Office Suite Under
For Sale
Contact for pricing
Pending
410 UNIVERSITY PKWY, Aiken, SC 29801
Office-zoned space planned for combination with Suite 1200 as a medical education facility.
Property Size1,120 SF
Days on Market20
Property Features for 410 UNIVERSITY PKWY
General Information
Standard status
Pending
Size
1,120 SF
Class
A
Total Parking Spaces
300
Property subtype
Office
Zoning
Office
Occupancy
100%
Lease Type
NNN
Net Operating Income
$19,800
Building Details
Year Built
1985
Year Renovated
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
RE/MAX Tattersall Group
(803) 439-6559
Listed By:
Tad Barber · License #2264
Source:
Crexi
Added: Aug 10
Changed: Aug 22
Last Checked: Aug 21 at 6:40AM
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 RE/MAX Tattersall Group
Investment Insights
Based on property information with market context.
Suite 1300 is an office unit within the Aiken Medical Building and is currently being renovated at the tenant’s cost. The suite contains 1,120 square feet and is designated Office under the property’s zoning. A planned combination with Suite 1200 would create a medical education facility for residents at Aiken Regional Medical Center.
The property is located at 410 University Pkwy in Aiken, South Carolina. Aiken Regional Medical Center is adjacent to the Aiken Medical Building. Occupancy-related responsibilities assigned to the tenant include regime charges, property taxes, contents and condo insurance, and janitorial service. The property is broker-owned and was built in 1985.
The property is located at 410 University Pkwy in Aiken, South Carolina. Aiken Regional Medical Center is adjacent to the Aiken Medical Building. Occupancy-related responsibilities assigned to the tenant include regime charges, property taxes, contents and condo insurance, and janitorial service. The property is broker-owned and was built in 1985.
Key Highlights
- 1,120‑square‑foot office unit in the Aiken Medical Building
- Suite 1300 is planned to adjoin Suite 1200
- Intended medical education facility for Aiken Regional Medical Center residents
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
$11,554
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
4.67%
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%
$231,080
$231.1K
Cap Rate 7%
$165,057
$165.1K
Cap Rate 9%
$128,378
$128.4K
Market Conditions
NOI Build-Up for 1,120 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
$16.8K $15.00/SF
− Vacancy
−$1.4K −$1.25/SF
EGI
$15.4K $13.76/SF
− OpEx
−$3.9K −$3.44/SF
NOI
$11.6K $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%
$231,080
Cap Rate 7%
$165,057
Cap Rate 9%
$128,378
Alternative Uses
Best Use
Office B
$165.1K
$144.4K – $192.6K
NOI $11,554 @ 7.0% cap · market cap 4.67%
Second Best
Healthcare Medical
$37.0K
$32.4K – $43.2K
NOI $2,593 @ 7.0% cap · market cap 1.05%
Theoretical Best
Office A
$215.9K
$188.9K – $251.9K
NOI $15,112 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office-zoned space planned for combination with Suite 1200 as a medical education facility.
Where is this office units located?
The property is located at 410 UNIVERSITY PKWY 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: 1,120‑square‑foot office unit in the Aiken Medical Building; Suite 1300 is planned to adjoin Suite 1200; Intended medical education facility for Aiken Regional Medical Center residents
