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    120 Chesterfield St Aiken, SC 29801

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    120 Chesterfield St Aiken, SC 29801

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    • Storefront properties
    • 4,472 SF
    For Sale
    $750,000
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    Downtown Aiken Commercial Property For Sale
    $750,000
    4,472 SF

    Downtown Aiken Commercial Property

    Historic property in Aiken's Central Business District with potential uses.

    120 Chesterfield Street, Aiken, SC 29801
    View Listing
    Property ID
    US77-0581877
    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

    • Community Care & Counseling / Counselor
    • First Baptist Cemetery / Cemetery
    • Aiken's First Baptist Church / Church
    • Smoke-Stock & Chimney Cleaning Service, SDG / Hardware & Home Improvement
    • Smoke-Stock BTN / Furniture & Home Goods / Home Decor Store

    Property Details for 120 Chesterfield St

    Year built
    1890
    Property size
    4,472 SF
    Property type
    Storefront properties
    Property subtype
    Commercial real estate

    Description

    Invest in beautiful downtown Aiken. For nearly two decades the stately former home has been the location of a very successful family business. As part of the Aiken's Central Business District this property has potential for an extensive variety of uses. Walk through its arched gateway and experience the privacy and charm that this historic property offers, with total of 4,472 SF . There are beautiful covered porches totaling 730 square feet of outdoor enjoyment. The year built is circa 1890.

    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
    -81.71904
    Latitude
    33.559968

    Comparable in this City

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      Aiken Flex Space - $389,000

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      Freestanding Commercial Site in Aiken

      Well-located commercial property with redevelopment potential in Aiken, SC.
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      Versatile Office/Retail Space Available

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    Similar Nearby for Sale

    • $850,000
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      Freestanding Commercial Site in Aiken

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    • $750,000
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      Historic Downtown Aiken Commercial Building

      Two-story commercial building with mixed-use potential in downtown Aiken.
      344 Park Ave SE, Aiken, SC 29801
      View Details
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      9,928 SF

      Versatile Property with High Visibility

      Adaptable property suitable for retail, office, or daycare use.
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      1,200 SF

      Retail Building with Three Suites

      7,713 SF retail building with ample parking.
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      Aiken Flex Space - $389,000

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      3340 Vaucluse Rd, Aiken, SC 29801
      View Details
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      5,420 SF

      Corner Lot Redevelopment Opportunity

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    Similar Nearby for Lease

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      Retail Space in Aiken Center

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      Aiken Retail or Office Space

      Retail or office space in Aiken's CBD for lease.
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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.
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    120 Chesterfield St
    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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