Flex Space with Multiple Service
For Sale
$495,000
664 York Street, Aiken, SC 29801
SINGLE_FAMILY - Aiken, SC
Property Size7,824 SF
Lot Size1.48 Acres
Price / SF$63.27
Days on Market148
Property Features for 664 York Street
General Information
Property type
Residential
Property subtype
Office
Zoning
GB
Subdivision
Not In Subdivision
Lot features
Level
Directions
From Richland Avenue, go north on York Street for 0.8 mile. Property will be on the right. Columbia Avenue NE will be directly across the street.
Standard status
Active
APN
1201408002
Size
7,824 SF
Lot size
1.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT SOUTH OF YORK ST. S/S US #1
Legal Description
LOT SOUTH OF YORK ST. S/S US #1
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1980
Roof type
Metal
Listing Agency:
Newman Real Estate
(803) 474-2584
Listed By:
R. Dean Newman · License #281453
(706) 339-4379
Added: Mar 17
Changed: Aug 1
Last Checked: Aug 11 at 9:06AM
MLS# 98254910
Copyright © 2026 Hive MLS. 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 space commercial site includes three separate buildings on a 1.48-acre, nearly-level parcel. The front office building is approximately 1,260 SF, complemented by a repair shop of approximately 3,064 SF and a warehouse of approximately 3,500 SF. The property’s gravel lot can support a lay-down yard use and may also be used to store inventory or equipment. For security, the site is fenced, and the improvements benefit from public water and public sewer service. The roof is metal, and the property was built in 1980.
The site fronts a well-traveled thoroughfare with a traffic count of 10,500 per day. It is zoned GB (General Business) by the City of Aiken and located within Aiken City limits in Aiken County. The property sits just north of downtown Aiken, about 0.8 mile from Richland Avenue (Hwy 78), and roughly 5 miles from Interstate 20 (exit #18).
With the combination of office, repair shop, and warehouse space, the improvements would adapt well to service-oriented business operations that need both work space and storage.
The site fronts a well-traveled thoroughfare with a traffic count of 10,500 per day. It is zoned GB (General Business) by the City of Aiken and located within Aiken City limits in Aiken County. The property sits just north of downtown Aiken, about 0.8 mile from Richland Avenue (Hwy 78), and roughly 5 miles from Interstate 20 (exit #18).
With the combination of office, repair shop, and warehouse space, the improvements would adapt well to service-oriented business operations that need both work space and storage.
Key Highlights
- Zoned GB (General Business) within Aiken City limits
- Frontage on a well‑traveled thoroughfare with 10,500 vehicles per day
- Three buildings: office 1,260 SF, repair shop 3,064 SF, warehouse 3,500 SF
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
10,500 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,066
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
- 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 - Zoned GB with a fenced site featuring an office, repair shop, and warehouse buildings.
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: Zoned GB (General Business) within Aiken City limits; Frontage on a well‑traveled thoroughfare with 10,500 vehicles per day; Three buildings: office 1,260 SF, repair shop 3,064 SF, warehouse 3,500 SF
