Auto Shop Property With
For Sale
$495,000
664 York Street NE, Aiken, SC 29801
COMMERCIAL - Aiken, SC
Property Size7,824 SF
Lot Size1.48 Acres
Price / SF$63.27
Days on Market150
Property Features for 664 York Street NE
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
GB (General Business)
Lot features
Corner Lot, Level, Corner Lot, 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.
Subdivision
NE
Standard status
Active
APN
1201408002
Size
7,824 SF
Lot size
1.48 Acres
Taxes and HOA fees
Tax Description
Lot South Of York St.
Legal Description
Lot South Of York St.
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Flooring type
Concrete, Carpet
Building materials
Block, Drywall, Frame, Wood Siding
Roof type
Metal
Additional Structures
Outbuilding
Listing Agency:
Newman Real Estate
(803) 474-2584
Listed By:
Robert Dean Newman · License #281453
(706) 339-4379
Added: Mar 17
Changed: Aug 4
Last Checked: Aug 13 at 11:06AM
MLS# 222325
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 commercial property combines three buildings on a nearly level 1.48-acre site. Improvements include a 1,260-square-foot office, a 3,064-square-foot repair shop, and a 3,500-square-foot warehouse, providing a mix of administrative, service, and storage areas. Concrete and carpet flooring, forced-air heating, central air, and a metal roof are among the reported building features. The site has fencing, a gravel outdoor area, public water, and public sewer service.
Within Aiken city limits, the property sits just north of downtown and fronts a thoroughfare carrying 10,500 vehicles per day. Richland Avenue (Hwy 78) is 0.8 mile away, while Interstate-20 access at exit #18 is 5 miles from the site. The property is zoned GB - General Business by the City of Aiken and has operated as a used-car business for the last twenty five years.
Within Aiken city limits, the property sits just north of downtown and fronts a thoroughfare carrying 10,500 vehicles per day. Richland Avenue (Hwy 78) is 0.8 mile away, while Interstate-20 access at exit #18 is 5 miles from the site. The property is zoned GB - General Business by the City of Aiken and has operated as a used-car business for the last twenty five years.
Key Highlights
- 1.48‑acre site with 7,824 square feet across three buildings
- 1,260 SF office, 3,064 SF repair shop, and 3,500 SF warehouse
- 10,500 vehicles per day on the fronting thoroughfare
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
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,187
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
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- TLC Transmissions & Auto Repair — 760 york st ne, aiken, sc 29801
- Binswanger Glass — Aiken, SC 29801
- York Street Tire Pros — 525 York St NE, Aiken, SC 29801
Frequently Asked Questions
What type of property is this?
Auto shop - Fenced commercial site with office, repair, storage, and outdoor equipment or inventory space in a business-zoned setting.
Where is this auto shop located?
The property is located at 664 York Street NE 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: 1.48‑acre site with 7,824 square feet across three buildings; 1,260 SF office, 3,064 SF repair shop, and 3,500 SF warehouse; 10,500 vehicles per day on the fronting thoroughfare
