Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1031 Richland E Ave Aiken, SC 29801-4747
    Back to Search
    Property profile & analytics

    1031 Richland E Ave, Aiken, SC 29801-4747

    View on Map
    • Office buildings
    • 1,296 SF
    • 0.19 lot acres
    Off-Market
    Last Sale Apr 15, 2024
    $150,000
    Property ID
    US77-0510745
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Blessing box / Grocery & Convenience Store / Food Market

    Property Details for 1031 Richland E Ave

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.19 lot acres
    Property type
    Office buildings
    APN
    104-19-17-001
    APU
    1041917001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 15, 2024 $150,000 Mfs Investment Properties LLC Nicholas G Angelos Warranty Deed $120k · Security Federal Bank
    Jun 9, 2017 $130,000 Nicholas G Angelos W Robert Moody Deed $104k · Security Federal Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.7335
    Latitude
    33.5651
    CBSA code
    12260
    CBSA name
    AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,111
    $3,412
    $5,302
    $8,714
    -
    $57,930
    $90,000
    $147,930

    Comparable in this City

    • Value Estimation by Request
      540 SF

      3970 Summerhill Ave

      OFFICE BUILDING
      3970 Summerhill Ave, Aiken, SC 29801
      View Details
    • Value Estimation
      $1,100,000
      6,896 SF

      401 Wire Rd

      OFFICE BUILDING
      401 Wire Rd, Aiken, SC 29801-8743
      View Details
    • Value Estimation by Request
      600 SF

      1120 Barnwell Ave

      OFFICE BUILDING
      1120 Barnwell Ave, Aiken, SC 29801-4452
      View Details
    • Value Estimation
      $1,640,000
      15,816 SF

      211 York NE St

      OFFICE BUILDING
      211 York NE St, Aiken, SC 29801-4474
      View Details
    • Value Estimation by Request
      1,200 SF

      9026 Levels Church W Rd

      OFFICE BUILDING
      9026 Levels Church W Rd, Aiken, SC 29801-9606
      View Details
    • Value Estimation by Request
      1,100 SF

      226 Newberry SW St

      OFFICE BUILDING
      226 Newberry SW St, Aiken, SC 29801-3854
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Aiken SC CBD Office Building

      Office building in vibrant Aiken, SC, CBD location.
      302 Park Ave Southeast, Aiken, SC 29801
      View Details
    • New
      $550,000
      2,595 SF

      Aiken Commercial Office Building

      Well-positioned office building in a convenient, accessible Aiken location.
      160 Waterloo St SW, Aiken, SC 29801
      View Details
    • Contact for pricing
      6,841 SF

      Office Building Near Downtown Aiken

      Office building for sale near dining, shopping, and courthouse.
      106 Park Ave SW, Aiken, SC 29801
      View Details
    • New
      $2,500,000
      8,070 SF

      Historic Aiken Mixed-Use Property

      Unique mixed-use property in downtown Aiken with income potential.
      150 Fairfield St SE, Aiken, SC 29801
      View Details
    • New
      $2,500,000
      8,070 SF

      Historic Mixed-Use Aiken Property

      Unique downtown property blending historic charm with modern functionality.
      302 Park Ave SE, Aiken, SC 29801
      View Details
    • $750,000
      6,464 SF

      Aiken Office Building For Sale

      Mid-century office building with redevelopment potential in historic Aiken.
      120 Morgan St NW, Aiken, SC 29801
      View Details

    Similar Nearby for Lease

    • $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
    • New
      $4,325 /Mo
      2,595 SF

      Aiken Commercial Office Building

      Professional office space in a convenient, accessible Aiken location.
      160 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, 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
    • Contact for pricing
      1,178 SF

      Aiken Office Space For Rent

      Office space available for rent with ample parking.
      139 Waterloo St SW, Aiken, SC 29801
      View Details
    • Contact for pricing
      120 SF

      Downtown Aiken Office Space Available

      A-Class office space in prime downtown Aiken location.
      117 Newberry St, 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.
    1031 Richland E Ave
    Aiken, SC 29801-4747
    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
    1031 Richland E Ave, 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!