Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mull St Aiken, SC 29803

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Mull St Aiken, SC 29803

    View on Map
    • Land
    • 4.58 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Mull St

    Lot size
    4.58 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 4.58-acre parcel presents a remarkable opportunity for commercial or residential development in Aiken, South Carolina. Located at the intersection of Whiskey Road and Mull Street, this nearly five-acre lot boasts approximately 400 feet of frontage on Whiskey Road, a major artery with over 15,000 vehicles per day, ensuring high visibility and accessibility. The land is relatively level and bordered by roads on all four sides. The property's UD & RD zoning permits a variety of uses, including commercial development such as flex or retail spaces, or low-density multifamily projects like duplexes or semi-detached homes. Prospective buyers are responsible for verifying the availability of water, sanitation, and stormwater infrastructure, as well as conducting due diligence regarding development requirements. The seller is currently creating a separate parcel from the main plat and will provide a new survey upon completion. Please note that rollback taxes may apply. The property's APN is P/O 141-09-02-005. This is an ideal location for investors seeking high-traffic exposure and diverse development potential. The asking price is $148,850.

    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
    -81.6864
    Latitude
    33.4428

    Comparable in this City

    • Value Estimation by Request
      4.58 Acres

      1312 Pine Log Rd

      Land • 4.58 Acres
      1312 Pine Log Rd, Aiken, SC 29803
      View Details
    • Value Estimation by Request
      2.08 Acres

      Bolton Ct

      Land • 2.08 Acres
      0 Bolton Ct, Aiken, SC 29803
      View Details
    • Value Estimation by Request
      2.13 Acres

      3280 Whiskey Rd

      Land • 2.13 Acres
      3280 Whiskey Rd, Aiken, SC 29803
      View Details
    • Value Estimation by Request

      3360 Glenview Dr

      Land
      3360 Glenview Dr, Aiken, SC 29803
      View Details
    • Value Estimation by Request

      6 Parque Ave

      Land
      6 Parque Ave, Aiken, SC 29803
      View Details
    • Value Estimation by Request

      13 Brookline Dr

      Land
      13 Brookline Dr, Aiken, SC 29803
      View Details

    Similar Nearby for Sale

    • $295,000
      11.63 Acres

      Aiken Land in Equestrian Corridor

      11.63 acres in the desirable Gray Mare Hollow Road.
      Gray Mare Hollow Rd, Aiken, SC 29803
      View Details
    • New
      $75,000
      Pending

      Aiken Land For Sale

      3.09 acres of land zoned for residential conservation.
      Tract A Varden Dr, Aiken, SC 29803
      View Details
    • Contact for pricing

      Vacant Land in Aiken, SC

      Vacant land sold via online auction. Buyer responsible for due diligence.
      117 Cooper Dr, Aiken, SC 29803
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      SC, Aiken – Trail Ridge

      Discover many ways to work your way in SC, Aiken – Trail Ridge
      900 Trail Ridge Rd, Aiken, SC 29803
      View Details
    • Contact for pricing
      1 SF

      Aiken Commercial Land for Lease

      Commercial land for lease in established retail corridor.
      312 Silver Bluff Rd, Aiken, SC 29803
      View Details
    • $4,200 /Mo

      Aiken Commercial Land For Lease

      2.449 acre commercial land for lease in Aiken, SC.
      Aiken, SC 29803
      View Details
    • Contact for pricing

      Retail Center in Aiken, SC

      Strategically located retail center in a high-traffic area.
      1573 Whiskey Rd, Aiken, SC 29803
      View Details
    • Contact for pricing

      Secure Aiken Office Building

      Move-in ready office building near Aiken Bypass.
      900 Trail Ridge Rd, Aiken, SC 29803
      View Details
    • Contact for pricing

      Publix-Anchored Shopping Center Space

      Retail space available in a highly visible shopping center.
      250 E Gate Dr, 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.
    Mull St
    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.
    Sign Up Successful!
    You now have access to more from Realmo!