Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Aiken Land on Banks Mill Title is generated by Realmo AI

    Banks Mill Road, Aiken, SC 29803

    View on Map
    Claim this Listing
    For Sale
    $1,286,600

    LAND - Aiken, SC

    Lot size:
    36.76 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    71
    Last Refresh:
    Jun 2 at 4:06 am

    Property Features for Banks Mill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RUD
    Standard status
    Active
    APN
    1571001002
    Lot size
    36.76 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PT BANKS MILL PROPERTIES

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    R. Dean Newman
    R. Dean Newman

    Listing agent R. Dean Newman License #281453

    Listing office Newman Real Estate 3540 Wheeler Road, Augusta, SC

    Listing date Mar 24, 2026

    MLS# 98254788

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 36.76‑acre wooded lot, ideal for a single estate or residential development.
    • Located in a desirable, quiet, and rural area on Banks Mill Road, surrounded by equestrian properties.
    • Conveniently located just minutes from downtown Aiken (7‑9 miles).
    • Zoned RUD in Aiken County, offering flexibility for residential use.
    • Gently sloping topography and sandy soil.
    • Multiple internet providers available (AT&T, Spectrum, and possibly others).

    Overview

    This 36.76-acre wooded lot is located on Banks Mill Road SE in Aiken, South Carolina. Zoned RUD in Aiken County, the property is suitable for single-user residential or residential development of several lots. The topography is gently sloping. Surrounded by equestrian properties, this parcel could be a country estate. The property will require a well and septic system. The soil is sandy, which should facilitate meeting the percolation test requirement for a septic system. Internet is available through AT&T, Spectrum, and possibly other providers. The area is quiet and rural, located 7 miles from Charleston Highway (78) and 9 miles from Lauren's Street in downtown Aiken. According to Aiken tax records, the street number is '4343', but that is not correct.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.70343
    Latitude
    33.547445

    Nearby Similar for Sale

    • $1,200,000
      4,044 SF

      Turn-Key Dental Office in Aiken

      Well-appointed dental office with prime location and included equipment.
      1466 Columbia Highway N, Aiken, SC 29801
      View Details
    • $550,000
      2,595 SF

      Aiken Commercial Office Building

      Well-positioned office building in a convenient, accessible Aiken location.
      160 Waterloo Street SW, Aiken, SC 29801
      View Details
    • $850,000
      9,012 SF

      Freestanding Commercial Site in Aiken

      Well-located commercial property with redevelopment potential in Aiken, SC.
      1110 Richland Avenue E, Aiken, SC 29801
      View Details
    • $495,000
      7,824 SF

      Aiken Commercial Site For Sale

      Three buildings on 1.48 acres near downtown Aiken.
      664 York Street NE, Aiken, SC 29801
      View Details
    • $1,200,000
      4,044 SF

      Turn-Key Dental Office in Aiken

      Well-appointed dental office near downtown and I-20.
      1466 Columbia Highway, 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 Street NW, Aiken, SC 29801
      View Details
    • $585,000
      3,894 SF

      Aiken Office Space For Sale

      High-visibility office space with flexible layout in Aiken, South Carolina.
      1314 Pine Log Road, Aiken, SC 29803
      View Details
    • $495,000
      7,824 SF

      Aiken Commercial Site For Sale

      Three buildings on 1.48 acres near downtown Aiken.
      664 York Street, Aiken, SC 29801
      View Details
    • $2,500,000
      8,070 SF

      Historic Aiken Mixed-Use Property

      Unique mixed-use property in downtown Aiken with income potential.
      150 Fairfield Street SE, Aiken, SC 29801
      View Details
    • $1,750,000
      9,094 SF

      Aiken Medical Office Building For Sale

      9,000 SF medical office building in Aiken's Southside corridor.
      191 Centre S Boulevard, 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 Road, Aiken, SC 29801
      View Details
    • $349,000
      3,080 SF

      Aiken Mobile Home Park Investment

      Turnkey mobile home park with income-producing homes and vacant lots.
      1092 Reynolds Pond Road, Aiken, SC 29801
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 36.76-acre wooded lot ideal for residential development.
    Where is this residential land & home lot located?
    The property is located at Banks Mill Road Aiken, SC.
    What is the asking price?
    The asking price for this property is $1,286,600.
    What are key features of this property?
    This property features: Large 36.76‑acre wooded lot, ideal for a single estate or residential development.; Located in a desirable, quiet, and rural area on Banks Mill Road, surrounded by equestrian properties.; Conveniently located just minutes from downtown Aiken (7‑9 miles).
    (706) 339-4379
    We can help!
    Listing Contact
    R. Dean Newman
    R. Dean Newman
    Real Estate License ID: 281453
    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
    Banks Mill Road, Aiken, SC 29803
    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!