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    Property profile & analytics

    2583 Jefferson Davis Hwy Warrenville, SC 29851-3050

    • Strip malls
    • 42,756 SF
    • 6.09 lot acres
    OFF-MARKET
    Last Sale
    Nov 30, 2021
    $4,200,000
    Value Estimations
    $4,210,000
    Show details
    Cap Rate Potential
    3%
    Strip malls
    Location Intelligence
    Property ID
    US77-2132910
    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

    • Strip malls

    Property Details for 2583 Jefferson Davis Hwy

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.09 lot acres
    Property size
    42,756 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    051-09-02-002
    APU
    510902002

    Description

    Langley Village, located at 2583 Jefferson Davis Hwy in Warrenville, South Carolina, presents a fantastic retail opportunity. This single-story, Class B building totaling 45,728 square feet offers multiple suites within a thriving commercial center. Currently, 1,200 square feet of vacant space is available, with a minimum divisible space of 1,200 square feet. The property is situated in the Clearwater submarket, within the Langley cluster of Aiken County, and enjoys convenient access via Cofer Road. The building underwent renovations in 2021. Zoned for commercial development, this property is ideal for a variety of retail uses, including office, medical, or service-oriented businesses. The property features five total suites and is conveniently located in a Food Lion-anchored shopping center, ensuring high visibility and foot traffic. While there are no elevators, the single-story design provides easy accessibility. The property's address is 2583 Jefferson Davis Hwy, Warrenville, SC 29851. This is an exceptional opportunity to establish a presence in a dynamic and growing commercial area. The available space is perfect for businesses seeking a well-maintained space in a high-traffic location. Serious inquiries are encouraged to explore this promising retail investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,160,000
      ML approach
      $4,285,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,255,000
      RESTAURANT
      $5,015,000
      WAREHOUSE, STORAGE
      $4,225,000
      RETAIL STORES
      $4,195,000
      AUTO REPAIR, GARAGE
      $4,075,000
      MEDICAL BUILDING
      $4,060,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Warrenville
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.8468
    Latitude
    33.526
    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
    $59,521
    $76,730
    $165,700
    $242,430
    -
    $1,278,900
    $2,761,660
    $4,040,560

    Comparable in this City

    • Value Estimation
      $545,000
      6,000 SF

      2551 Jefferson Davis Hwy

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      2551 Jefferson Davis Hwy, Warrenville, SC 29851-3050
      View Details
    • Value Estimation by Request
      6,920 SF

      2868 Augusta Rd

      SHOPPING CENTER, STRIP CENTER • 6,920 SF
      2868 Augusta Rd, Warrenville, SC 29851
      View Details
    • Value Estimation
      $750,000
      16,800 SF

      2547 Jefferson Davis Hwy

      SHOPPING CENTER, STRIP CENTER • 16,800 SF
      2547 Jefferson Davis Hwy, Warrenville, SC 29851-3050
      View Details
    • Value Estimation by Request
      560 SF

      3012 Augusta Rd

      RETAIL STORES (PERSONAL SERVICES) • 560 SF
      3012 Augusta Rd, Warrenville, SC 29851-2207
      View Details
    • Value Estimation by Request
      1,166 SF

      Augusta Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,166 SF
      Augusta Rd, Warrenville, SC 29851
      View Details
    • Value Estimation by Request
      716 SF

      3500 Augusta Rd

      RETAIL STORES (PERSONAL SERVICES) • 716 SF
      3500 Augusta Rd, Warrenville, SC 29851-2224
      View Details

    Similar Nearby for Sale

    • $2,652,000

      Prime Aiken County Farmland

      South Carolina agricultural land, $2.65M
      0 Jefferson Davis Hwy Hwy, Warrenville, SC 29851
      View Details
    • Contact for pricing

      Prime Warrenville Commercial Land

      18k Aiken County commercial lot. Excellent investment opportunity.
      00 Bryan Dr, Warrenville, SC 29851
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    • $44,000
      1.94 Acres

      Warrenville Land Package For Sale

      1.94 acres of land near Aiken and Augusta.
      Pine Log Rd, Warrenville, SC 29851
      View Details
    • $138,000
      10.16 Acres

      Warrenville Land For Sale

      10+ acre hunting retreat, potential home site.
      1-B Pine St, Warrenville, SC 29851
      View Details
    • $3,425,000
      156.62 Acres

      Warrenville SC Land Investment Opportunity

      156.62 acres suitable for commercial, multifamily, or residential development.
      Jefferson Davis Hwy, Warrenville, SC 29851
      View Details
    • Contact for pricing
      0.94 Acres

      Warrenville, SC Wooded Land

      Wooded 0.94 acre plot on Augusta Road.
      Augusta Rd, Warrenville, SC 29851
      View Details
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    Warrenville, SC 29851-3050
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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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