Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Home in Gated Community Title is generated by Realmo AI

    616 Clarendon Place, Aiken, SC 29801

    View on Map
    Claim this Listing
    For Sale
    $249,000

    MULTI_FAMILY - Aiken, SC

    Property size:
    1,811 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $137/SF
    Added:
    Dec 10, 2025
    Days on Market:
    164
    Last Refresh:
    May 23 at 4:06 pm

    Property Features for 616 Clarendon Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
    Parking features
    Open, Driveway
    Patio and Porch features
    Porch
    Interior features
    Walk-In Closet(s), Bedroom on 1st Floor, Cathedral Ceiling(s), Primary Downstairs
    Appliances
    Range, Self Cleaning Oven
    Standard status
    Active
    APN
    0871612016
    Size
    1,811 SF
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1985
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Laminate
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Pat A Roberts
    Pat A Roberts

    Listing agent Pat A Roberts License #SC24636

    Listing office Woodside - Aiken Realty LLC 1419 Silver Bluff Road, Aiken, SC

    Listing date Dec 10, 2025

    MLS# 220827 Listing URL

    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.

    HighLights

    • Exclusive 55+ gated community offering secure and active living.
    • All brick, one‑level home for easy accessibility and low maintenance.
    • Comprehensive amenities: pool, tennis/pickleball, clubhouse with kitchen, library, billiards, workout room, and beauty salon.
    • Updated 2 BR/2 Bath layout with vaulted ceilings, laundry room, and flex space.
    • Maintenance‑free yard and landscaping.
    • Convenient location and active community with weekly events.

    Overview

    This updated home is located within an exclusive gated community designed for 55+ living, featuring tree-lined streets. The property includes access to a member-only swimming pool, tennis/pickleball courts, a community pond, and a green space. The centrally located clubhouse offers a large gathering room with a fully-equipped kitchen, a library, a billiards room, a workout room, and a beauty salon. The all-brick, one-level home features 2 bedrooms and 2 bathrooms, vaulted ceilings, a laundry room, and a flex space. The primary ensuite and guest room provide comfortable accommodations. The great room opens to a screened porch. The galley-style kitchen includes abundant cabinetry. The property is surrounded by a maintenance-free yard and landscaping. The community offers weekly events and convenient amenities for a healthy, active lifestyle.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $159.3K
    NOI $14,335 @ 9.00% cap · cautious / downside scenario
    Moderate
    $204.8K
    NOI $14,335 @ 7.00% cap · market / base-case scenario
    Aggressive
    $286.7K
    NOI $14,335 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $27.8k $15.36
    − Vacancy −$1.8k −$0.97
    EGI $26.1k $14.39
    − OpEx −$11.7k −$6.48
    NOI $14.3k $7.92
    1,811 SF · lease $15.36/SF/yr · vacancy 6.30% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $204.8K
    $179.2K – $238.9K (±1% cap)
    NOI $14,335 @ 7.0% cap · market cap 5.76%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $349.1K
    $305.4K – $407.3K (±1% cap)
    NOI $24,435 @ 7.0% cap · market cap 9.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Senior Housing / Retirement ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.756588
    Latitude
    33.571683

    Nearby Similar for Sale

    • $850,000
      9,012 SF

      Freestanding Commercial Site in Aiken

      Well-located commercial property with redevelopment potential in Aiken, SC.
      1110 Richland Avenue E, Aiken, SC 29801
      View Details
    • $495,000
      7,824 SF

      Aiken Commercial Site For Sale

      Three buildings on 1.48 acres near downtown Aiken.
      664 York Street NE, Aiken, SC 29801
      View Details
    • $1,200,000
      4,044 SF

      Turn-Key Dental Office in Aiken

      Well-appointed dental office near downtown and I-20.
      1466 Columbia Highway, Aiken, SC 29801
      View Details
    • $1,200,000
      4,044 SF

      Turn-Key Dental Office in Aiken

      Well-appointed dental office with prime location and included equipment.
      1466 Columbia Highway N, Aiken, SC 29801
      View Details
    • $750,000
      6,464 SF

      Aiken Office Building For Sale

      Mid-century office building with redevelopment potential in historic Aiken.
      120 Morgan Street NW, Aiken, SC 29801
      View Details
    • $585,000
      3,894 SF

      Aiken Office Space For Sale

      High-visibility office space with flexible layout in Aiken, South Carolina.
      1314 Pine Log Road, Aiken, SC 29803
      View Details
    • $495,000
      7,824 SF

      Aiken Commercial Site For Sale

      Three buildings on 1.48 acres near downtown Aiken.
      664 York Street, Aiken, SC 29801
      View Details
    • $329,900
      2,642 SF

      Aiken Office/Retail Space Available

      Office or retail space in Aiken, South Carolina.
      410 University Parkway, Aiken, SC 29801
      View Details
    • $575,000
      3,500 SF

      Aiken Mixed-Use Investment Opportunity

      2.8 acres with multiple income-producing properties in Aiken, SC.
      25 Augusta Road, Aiken, SC 29801
      View Details
    • $355,000
      1,214 SF

      Prime Commercial Property in Aiken

      Highly visible commercial property with flexible retail or office space.
      877 Dougherty Road, Aiken, SC 29803
      View Details
    • $329,000

      Equestrian Property Ready for Development

      10-acre equestrian property with barns and riding arena near venues.
      208 Frontage Road, Aiken, SC 29801
      View Details
    • $1,750,000
      9,094 SF

      Aiken Medical Office Building For Sale

      9,000 SF medical office building in Aiken's Southside corridor.
      191 Centre S Boulevard, Aiken, SC 29803
      View Details

    FAQs

    What type of property is this?
    Senior housing / Retirement Home - Updated 2BR/2Bath home in a gated 55+ community.
    Where is this senior housing / retirement home located?
    The property is located at 616 Clarendon Place Aiken, SC.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Exclusive 55+ gated community offering secure and active living.; All brick, one‑level home for easy accessibility and low maintenance.; Comprehensive amenities: pool, tennis/pickleball, clubhouse with kitchen, library, billiards, workout room, and beauty salon.
    (803) 270-1730
    We can help!
    Listing Contact
    Pat A Roberts
    Pat A Roberts
    Real Estate License ID: SC24636
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    616 Clarendon Place, Aiken, SC 29801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!