Fenced Flex Property with
New
For Sale
$1,100,000
4251 Whiskey Rd, Aiken, SC 29803
Two-building commercial asset combining office, retail, warehouse, and service-bay components with flexible occupancy arrangements.
Property Size3,970 SF
Price / SF$277.08
Days on Market6
Property Features for 4251 Whiskey Rd
General Information
Standard status
Active
Size
3,970 SF
Zoning
UD
Site & Location
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$58,320
Clear Height
18 ft
Office Units
3
Building Details
Year Built
2009
Buildings
2
Building Size
3,970 SF
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Coldwell Banker Best Life Realty
(803) 439-1710
Listed By:
Erika Toole Ramsey · License #52728
Source:
Vandermorganrealty
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 28 at 7:14PM
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 Coldwell Banker Best Life Realty
Investment Insights
Based on property information with market context.
This flex property includes two buildings totaling 3,970 square feet on 1.16 acres. The 2009 metal pole building contains reception and office areas, warehouse space, three bay doors, 18-foot ceilings, two walk-in doors, a bathroom, washer/dryer hookups, and HVAC. A second building of approximately 1,810 square feet is configured as two separate office or retail spaces, with two bathrooms, two HVAC systems, separate electric meters, wood siding, and an attached rear shed. One side is leased and the other is owner occupied.
The property has approximately 198 feet of frontage on Whiskey Rd and approximately 218 feet on Woodvine Rd, with two driveways. It is secured by a 6-foot chain-link fence and includes an 18x22 metal carport. Zoning is UD, with city water and separate septic systems. The seller will retain approximately 0.10 acres before closing.
The property has approximately 198 feet of frontage on Whiskey Rd and approximately 218 feet on Woodvine Rd, with two driveways. It is secured by a 6-foot chain-link fence and includes an 18x22 metal carport. Zoning is UD, with city water and separate septic systems. The seller will retain approximately 0.10 acres before closing.
Key Highlights
- 3,970 SF across two buildings on 1.16 acres
- 2,160 SF warehouse building constructed in 2009
- Three bay doors, 18 ft ceilings, and two walk‑in doors
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
$40,956
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
3.72%
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%
$819,120
$819.1K
Cap Rate 7%
$585,086
$585.1K
Cap Rate 9%
$455,067
$455.1K
Market Conditions
NOI Build-Up for 3,970 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
$59.6K $15.00/SF
− Vacancy
−$4.9K −$1.25/SF
EGI
$54.6K $13.76/SF
− OpEx
−$13.7K −$3.44/SF
NOI
$41.0K $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%
$819,120
Cap Rate 7%
$585,086
Cap Rate 9%
$455,067
Alternative Uses
Best Use
Office B
$585.1K
$512.0K – $682.6K
NOI $40,956 @ 7.0% cap · market cap 3.72%
Second Best
Retail
$547.7K
$479.2K – $639.0K
NOI $38,337 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$765.2K
$669.6K – $892.8K
NOI $53,566 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
3
Office units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial asset combining office, retail, warehouse, and service-bay components with flexible occupancy arrangements.
Where is this flex space located?
The property is located at 4251 Whiskey Rd Aiken, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,970 SF across two buildings on 1.16 acres; 2,160 SF warehouse building constructed in 2009; Three bay doors, 18 ft ceilings, and two walk‑in doors
