Building Details

Building Size 635 SF

Year Built 1980

Units 1

Listing Agency: Mckinney Properties, Llc Of Sc

Listed By: Amanda Poston McKinney · License #84554 Show Phone

Source: Eddymyers

Added: Oct 20 Changed: Oct 23 Last Checked: Oct 23 at 3:38PM

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Investment Insights

Based on property information with market context.

This 0.67-acre commercial land parcel in Monetta, South Carolina, includes a 1,624-square-foot building constructed in 1980. The structure requires complete interior and exterior renovation. The site is positioned along Columbia Highway N at 5541 Columbia Highway N.

Municipal water is connected, and an on-site septic system serves the property. Historical underground storage tanks have been removed, and the site has an official No Further Action letter from SCDHEC.

Key Highlights

• 0.67‑acre parcel along Columbia Highway N
• Existing 1,624‑square‑foot building constructed in 1980; full interior and exterior renovation required
• Municipal water connection and on‑site septic system

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,132

Cap Rate

8.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$122,640 $122.6K

Cap Rate 7%

$87,600 $87.6K

Cap Rate 9%

$68,133 $68.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 635 SF

Gross rent

$9.1K $14.40/SF

− Vacancy

−$384 −$0.60/SF

EGI

$8.8K $13.80/SF

− OpEx

−$2.6K −$4.14/SF

NOI

$6.1K $9.66/SF

Area

Aiken County, SC

Vacancy

4.20%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$122,640

Cap Rate 7%

$87,600

Cap Rate 9%

$68,133

Alternative Uses

Best Use

Retail

$87.6K

$76.7K – $102.2K (±1% cap)

NOI $6,132 @ 7.0% cap · market cap 8.18%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$122.4K

$107.1K – $142.8K (±1% cap)

NOI $8,568 @ 7.0% cap · market cap 11.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store Big Box & Wholesale Store Grocery & Convenience Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,005 visits/mo 0.2 miles

Demographics for 29105, SC

1,433

Population

586

Households

2.4

Avg Household Size

44

Median Age

9%

College-Educated

86%

High-School Grad

30.6 sq mi

ZIP Area

47

Density / Sq Mi

$92,031

Median Household Income

$42,988

Median Earnings

$1,024

Median Rent

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Commercial land - Municipal water and an on-site septic system serve the parcel along Columbia Highway N.

Where is this commercial land located?

The property is located at 5541 Columbia Highway N Monetta, SC.

What is the asking price?

The asking price for this property is $75,000.

What are key features of this property?

This property features: 0.67‑acre parcel along Columbia Highway N; Existing 1,624‑square‑foot building constructed in 1980; full interior and exterior renovation required; Municipal water connection and on‑site septic system