights
- Corner office building at Laurens St and Abbeville Ave, constructed in 1978
- 2,111 gross leasable square feet with flexible interior layout for professional use
- Includes open entry/general use area, open multi‑use area, executive and additional offices
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
$21,767
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
4.40%
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%
$435,340
$435.3K
Cap Rate 7%
$310,957
$311.0K
Cap Rate 9%
$241,856
$241.9K
Market Conditions
NOI Build-Up for 2,110 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
$31.7K $15.00/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$29.0K $13.76/SF
− OpEx
−$7.3K −$3.44/SF
NOI
$21.8K $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%
$435,340
Cap Rate 7%
$310,957
Cap Rate 9%
$241,856
Alternative Uses
Best Use
Office B
$311.0K
$272.1K – $362.8K
NOI $21,767 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$406.7K
$355.9K – $474.5K
NOI $28,470 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
702
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?
Office building - Corner-located office building with private parking, multiple offices, and restrooms for flexible professional use.
Where is this office building located?
The property is located at 400 Laurens Street NW Aiken, SC.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Corner office building at Laurens St and Abbeville Ave, constructed in 1978; 2,111 gross leasable square feet with flexible interior layout for professional use; Includes open entry/general use area, open multi‑use area, executive and additional offices
