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

    113 Sea Grass Ln Aiken, SC 29803

    • Residential income homes
    For Sale
    View listing
    $159,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0552316
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 113 Sea Grass Ln

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a three-unit single-family rental portfolio located at 113 Sea Grass Lane, Aiken, South Carolina, 29803. The property is priced at $159,900 and offers a compelling return for investors seeking a stable, cash-flowing asset in a desirable location. The portfolio consists of single-family residences, providing a diversified income stream. The property's address is conveniently situated in Aiken County, South Carolina, offering easy access to local amenities and services. Precise details regarding the individual units, such as size, features, and current rental income, are available upon request. This is an ideal opportunity for those seeking to expand their real estate portfolio or enter the market with a proven, income-generating asset. The property's location in Aiken, SC, offers a blend of Southern charm and modern convenience. Further information, including financial statements and property disclosures, can be provided to qualified buyers. This is a turnkey investment ready for immediate income generation. Don't miss this chance to acquire a well-positioned rental portfolio in a thriving South Carolina market. Contact us today to schedule a viewing and explore this lucrative investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.734025
    Latitude
    33.486688

    Comparable in this City

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    • $374,900
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    • $389,000
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      Income-producing triplex on approximately 1 acre in Southside Aiken.
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      Aiken Ranch with Detached Apartment

      Single-level home on 2 acres with detached apartment.
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    • $380,000
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      Aiken Industrial Land - $380K

      4.58 Acres, Light Industrial Zoning, Aiken SC
      1312 Pine Log Rd, Aiken, SC 29803
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    • $989,000
      3.96 Acres

      Aiken Commercial Land - $989K

      3.96-acre development site, high visibility.
      0 Chukker Creek Rd, 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
    • $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
    • $389,000
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      Aiken Investment Property with Rentals

      Income-producing triplex on approximately 1 acre in Southside Aiken.
      2046 Garnet Ln, Aiken, SC 29803
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    • $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
    • $380,000
      4.58 Acres

      Aiken Industrial Land - $380K

      4.58 Acres, Light Industrial Zoning, Aiken SC
      1312 Pine Log Rd, Aiken, SC 29803
      View Details
    • $989,000
      3.96 Acres

      Aiken Commercial Land - $989K

      3.96-acre development site, high visibility.
      0 Chukker Creek Rd, Aiken, SC 29803
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
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      Aiken Exchange Plaza Retail Space

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    • $19 SF/Yr
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      Aiken Retail Space For Lease

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    • 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
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    • Contact for pricing
      1,300 SF

      Retail Space on Whiskey Road

      Retail units available in high-traffic Aiken location.
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    • $18 SF/Yr
      2,400 SF

      Shoppes at Whiskey: Retail Space Available

      High-traffic retail space, Aiken County.
      161 Aiken Ln, Aiken, SC 29803
      View Details
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    113 Sea Grass Ln
    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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