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    Property profile & analytics

    1643 Richland Ave Aiken, SC 29801-3235

    • Office buildings
    • 6,978 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0342222
    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

    • Innovative Solutions / Marketing & Advertising / Printing Service

    Property Details for 1643 Richland Ave

    Year built
    1974
    Construction
    WOOD
    Lot size
    0.61 lot acres
    Property size
    6,978 SF
    Property type
    Office buildings
    APN
    104-18-11-005
    APU
    1041811005

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $605,000
      Market price range: $573k - $1.93M
      AI Estimate
      $694,000
      Market price range: $694k - $1.76M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,060,000
      Current use
      AUTO REPAIR, GARAGE
      $1,160,000
      Change: +9% Conversion: Difficult
      MEDICAL BUILDING
      $1,050,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.7423
    Latitude
    33.5649
    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
    $6,569
    $9,368
    $16,827
    $26,195
    -
    $186,000
    $334,110
    $520,110

    Comparable in this City

    • Value Estimation
      $1,825,000
      17,238 SF

      237 Park Ave

      OFFICE BUILDING • 17,238 SF
      237 Park Ave, Aiken, SC 29801-3857
      View Details
    • Value Estimation
      $1,760,000
      11,040 SF

      222 Beaufort NE St

      OFFICE BUILDING • 11,040 SF
      222 Beaufort NE St, Aiken, SC 29801-4476
      View Details
    • Value Estimation by Request
      1,500 SF

      149 Chesterfield St

      OFFICE BUILDING • 1,500 SF
      149 Chesterfield St, Aiken, SC 29801-4501
      View Details
    • Value Estimation by Request
      7,592 SF

      1636 Hampton Ave

      OFFICE BUILDING • 7,592 SF
      1636 Hampton Ave, Aiken, SC 29801-3136
      View Details
    • Value Estimation by Request
      3,300 SF

      218 Newberry St

      OFFICE BUILDING • 3,300 SF
      218 Newberry St, Aiken, SC 29801-3854
      View Details
    • Value Estimation by Request
      6,152 SF

      159 Morgan NW St

      OFFICE BUILDING • 6,152 SF
      159 Morgan NW St, Aiken, SC 29801-3621
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,841 SF

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      106 Park Ave SW, Aiken, SC 29801
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    • $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
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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
    • New
      $244,900
      Pending

      Aiken Commercial Property on Newberry

      Commercial property in downtown Aiken suitable for various business uses.
      333 NW Newberry St, Aiken, SC 29801
      View Details
    • Contact for pricing

      Downtown Aiken Commercial Office Space

      Prime office space near Aiken Courthouse and City Hall.
      149 Chesterfield St S, Aiken, SC 29801
      View Details
    • $305,000
      Pending

      Historical District Office Building

      Charming office building in Aiken's Historical District.
      125 Pendleton St NW, Aiken, SC 29801
      View Details

    Similar Nearby for Lease

    • $4,758 /Mo
      2,595 SF

      Aiken Commercial Office Building ForRent

      Commercial office building in a convenient and accessible area.
      160 Waterloo St SW, Aiken, SC 29801
      View Details
    • $520 /Mo
      113 SF

      Houndslake Office Space For Lease

      Office spaces available in Houndslake Country Club, Aiken, SC.
      918 Houndslake Dr, Aiken, SC 29801
      View Details
    • $16 SF/Yr
      1,100 SF

      Prime Office Space, University Parkway

      Single-tenant office, renovated 2023.
      410 University Pkwy, Aiken, SC 29801
      View Details
    • $650 /Mo
      2,178 SF

      Downtown Aiken Office Spaces Available

      Office spaces in downtown Aiken with utilities included.
      120 A-F Laurens St NW, 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 SW Unit, Aiken, SC 29801
      View Details
    • $2,075 /Mo
      1,120 SF

      Renovated Office Space Available

      Newly renovated office space for lease in Aiken, South Carolina.
      410 University Pkwy Unit, Aiken, SC 29801
      View Details
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    1643 Richland Ave
    Aiken, SC 29801-3235
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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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