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35 Varden Dr Aiken, SC 29803-5275

Office buildings Google Maps
9,808 SF 0.59 ac lot Built 1984
Entity Owned 9-yr Hold ~ Est. High Equity
Estimated value (blended)
$305k
Range $275k – $336k (±10%)
Property ID US77-0067661

Property summary

AI-generated overview

This exceptional investment opportunity presents two fully occupied, professional office buildings totaling 21,632 square feet situated on a 1.42-acre lot in Aiken, South Carolina's Hitchcock Office Park. The property, comprised of two two-story buildings constructed in 1984 and renovated in 2017 and 2018, boasts 10 individual suites ranging from 700 to 5,500 square feet, leased to a mix of credit-rated tenants under a gross lease structure. Currently operating at 100% occupancy, this stabilized investment offers immediate cash flow with a compelling 10% cap rate and over $175,000 in annual gross rental income. Rent bumps are in place, ensuring future income growth. The property features ample parking with 50 spaces and benefits from a prime location on Varden Drive, offering high visibility and accessibility with an average daily traffic count of 21,300 vehicles. Monthly HOA dues are $250 per building. Furthermore, the expansive lot provides potential for future development, adding significant long-term value. This is a rare opportunity to acquire a high-performing, multi-tenant office complex in a thriving South Carolina market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Construction WOOD
Total area 9,808 SF
Lot 0.59 ac (25,700 SF)
APN 106-06-23-004
UPID US77-0067661

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Orthotics & Prosthetics Service
  • Financial Advisor
  • Association / Organization
  • Clothing & Fashion Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$305k

Owner & transaction history

since 2017
2 recorded transactions
2017
$522,000
2007
$433,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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