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

    231 Cedar Ridge Dr Aiken, SC 29803

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 231 Cedar Ridge Dr

    Property type
    Residential income homes

    Description

    This exceptional 3-acre lot in the desirable Cedar Meadows equestrian community presents a unique opportunity to build your dream home. Located at 231 Cedar Ridge Drive, Aiken, SC 29803, this property offers a tranquil setting with access to community amenities including a riding ring and equine trails. The idyllic location provides a wonderful sense of community while remaining conveniently close to all that Aiken has to offer. Imagine enjoying the open space and fresh air of this peaceful community, creating lasting memories. This property is priced to sell, making it a rare find in this sought-after area. For those seeking even more land, an adjoining 8+ acre parcel is also available for purchase (MLS #113249), offering the potential for a combined 11+ acres. The listing price for this 3-acre lot is $107,000. Don't miss this chance to build your custom home in this beautiful equestrian community. The property is zoned for residential use and is ready for immediate development. The location offers a blend of rural tranquility and convenient access to urban amenities. This is an ideal opportunity for those seeking a peaceful retreat while still being close to the conveniences of city life. The property is situated at 33.448357 latitude and -81.634155 longitude.

    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
    -81.6342
    Latitude
    33.4484

    Comparable in this City

    • Value Estimation by Request

      570 Equinox Loop

      Residential income homes
      570 Equinox Loop, Aiken, SC 29803
      View Details
    • Value Estimation by Request

      227 Carrington Pl

      Residential income homes
      227 Carrington Pl, Aiken, SC 29803
      View Details
    • Value Estimation by Request

      1107 Dunham Forest Way

      Residential income homes
      1107 Dunham Forest Way, Aiken, SC 29803
      View Details
    • Value Estimation by Request

      00 Implement Rd

      Residential income homes
      00 Implement Rd, Aiken, SC 29803
      View Details
    • Value Estimation by Request

      271 Whistling Straits Ln

      Residential income homes
      271 Whistling Straits Ln, Aiken, SC 29803
      View Details
    • Value Estimation by Request

      114 Pebble Beach Ct

      Residential income homes
      114 Pebble Beach Ct, Aiken, SC 29803
      View Details

    Similar Nearby for Sale

    • $68,000

      Aiken Rental Portfolio: Murrah Ave

      Profitable Aiken, SC rental property.
      947 Murrah Ave, Aiken, SC 29803
      View Details
    • $455,000
      2,350 SF

      Aiken Ranch with Detached Apartment

      Single-level home on 2 acres with detached apartment.
      2451 Horseshoe Bend Rd, Aiken, SC 29803
      View Details
    • $389,000
      1.00 Acre

      Aiken Investment Property with Rentals

      Income-producing triplex on approximately 1 acre in Southside Aiken.
      2046 Garnet Ln, Aiken, SC 29803
      View Details
    • $374,900
      0.90 Acres

      Aiken Income-Producing Mobile Home Park

      Fully occupied mobile home and RV park on Whiskey Rd.
      824 Partridge Bend Rd, Aiken, SC 29803
      View Details
    • Contact for pricing
      113 SF

      Aiken Office Space for Lease

      Prime Aiken office, available March 1, 2025.
      Aiken, SC 29803
      View Details
    • $1,500,000
      10,001 SF

      Whiskey Road Commercial Property

      Spacious Aiken commercial building, 4.7 acres.
      2799 Whiskey Rd, Aiken, SC 29803
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      227,356 SF

      Aiken Exchange Plaza Retail Space

      Prime Aiken retail space, 2 units available.
      2545 Whiskey Rd, Aiken, SC 29803
      View Details
    • $14 SF/Yr
      30,266 SF

      Aiken Office Space for Lease

      Prime Aiken location, flexible suites available
      1080 Silver Bluff Rd, Aiken, SC 29803
      View Details
    • $19 SF/Yr
      9,000 SF

      Aiken Retail Space For Lease

      Retail spaces available in a strategically located Aiken shopping center.
      1521 Whiskey Rd, Aiken, SC 29803
      View Details
    • Contact for pricing
      3,540 SF

      Retail Space Available For Rent

      3,540 SF retail space available for rent in Aiken.
      250 Eastgate Dr, Aiken, SC 29803
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space on Whiskey Road

      Retail units available in high-traffic Aiken location.
      2441 Whiskey Rd, Aiken, SC 29803
      View Details
    • $2,200 /Mo
      1,725 SF

      Aiken Retail/Office Space Available

      Office or retail space in South Aiken retail hub.
      119 Beatty Ln, Aiken, SC 29803
      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.
    231 Cedar Ridge 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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.