Multi-Building Flex
For Sale
$495,000
664 York Street, Aiken, SC 29801
Three-building commercial site with office, repair, and warehouse components, fenced grounds, and GB zoning.
Property Size7,824 SF
Lot Size1.48 Acres
Days on Market166
Property Features for 664 York Street
General Information
Standard status
Active
Size
7,824 SF
Lot size
1.48 Acres
Property subtype
Commercial
Zoning
GB
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
3,500 SF
Office Build-Out
1,260 SF
Building Details
Building Size
7,824 SF
Year Built
1980
Buildings
3
Listing Agency:
Newman Real Estate
(706) 339-4379
Listed By:
R. Dean Newman · License #281453
(706) 339-4379
Source:
Thomasrealtysold
Added: Mar 17
Changed: Aug 29
Last Checked: Aug 25 at 7:39AM
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 Newman Real Estate
Investment Insights
Based on property information with market context.
This flex-space property includes three separate improvements totaling 7,824 SF: a 1,260 SF front office, a 3,064 SF repair shop, and a 3,500 SF warehouse. The nearly level 1.48-acre site also provides a gravel area suitable for equipment or inventory storage, along with fencing and public water and sewer service. Built in 1980, the property has a commercial configuration that combines administrative, service, and storage functions in one location.
The site is within Aiken city limits in Aiken County, just north of Downtown Aiken. It fronts a thoroughfare carrying 10,500 vehicles per day and is 0.8 mile from Richland Avenue (Hwy 78). Interstate-20 access is approximately 5 miles away via exit #18.
The site is within Aiken city limits in Aiken County, just north of Downtown Aiken. It fronts a thoroughfare carrying 10,500 vehicles per day and is 0.8 mile from Richland Avenue (Hwy 78). Interstate-20 access is approximately 5 miles away via exit #18.
Key Highlights
- Three‑building configuration includes 1,260 SF office, 3,064 SF repair shop, and 3,500 SF warehouse
- 1.48‑acre nearly level site with gravel area for inventory, equipment, or lay‑down storage
- GB - General Business zoning within the City of Aiken
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
$35,641
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
7.20%
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%
$712,820
$712.8K
Cap Rate 7%
$509,157
$509.2K
Cap Rate 9%
$396,011
$396.0K
Market Conditions
NOI Build-Up for 7,824 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
$54.5K $6.96/SF
− Vacancy
−$3.5K −$0.45/SF
EGI
$50.9K $6.51/SF
− OpEx
−$15.3K −$1.95/SF
NOI
$35.6K $4.56/SF
Area
Aiken County, SC
Vacancy
6.50%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
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%
$712,820
Cap Rate 7%
$509,157
Cap Rate 9%
$396,011
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,714 @ 7.0% cap · market cap 16.31%
Second Best
Retail
$1.08M
$944.4K – $1.26M
NOI $75,554 @ 7.0% cap · market cap 15.26%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,568 @ 7.0% cap · market cap 21.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Well-served
Demand for This Use
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.
Similar Off Market Nearby
- Fuse Mobile — 222 The Alley SW, Aiken, SC 29801
- Nikki’s Kitchen — Nikki’S Kitchen, 123, Aiken, SC 29801
- Catering by The Deft Chef — 791 York St NE, Aiken, SC 29801
Frequently Asked Questions
What type of property is this?
Flex space - Three-building commercial site with office, repair, and warehouse components, fenced grounds, and GB zoning.
Where is this flex space located?
The property is located at 664 York Street Aiken, SC.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three‑building configuration includes 1,260 SF office, 3,064 SF repair shop, and 3,500 SF warehouse; 1.48‑acre nearly level site with gravel area for inventory, equipment, or lay‑down storage; GB - General Business zoning within the City of Aiken
