Medical Office Space Under
For Sale
$247,500
Pending
410 University Parkway, Aiken, SC 29801
Commercial Sale, Aiken, SC
Property Size1,100 SF
Lot Size0.03 Acres
Days on Market16
Property Features for 410 University Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Office
Parking
300
Parking features
Parking Lot, Off Street
Subdivision
Not In Subdivision
Lot features
Level
Directions
From downtown Aiken take Richland Ave W to University Parkway. Right onto University Parkway then to Aiken Medical Building, just past ARMC. Property is on the right. Suite is located on the lower level.
Standard status
Pending
APN
0871502029
Size
1,100 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
APT PARCEL 1300 & INT IN 5 ACRES M/L
Tax Annual Amount
2622
HOA Fee
$7,302 Annually
Legal Description
APT PARCEL 1300 & INT IN 5 ACRES M/L
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Flooring type
Carpet, Vinyl
Building materials
Block, Brick Veneer, Steel Frame
Roof type
Membrane, Flat
Listing Agency:
Re/max Tattersall Group
(803) 226-0036
Listed By:
Tad Barber · License #2264
(803) 439-6559
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 29 at 5:06PM
MLS# 100596316
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.
This 1,100-square-foot medical office suite is undergoing renovation for use as medical education space. The property occupies 0.03 acres and was constructed in 1985 with block, brick veneer, and steel frame construction. Interior finishes include carpet and vinyl flooring, while electric forced-air heating and central air provide climate control. The building has a flat membrane roof and access to off-street parking in a parking lot.
Located at 410 University Parkway in Aiken, South Carolina, the property is supplied by public water and public sewer. A new five-year lease is in place with renewal options and rent increases at renewal. The lease takes effect September 1, with the tenant responsible for regime payments, taxes, and insurance. Operating costs are adjusted annually based on actual costs.
Located at 410 University Parkway in Aiken, South Carolina, the property is supplied by public water and public sewer. A new five-year lease is in place with renewal options and rent increases at renewal. The lease takes effect September 1, with the tenant responsible for regime payments, taxes, and insurance. Operating costs are adjusted annually based on actual costs.
Key Highlights
- 1,100 square feet on a 0.03‑acre site
- Office zoning with public water and public sewer
- New 5‑year lease with an 8% return on investment
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
$11,348
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
4.59%
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%
$226,960
$227.0K
Cap Rate 7%
$162,114
$162.1K
Cap Rate 9%
$126,089
$126.1K
Market Conditions
NOI Build-Up for 1,100 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
$16.5K $15.00/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$15.1K $13.76/SF
− OpEx
−$3.8K −$3.44/SF
NOI
$11.3K $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%
$226,960
Cap Rate 7%
$162,114
Cap Rate 9%
$126,089
Alternative Uses
Best Use
Office B
$162.1K
$141.9K – $189.1K
NOI $11,348 @ 7.0% cap · market cap 4.59%
Second Best
Healthcare Medical
$36.4K
$31.8K – $42.5K
NOI $2,547 @ 7.0% cap · market cap 1.03%
Theoretical Best
Office A
$212.0K
$185.5K – $247.4K
NOI $14,842 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
495
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 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?
Medical Office Space - The suite carries Office zoning and is served by public water and public sewer.
Where is this medical office space located?
The property is located at 410 University Parkway Aiken, SC.
What is the asking price?
The asking price for this property is $247,500.
What are key features of this property?
This property features: 1,100 square feet on a 0.03‑acre site; Office zoning with public water and public sewer; New 5‑year lease with an 8% return on investment
