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    1110 Richland Ave E Aiken, SC 29801
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    1110 Richland Ave E Aiken, SC 29801

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    • Retail space
    • 9,012 SF
    • 1.05 lot acres
    For Sale
    $850,000
    View Listing →
    Freestanding Commercial Site in Aiken For Sale
    $850,000
    9,012 SF

    Freestanding Commercial Site in Aiken

    Well-located commercial property with redevelopment potential in Aiken, SC.

    1110 Richland Avenue E, Aiken, SC 29801
    View Listing
    Property ID
    US77-3051431
    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

    • FedEx OnSite / Postal Service / Courier Service
    • Dollar General / Discount Store
    • Western Union / Bank / Credit Union

    Property Details for 1110 Richland Ave E

    Year built
    2004
    Construction
    METAL FRAME
    Lot size
    1.05 lot acres
    Property size
    9,012 SF
    Property type
    Retail space
    APN
    121-07-09-002
    APU
    1210709002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $756,000
      Market price range: $581k - $1.04M
      AI Estimate
      $754,000
      Market price range: $377k - $1.09M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $690,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.7043
    Latitude
    33.5563
    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
    $11,159
    $12,405
    $33,637
    $46,042
    -
    $315,000
    $854,110
    $1,169,110

    Comparable in this City

    • Value Estimation by Request
      504 SF

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      RETAIL STORES (PERSONAL SERVICES) • 504 SF
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    • Value Estimation by Request
      2,400 SF

      3346 Vaucluse Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      3346 Vaucluse Rd, Aiken, SC 29801-3059
      View Details
    • Value Estimation by Request
      1,924 SF

      3349 Vaucluse Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,924 SF
      3349 Vaucluse Rd, Aiken, SC 29801
      View Details
    • Value Estimation by Request
      799 SF

      209 Mayfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 799 SF
      209 Mayfield Rd, Aiken, SC 29801-0690
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      600 SF

      907 Hampton Ave

      RETAIL STORES (PERSONAL SERVICES) • 600 SF
      907 Hampton Ave, Aiken, SC 29801-3523
      View Details
    • Value Estimation by Request
      1,000 SF

      438 Hampton NE Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      438 Hampton NE Ave, Aiken, SC 29801-4324
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      Retail Building with Three Suites

      7,713 SF retail building with ample parking.
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      Aiken Office/Retail Space Available

      Office or retail space in Aiken, South Carolina.
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      Aiken Flex Space - $389,000

      Versatile Aiken industrial space, great income potential.
      3340 Vaucluse Rd, Aiken, SC 29801
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    • $400,000
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      Prime Commercial Land For Sale

      2.3-acre commercial property in high-traffic area, ideal for retail.
      Rudy Mason Pkwy & Blue Bird Ln, Aiken, SC 29801
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    • $1,451,400
      7.08 Acres

      Aiken Land Ready for Development

      7+ acre commercial parcel ideal for retail, office, or flex.
      Rutland Dr, Aiken, SC 29801
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    • $329,900
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      Versatile Office/Retail Space Available

      Adaptable office/retail space with flexible usage options.
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    Similar Nearby for Lease

    • $8,000 /Mo
      15,080 SF

      Aiken Industrial Space For Rent

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      2969 Wagener Rd, Aiken, SC 29801
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    • Contact for pricing
      1,770 SF

      Retail Space with Flexible Floorplan

      1,770 SF retail space with rear access in Aiken.
      345-347 Hayne Ave SW, Aiken, SC 29801
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    • Contact for pricing
      3,200 SF

      Retail Space in Aiken, SC

      Retail space available for lease in Aiken, South Carolina.
      1010 York St NE, Aiken, SC 29801
      View Details
    • $2,450 /Mo
      Pending

      Aiken Retail or Office Space

      Retail or office space in Aiken's CBD for lease.
      126 Pendleton St SW, Aiken, SC 29801
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    • $2,450 /Mo
      Pending

      Aiken Retail or Office Space

      Retail or office space in Aiken's CBD for lease.
      126 SW Pendleton St, Aiken, SC 29801
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Aiken Center

      Retail space available in busy, Walmart-anchored shopping center.
      3555 Richland Ave W, Aiken, SC 29801
      View Details
    View Listing
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    1110 Richland Ave E
    Aiken, SC 29801
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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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