Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Special Purpose Single Tenant Property Title is generated by Realmo AI

    223 Chesterfield Street, Aiken, SC 29801

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Special purpose single tenant commercial property available for rent.

    Type:Special Purpose
    Added:
    Dec 10, 2024
    Days on Market:
    529
    Last Refresh:
    May 12 at 9:08 pm

    Property Features for 223 Chesterfield Street

    General Information

    Standard status
    Active
    Property subtype
    Special Purpose

    Spaces For Lease

    at 223 Chesterfield Street Contact us

    We can help!

    Listing Contact
    Olga Page

    Listing agent Olga Page

    Listing office Haven Real Estate

    Listing date Dec 10, 2024

    Source Crexi

    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 Haven Real Estate

    HighLights

    • Single tenant
    • Special purpose

    Overview

    This special purpose commercial property is a single tenant building. The property is located on Chesterfield Street in Aiken, South Carolina.
    Location Intelligence

    Current Use by Public Records

    Affordables Apparel Clothing & Fashion Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.718289
    Latitude
    33.563785

    Nearby Similar for Lease

    • $1,950/Mo
      1,494 SF

      Free-Standing Brick Office Building

      Charming office building near downtown Aiken and Interstate 20.
      1598 Columbia Highway, Aiken, SC 29801
      View Details
    • $11,000/Mo
      7,000 SF

      Secure Aiken Office Building Available

      Move-in ready office building near Aiken Bypass with ample parking.
      900 Trail Ridge Road, Aiken, SC 29803
      View Details
    • $4,325/Mo
      2,595 SF

      Aiken Commercial Office Building

      Professional office space in a convenient, accessible Aiken location.
      160 Waterloo Street SW, Aiken, SC 29801
      View Details
    • $1,950/Mo
      1,494 SF

      Free-Standing Brick Office Building

      Charming office building near downtown Aiken and Interstate 20.
      1598 Columbia Highway N, Aiken, SC 29801
      View Details
    • $2,600/Mo
      1,500 SF

      Aiken Office Space For Rent

      Well-appointed office space available in South Aiken, SC.
      4259 Whiskey Road, Aiken, SC 29803
      View Details
    • $11,000/Mo
      7,000 SF

      Aiken Office Building For Lease

      Secure office building near Aiken Bypass, move-in ready condition.
      900 Trail Ridge Road, Aiken, SC 29803
      View Details
    • $3,772/Mo
      1,886 SF

      Aiken Office Space For Lease

      New build-out opportunity for office or medical space in Aiken.
      148 Waterloo Street SW, Aiken, SC 29801
      View Details
    • $4,810/Mo
      2,540 SF

      Aiken Office/Medical Space Available

      Office and medical suites available in a professional Aiken complex.
      5000 Woodside Executive Court, Aiken, SC 29803
      View Details
    • $400/Mo
      150 SF

      Office Suite For Rent Aiken

      Single office suite available for lease in Aiken, SC.
      1310 Pine Log Road, Aiken, SC 29803
      View Details
    • $4,810/Mo
      2,540 SF

      Aiken Office Space for Rent

      Renovated office space suitable for medical or administrative uses.
      5000 Woodside Executive Court, Aiken, SC 29803
      View Details
    • $2,000/Mo
      1,246 SF

      Aiken Office Space For Rent

      Office space in Aiken with hardwood floors and parking.
      228 Silver Bluff Road, Aiken, SC 29803
      View Details
    • $2,075/Mo
      1,120 SF

      Renovated Office Space Available

      Newly renovated office space for lease in Aiken, South Carolina.
      410 University Parkway, Aiken, SC 29801
      View Details

    FAQs

    What type of property is this?
    Specialty property - Special purpose single tenant commercial property available for rent.
    Where is this specialty property located?
    The property is located at 223 Chesterfield Street Aiken, SC.
    What are key features of this property?
    This property features: Single tenant; Special purpose
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Olga Page
    Learn More
    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
    223 Chesterfield Street, 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!