Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    223 Chesterfield St Aiken, SC 29801
    Back to Search
    Property profile & analytics

    223 Chesterfield St Aiken, SC 29801

    View on Map
    • Specialty properties
    • 858 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Affordables Apparel / Clothing & Fashion Store

    Property Details for 223 Chesterfield St

    Property size
    858 SF
    Property type
    Specialty properties

    Description

    This exceptional 858-square-foot special purpose property is located at 223 Chesterfield Street in Aiken, South Carolina, zip code 29801. The building features a single tenant occupancy, making it ideal for a variety of uses. Situated in Aiken County, this property presents a unique opportunity for investors or owner-occupiers seeking a specialized space. The property's single-suite layout offers efficiency and streamlined management. Its precise location at 33.5635016 latitude and -81.7184382 longitude provides easy access to local amenities and transportation networks within Aiken. The building's total square footage is 858 square feet, offering ample space for a specific business or operational need. This special purpose property is a turnkey solution for those seeking a ready-to-use commercial space in a convenient Aiken location. The property's single-tenant status ensures straightforward management and predictable income streams. Serious inquiries are encouraged to explore the potential of this unique commercial offering in the thriving Aiken market. Further details regarding the property's specific use and zoning are available upon request. This is an excellent opportunity to acquire a well-situated commercial property in a desirable South Carolina location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.7184
    Latitude
    33.5635

    Comparable in this City

    • Value Estimation by Request
      1,780 SF

      140 Kershaw SE St

      FUNERAL HOME • 1,780 SF
      140 Kershaw SE St, Aiken, SC 29801-4550
      View Details
    • Value Estimation by Request
      720 SF

      1524 University Ln

      Specialty properties • 720 SF
      1524 University Ln, Aiken, SC 29801
      View Details
    • Value Estimation by Request
      1,500 SF

      261 Arbor Ter

      Specialty properties • 1,500 SF
      261 Arbor Ter, Aiken, SC 29801
      View Details
    • Value Estimation by Request
      858 SF

      223 Chesterfield St

      Specialty properties • 858 SF
      223 Chesterfield St, Aiken, SC 29801
      View Details
    • Value Estimation by Request
      3,590 SF

      390 Beaufort NE St

      FUNERAL HOME • 3,590 SF
      390 Beaufort NE St, Aiken, SC 29801-4478
      View Details
    • Value Estimation by Request

      1444 Edgefield Ave

      Specialty properties
      1444 Edgefield Ave, Aiken, SC 29801
      View Details

    Similar Nearby for Sale

    • New
      $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
    • New
      $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
    • Contact for pricing
      9,928 SF

      Versatile Property with High Visibility

      Adaptable property suitable for retail, office, or daycare use.
      721 Richland Ave W, Aiken, SC 29801
      View Details
    • Contact for pricing
      6,979 SF

      Aiken SC Mavis Discount Tire

      NNN leased Mavis Discount Tire in Aiken, South Carolina.
      3545 Richland Ave W, Aiken, SC 29801
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Special Purpose Single Tenant Property

      Special purpose single tenant commercial property available for rent.
      223 Chesterfield St, Aiken, SC 29801
      View Details
    • Contact for pricing

      Special Purpose Single Tenant Property

      Special purpose single tenant commercial property available for rent.
      226 Newberry St Sw, Aiken, SC 29801
      View Details
    • $22 SF/Yr

      Renovated Office Space Available

      Newly renovated office space for lease with flexible layout.
      410 University Pkwy, Aiken, SC 29801
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for rent.
      120 A-F Laurens St, Aiken, SC 29801
      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 St 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 Hwy N, Aiken, SC 29801
      View Details
    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.
    223 Chesterfield St
    Aiken, SC 29801
    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 St, 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!