Single-Story Office
For Sale
$995,000
Pending
725 Edgefield Road, Belvedere, SC 29841
Commercial Sale, Belvedere, SC
Property Size6,889 SF
Lot Size2.50 Acres
Days on Market367
Property Features for 725 Edgefield Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
UD
Parking
40
Directions
For downtown Aiken, west on Jefferson Davis Hwy, northwest on Belvedere Clearwater Rd, north on Edgefield Hwy, property on right.
Subdivision
SW
Standard status
Pending
APN
011-10-07-009
Size
6,889 SF
Lot size
2.50 Acres
Taxes and HOA fees
Tax Description
Pursuant to the legal instrument, the deed.
Legal Description
Pursuant to the legal instrument, the deed.
Amenities
elevated and partially covered deck
designated men's and women's commercial restrooms
full bathroom with shower
Building Details
Year built
1993
Floors in Building
1
Listing Agency:
Coward & McNeill Real Estate, LLC
(803) 648-8298
Listed By:
Erin Truitt · License #134101
(803) 507-1098
Added: Aug 22, 2025
Changed: Aug 19
Last Checked: Aug 23 at 12:06AM
MLS# 219158
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.
The property is a 6,889-square-foot, single-story office building and activities center constructed in 1993. Interior features include designated men's and women's commercial restrooms plus a full bathroom with a shower. Site improvements include an elevated, partially covered deck; three portable outbuildings; two septic tanks; asphalt paving; concrete curbing; signage; and 38 striped parking spaces with two handicap spaces. Two curb cuts provide separate points for ingress and egress.
The 2.5-acre property is located 0.88 mile from I-520 and 1.24 miles from north I-20. It is also 6.8 miles from the Augusta Medical District, 12 miles from the Aiken Medical District, 4 miles from Downtown North Augusta, and 15 miles from Downtown Aiken.
The existing configuration supports office, medical service, childcare, satellite campus, and spa-related applications as identified for the property.
The 2.5-acre property is located 0.88 mile from I-520 and 1.24 miles from north I-20. It is also 6.8 miles from the Augusta Medical District, 12 miles from the Aiken Medical District, 4 miles from Downtown North Augusta, and 15 miles from Downtown Aiken.
The existing configuration supports office, medical service, childcare, satellite campus, and spa-related applications as identified for the property.
Key Highlights
- 6,889‑square‑foot single‑story office building and activities center, constructed in 1993
- 2.5‑acre site with 38 striped parking spaces plus two handicap spaces
- Elevated and partially covered deck with three portable outbuildings
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
$71,069
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
7.14%
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%
$1,421,380
$1.4M
Cap Rate 7%
$1,015,271
$1.0M
Cap Rate 9%
$789,656
$789.7K
Market Conditions
NOI Build-Up for 6,889 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
$103.3K $15.00/SF
− Vacancy
−$8.6K −$1.25/SF
EGI
$94.8K $13.76/SF
− OpEx
−$23.7K −$3.44/SF
NOI
$71.1K $10.32/SF
Area
Aiken County, SC
Vacancy
8.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,421,380
Cap Rate 7%
$1,015,271
Cap Rate 9%
$789,656
Alternative Uses
Best Use
Office B
$1.02M
$888.4K – $1.18M
NOI $71,069 @ 7.0% cap · market cap 7.14%
Second Best
Healthcare Medical
$227.8K
$199.4K – $265.8K
NOI $15,949 @ 7.0% cap · market cap 1.60%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,952 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Explore this area
Business Placement
Demographics for 29841, SC
32,919
Population
16,474
Households
2
Avg Household Size
40
Median Age
32%
College-Educated
93%
High-School Grad
31.9 sq mi
ZIP Area
1,032
Density / Sq Mi
$72,811
Median Household Income
$46,447
Median Earnings
$1,050
Median Rent
$186,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office facility with dedicated parking, commercial restrooms, and multiple supporting site improvements.
Where is this office building located?
The property is located at 725 Edgefield Road Belvedere, SC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6,889‑square‑foot single‑story office building and activities center, constructed in 1993; 2.5‑acre site with 38 striped parking spaces plus two handicap spaces; Elevated and partially covered deck with three portable outbuildings
