Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    905 Murrah Dr Aiken, SC 29803

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1,702 SF, 1.2-acre lot, prime location.

    Property size:
    1,702 SF

    Property Features for 905 Murrah Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,702 SF
    Lot Size
    52,272 SF

    We can help!

    Listing Contact
    Michael S. McNeill
    Michael S. McNeill

    Listing Agency: Coward & McNeill Real Estate LLC Listing Agent: Michael S. McNeill

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional mixed-use property in Aiken, South Carolina, presents a compelling investment opportunity. Located at 905 Murrah Dr, Aiken, SC 29803, this 1.702 square foot assemblage sits on a 1.2-acre lot and offers significant potential for redevelopment. Currently featuring a small existing home easily adaptable for commercial use, the property is zoned for Urban Development (UD), allowing for a variety of commercial ventures. Its strategic location near Aiken Towne Park and numerous restaurants provides immediate access to a thriving community. The property enjoys high visibility and convenient access to major thoroughfares, including Whiskey Road and Silver Bluff Road, situated near the intersection of Whiskey Road and Dougherty Road, adjacent to a Taco Bell. This prime location in Aiken's Southside offers easy access to a large customer base and presents a lucrative opportunity for investors seeking to capitalize on the area's growth. The asking price is $599,000. This property is ideal for entrepreneurs seeking to establish a new business or for investors looking to expand their portfolio in a high-demand area. Don't miss this chance to secure a valuable asset in a rapidly developing part of Aiken.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.7155108
    Latitude
    33.513392

    Nearby Similar for Sale

    • New
      $244,900
      1,204 SF

      Aiken Commercial Property For Sale

      Commercial property in downtown Aiken with high visibility and accessibility.
      333 Newberry St NW, Aiken, SC 29801
      View Details
    • $250,000
      2,438 SF

      Versatile Multi-Use Property on Acreage

      Income-producing property with potential for retail, restaurant, or event venue.
      144 Good Springs Rd, Aiken, SC 29801
      View Details
    • $244,900
      1,204 SF

      Aiken Commercial Property on Newberry

      Commercial property in downtown Aiken suitable for various business uses.
      333 NW Newberry St, Aiken, SC 29801
      View Details
    • $585,000
      3,894 SF

      Aiken Office Space For Sale

      Office space in high-traffic, visible area with multiple options.
      1314 Pine Log Rd, Aiken, SC 29803
      View Details
    • $329,900
      2,642 SF

      Aiken Office/Retail Space Available

      Office or retail space in Aiken, South Carolina.
      410 University Pkwy Unit, Aiken, SC 29801
      View Details
    • $1,699,000
      4,125 SF

      Historic Bed & Breakfast Landmark

      Charming B&B with cottages, pool, and event venue.
      3083 Charleston Hwy, Aiken, SC 29801
      View Details
    • $1,699,000
      4,125 SF

      Historic Aiken Bed & Breakfast

      Landmark bed and breakfast with cottages and event venue.
      3083 Charleston Hwy, Aiken, SC 29801
      View Details
    • $750,000
      6,464 SF

      Aiken Office Building For Sale

      Mid-century office building with redevelopment potential in historic Aiken.
      120 Morgan St NW, Aiken, SC 29801
      View Details
    • $839,900
      1,500 SF

      Downtown Aiken Commercial Office Space

      Prime 1,500 sq ft office space in downtown Aiken.
      149 Chesterfield St S, Aiken, SC 29801
      View Details
    • $355,000
      1,214 SF

      Prime Commercial Property in Aiken

      Highly visible commercial property with flexible retail or office space.
      877 Dougherty Rd, Aiken, SC 29803
      View Details
    • $575,000
      3,500 SF

      Aiken Mixed-Use Investment Opportunity

      2.8 acres with multiple income-producing properties in Aiken, SC.
      25 Augusta Rd, Aiken, SC 29801
      View Details
    • $850,000
      3,049 SF

      Historic Downtown Aiken Commercial Building

      Two-story commercial building in downtown Aiken with mixed-use potential.
      344 Park Ave SE, Aiken, SC 29801
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 1,702 SF, 1.2-acre lot, prime location.
    Where is this individual retail property located?
    The property is located at 905 Murrah Dr Aiken, SC.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price.; 1,702 square feet, mixed-use building (Medical Office, Storefront, Traditional Office).; 1.2-acre lot in Aiken, SC.
    (803) 645-1480 Call to check price and availability
    Request Owner's contact information
    905 Murrah Dr Aiken, SC 29803
    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.
    905 Murrah Dr
    Aiken, SC 29803
    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
    905 Murrah Dr Aiken, SC 29803
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael S. McNeill
    Michael S. McNeill
    Real Estate License ID: 95939
    (803) 645-1480
    Learn more
    Google sign-in failed. Please try again or use another login method.