Multi-Building Storefront
For Sale
$1,890,000
949-951 Dougherty Street, Aiken, SC 29803
Commercial Sale, Aiken, SC
Property Size6,575 SF
Lot Size2.12 Acres
Price / SF$287.45
Days on Market228
Property Features for 949-951 Dougherty Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
UD
Parking
50
Security features
Security System
Lot features
Corner Lot, Corner Lot
Directions
From downtown Aiken Take whiskey Rd to Doughtery Rd. Right onto Doughtery Rd then proceed to property on the left.
Subdivision
SW
Standard status
Active
APN
1062004004, 005, 006, 007, 008
Size
6,575 SF
Lot size
2.12 Acres
Taxes and HOA fees
Tax Description
Lot 1 Blk O Millbrook
Legal Description
Lot 1 Blk O Millbrook
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2017
Floors in Building
1
Flooring type
Concrete, Vinyl
Building materials
Metal Siding, Block, Frame, Wood Siding
Roof type
Metal
Listing Agency:
RE/MAX Tattersall Group · RE/MAX International
(803) 226-0036
Listed By:
Tad D Barber · License #2264
(803) 439-6559
Added: Jan 14
Changed: Aug 24
Last Checked: Aug 30 at 9:06AM
MLS# 221305
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 storefront property comprises multiple buildings totaling 6,575 square feet across a 2.12-acre parcel. The improvements were built in 2017 and include metal siding, block, frame, and wood siding construction, with concrete and vinyl flooring. Building systems include central air, heat pump heating, a metal roof, public water, and septic service.
The property is positioned along Dougherty Street in south Aiken, within Aiken County rather than the city limits. Existing buildings are leased and occupied, and the owner has indicated willingness to lease back. Showings are available by appointment, with an NDA potentially required for access to financial information.
The property is positioned along Dougherty Street in south Aiken, within Aiken County rather than the city limits. Existing buildings are leased and occupied, and the owner has indicated willingness to lease back. Showings are available by appointment, with an NDA potentially required for access to financial information.
Key Highlights
- 6,575‑square‑foot property on 2.12 acres
- Multiple buildings with existing leased and occupied space
- Located along Dougherty Street in south 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
$63,492
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
3.36%
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%
$1,269,840
$1.3M
Cap Rate 7%
$907,029
$907.0K
Cap Rate 9%
$705,467
$705.5K
Market Conditions
NOI Build-Up for 6,575 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
$94.7K $14.40/SF
− Vacancy
−$4.0K −$0.60/SF
EGI
$90.7K $13.80/SF
− OpEx
−$27.2K −$4.14/SF
NOI
$63.5K $9.66/SF
Area
Aiken County, SC
Vacancy
4.20%
Lease Rate
$14.40 /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%
$1,269,840
Cap Rate 7%
$907,029
Cap Rate 9%
$705,467
Alternative Uses
Best Use
Retail
$907.0K
$793.7K – $1.06M
NOI $63,492 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,715 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
294k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 52%
Superstores 32%
Shops & Services 13%
Dining 1%
Walmart
Superstores
95,186 visits/mo
0.4 miles
Academy Sports + Outdoors
Apparel
54,981 visits/mo
0.4 miles
T.J. Maxx
Apparel
48,277 visits/mo
0.4 miles
Circle K
Shops & Services
24,078 visits/mo
0.5 miles
Ross Dress for Less
Apparel
22,146 visits/mo
0.4 miles
Demographics for 29803, SC
40,056
Population
17,920
Households
2.2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
127.5 sq mi
ZIP Area
314
Density / Sq Mi
$82,933
Median Household Income
$42,961
Median Earnings
$1,146
Median Rent
$271,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kroger Floral — 1795 Whiskey Rd, Aiken, SC 29803
Frequently Asked Questions
What type of property is this?
Storefront property - Occupied commercial improvements on a sizable Dougherty Road parcel with public water and convenient county location.
Where is this storefront property located?
The property is located at 949-951 Dougherty Street Aiken, SC.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 6,575‑square‑foot property on 2.12 acres; Multiple buildings with existing leased and occupied space; Located along Dougherty Street in south Aiken
