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    161 Aiken Ln Aiken, SC 29803

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    161 Aiken Ln Aiken, SC 29803

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    • Lifestyle centers
    • 2,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Club Pilates / Gym & Fitness Center
    • Premier Martial Arts Aiken / Training Center / Sports School
    • Sunglass Image Designer Apparel / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Wu Family Eye Care / Eye Care Center / Optometrist
    • LensCrafters / Physician

    Property Details for 161 Aiken Ln

    Property size
    2,400 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents a single, ±2,400 square foot suite available for lease within the Shoppes at Whiskey shopping center in Aiken County. The entire space is currently vacant, offering a blank canvas for a new tenant to establish their business. Strategically located at a signalized intersection, this property benefits from exceptional visibility and high traffic volume. The center enjoys proximity to a Walmart Supercenter, further enhancing its appeal to potential customers. Detailed traffic counts reveal impressive daily traffic volumes: 37,200 vehicles per day on Whiskey Road and 21,300 vehicles per day on Pine Logging Road. This prime location ensures significant exposure for your business. The lease rate is $18.00 per square foot, NNN (Net, Net, Net). The property type is retail, specifically a shopping center with multiple tenancy options, although currently only one suite remains. The total building square footage is 2,400 square feet, all of which is currently vacant and ready for immediate occupancy. This presents a unique chance to secure a prominent retail space in a high-traffic area with excellent visibility and established surrounding businesses. The property is ideally suited for a variety of retail uses. Contact us today to learn more about this outstanding opportunity.

    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
    -81.7155
    Latitude
    33.5196

    Comparable in this City

    • Value Estimation by Request
      75,716 SF

      250 Gate Dr

      Lifestyle centers • 75,716 SF
      250 Gate Dr, Aiken, SC 29803
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    • Value Estimation
      $2,025,000
      11,180 SF

      250 Eastgate Dr

      SHOPPING CENTER, STRIP CENTER • 11,180 SF
      250 Eastgate Dr, Aiken, SC 29803-7698
      View Details
    • Value Estimation
      $3,390,000
      62,389 SF

      1573 Whiskey Rd

      SHOPPING CENTER, STRIP CENTER • 62,389 SF
      1573 Whiskey Rd, Aiken, SC 29803-5311
      View Details
    • Value Estimation by Request
      8,580 SF

      601 Silver Blf Rd

      SHOPPING CENTER, STRIP CENTER • 8,580 SF
      601 Silver Blf Rd, Aiken, SC 29803-6586
      View Details
    • Value Estimation
      $5,680,000
      16,500 SF

      Whiskey Rd

      SHOPPING CENTER, STRIP CENTER • 16,500 SF
      Whiskey Rd, Aiken, SC 29803
      View Details
    • Value Estimation by Request
      5,800 SF

      802 Pne Log Rd

      SHOPPING CENTER, STRIP CENTER • 5,800 SF
      802 Pne Log Rd, Aiken, SC 29803
      View Details

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      Aiken Retail Space For Lease

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    161 Aiken Ln
    Aiken, SC 29803
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    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
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