Fenced Flex Space with
For Sale
$1,100,000
4251 Whiskey Road, Aiken, SC 29803
Commercial Sale, Aiken, SC
Property Size3,970 SF
Lot Size1.16 Acres
Price / SF$277.08
Days on Market93
Property Features for 4251 Whiskey Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
UD
Parking
20
Parking features
Carport
Security features
Security System
Window features
Insulated Windows, Window Coverings
Interior features
Security System
Fencing
Chain Link
Lot features
Corner Lot, Landscaped, Level, Corner Lot, Landscaped, Level
Directions
From downtown Aiken, head south on Whiskey Rd, property is on the right, across from Dukes BBQ.
Subdivision
SW
Standard status
Active
APN
140-13-07-001
Size
3,970 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Description
4 MI PINE LOG ON W.S. HWY 19
Legal Description
4 MI PINE LOG ON W.S. HWY 19
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Forced Air
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2009
Floors in Building
1
Flooring type
Laminate, Concrete
Building materials
Metal Siding, Vinyl Siding, Wood Siding
Roof type
Metal, Shingle
Listing Agency:
Coldwell Banker Best Life Realty
(803) 644-5050
Listed By:
Erika Toole Ramsey · License #52728
(803) 439-1710
Added: Jun 2
Changed: Aug 19
Last Checked: Sep 2 at 10:06AM
MLS# 223801
Copyright © 2026 Aiken Association of REALTORS®. 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 flex property includes two buildings totaling 3,970 square feet on 1.16 acres. The 2009 metal pole building contains reception and office areas, a warehouse with three bay doors and 18-foot ceilings, two walk-in doors, a bathroom, washer/dryer hookups, and HVAC. The second building measures approximately 1,810 square feet and is arranged as two separate office, retail, or rental spaces, with two bathrooms, an attached rear shed, two HVAC systems, and separate electric meters. Construction includes metal, vinyl, and wood siding, with metal and shingle roofing, laminate and concrete flooring, and a secured six-foot chain-link fence. A metal carport measures 18 by 22 feet.
The property is zoned UD and served by public water with separate septic systems. It provides approximately 198 feet of frontage on Whiskey Road, approximately 218 feet on Woodvine Road, and two driveways. One warehouse suite and one office or retail side are leased under NNN arrangements, while the second office or retail side is owner occupied.
The property is zoned UD and served by public water with separate septic systems. It provides approximately 198 feet of frontage on Whiskey Road, approximately 218 feet on Woodvine Road, and two driveways. One warehouse suite and one office or retail side are leased under NNN arrangements, while the second office or retail side is owner occupied.
Key Highlights
- 3,970 SF across two buildings on 1.16 acres
- 2,160 sq ft 2009 warehouse with 3 bay doors and 18 ft ceilings
- Approximately 1,810 sq ft divided into two office, retail, or rental spaces
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
100%
Occupancy
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 buildings combine warehouse, office, retail, and rental configurations with public water, separate septic systems, and multiple HVAC units.
Where is this flex space located?
The property is located at 4251 Whiskey Road 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 sq ft 2009 warehouse with 3 bay doors and 18 ft ceilings; Approximately 1,810 sq ft divided into two office, retail, or rental spaces
