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    344 Park Ave SE Aiken, SC 29801
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    Property profile & analytics

    344 Park Ave SE, Aiken, SC 29801

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    • Warehouses
    • 1,220 SF
    • 0.07 lot acres
    For Sale
    $750,000
    View Listing →
    Historic Downtown Aiken Commercial Building For Sale
    $750,000
    3,049 SF

    Historic Downtown Aiken Commercial Building

    Two-story commercial building with mixed-use potential in downtown Aiken.

    344 & 352 Park Avenue SE, Aiken, SC 29801
    View Listing
    Property ID
    US77-0599736
    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

    • Warehouses

    Property Details for 344 Park Ave SE

    Year built
    1800
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    121-30-14-003
    APU
    1213014003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 20, 2021 — Minkah Homes LLC Floyd Grant Deed —

    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
    -81.7167
    Latitude
    33.5579
    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
    $2,158
    $4,210
    $4,990
    $9,200
    -
    $70,130
    $83,190
    $153,320

    Comparable in this City

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      $24,495,000
      179,120 SF

      2650 Wagener Rd

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    • Value Estimation
      $775,000
      5,680 SF

      621 York St

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      621 York St, Aiken, SC 29801-4017
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    • Value Estimation
      $1,945,000
      3,000 SF

      1478 Columbia N Hwy

      MINI-WAREHOUSE, STORAGE
      1478 Columbia N Hwy, Aiken, SC 29801
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    • Value Estimation
      $1,920,000
      3,000 SF

      1480 Columbia N Hwy

      MINI-WAREHOUSE, STORAGE
      1480 Columbia N Hwy, Aiken, SC 29801
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    • Value Estimation by Request
      10,200 SF

      1563 Edgefield Hwy

      MINI-WAREHOUSE, STORAGE
      1563 Edgefield Hwy, Aiken, SC 29801-8003
      View Details
    • Value Estimation by Request
      9,100 SF

      117 Warehouse Rd

      MINI-WAREHOUSE, STORAGE
      117 Warehouse Rd, Aiken, SC 29801-6711
      View Details

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    • $495,000
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      Aiken Commercial Site For Sale

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      Aiken Commercial Development Opportunity

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      Aiken Flex Space - $389,000

      Versatile Aiken industrial space, great income potential.
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      East Aiken Commercial Development Lot

      12-acre commercial development lot near major industries and equestrian community.
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      Aiken Commercial Building with Acreage

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    Similar Nearby for Lease

    • $8,000 /Mo
      15,080 SF

      Aiken Industrial Space For Rent

      15,080 SF industrial space on Equestrian Corridor.
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      View Details
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      80,000 SF

      Aiken Warehouse Space Available

      Multiple warehouse spaces for lease in Aiken, South Carolina.
      259 Main Dr, Aiken, SC 29801
      View Details
    • Contact for pricing

      Insulated Warehouse with Docking

      Warehouse with sprinklers, docking, office, and break room space.
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      View Details
    • Contact for pricing
      154,000 SF

      Aiken Warehouse with Expansion Potential

      154,000 SF warehouse in Aiken, SC, expandable to 250,000 SF.
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      Retail Space For Rent

      Retail space available for rent.
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    • $1,950 /Mo
      1,494 SF

      Free-Standing Brick Office Building

      Charming office building near downtown Aiken and Interstate 20.
      1598 Columbia Hwy N, Aiken, SC 29801
      View Details
    View Listing
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    344 Park Ave SE
    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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    344 Park Ave SE, Aiken, SC, 29801
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