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    905 Murrah Dr Aiken, SC 29803
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    905 Murrah Dr, Aiken, SC 29803

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    • Retail properties & Spaces
    • 1,702 SF
    • 1.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 905 Murrah Dr

    Lot size
    1.20 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    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.

    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
    33.5134

    Comparable in this City

    • Value Estimation by Request
      1,900 SF

      911 Dougherty Rd

      Office Units
      911 Dougherty Rd, Aiken, SC 29803
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    • Value Estimation by Request
      1,056 SF

      131 Silver Bluff Rd

      Office Spaces
      131 Silver Bluff Rd, Aiken, SC 29803
      View Details
    • Value Estimation
      $970,000
      9,550 SF

      430 Society Hl Dr

      MEDICAL BUILDING
      430 Society Hl Dr, Aiken, SC 29803-1731
      View Details
    • Value Estimation
      $600,000
      8,244 SF

      181 Town Crk Rd

      MEDICAL BUILDING
      181 Town Crk Rd, Aiken, SC 29803-5841
      View Details
    • Value Estimation
      $570,000
      7,514 SF

      Town Crk Rd

      MEDICAL BUILDING
      Town Crk Rd, Aiken, SC 29803
      View Details
    • Value Estimation
      $2,200,000
      13,832 SF

      206 Ctr S Blvd

      MEDICAL BUILDING
      206 Ctr S Blvd, Aiken, SC 29803-6319
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,702 SF

      Aiken County Development Opportunity

      Prime commercial development opportunity in Aiken's vibrant Southside.
      905 Murrah Dr, Aiken, SC 29803
      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
    • $59,900
      Pending

      Aiken Commercial Lot For Sale

      Commercial half acre lot available for development in Aiken, SC.
      Bolton Ct, Aiken, SC 29803
      View Details
    • Contact for pricing
      1,712 SF

      Mixed-Use Property For Sale

      Mixed-use property featuring 1,712 SF of commercial real estate.
      1504 Hamilton Dr, Aiken, SC 29803
      View Details
    • Contact for pricing

      Mixed-Use Property For Sale

      Mixed-use property available for purchase in Aiken, South Carolina.
      Tract A Andrews Cir, Aiken, SC 29803
      View Details

    Similar Nearby for Lease

    • $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
    • $1,800 /Mo
      1,250 SF

      Aiken Commercial Space Available Now

      Ideally located commercial space in Aiken's Southside Retail and Business Corridor.
      1908 Pawnee St, Aiken, SC 29803
      View Details
    • $9,984 /Mo
      5,705 SF

      Well-Maintained Building in Centre South

      Flexible retail or office space in Aiken, SC.
      190 Crepe Myrtle Ct, Aiken, SC 29803
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Whiskey Road

      Retail units available in high-traffic Aiken location.
      2441 Whiskey Rd, Aiken, SC 29803
      View Details
    • Contact for pricing
      1,200 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
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    905 Murrah Dr
    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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