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    Property profile & analytics

    3581 Richland Ave Aiken, SC 29801

    • Outlet malls
    • 219,540 SF
    • 32.29 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1273928
    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

    • Walmart Supercenter / Electronics & Wireless Store
    • Da-Vi Nails / Nail Salon
    • SmartStyle Hair Salon / Barber Shop
    • Walmart Garden Center / Garden Center
    • Jackson Hewitt Tax Service / Accounting Firm / Tax Preparation

    Property Details for 3581 Richland Ave

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    32.29 lot acres
    Property size
    219,540 SF
    Property type
    Outlet malls
    APN
    088-07-04-005
    APU
    880704005

    Description

    The Shoppes at Richland, a thriving 195,716 square foot shopping center in Aiken County, offers an exceptional opportunity for businesses seeking high-visibility retail space. This Walmart-anchored center boasts 153,100 square feet of inline retail space, complemented by three successful outparcels occupied by Murphy Oil, Mavis Tire, and Lulu's Car Wash. Currently, only two inline spaces remain available, each measuring 1,600 square feet. These units are ideal for a variety of businesses, offering excellent exposure to a substantial customer base. The center enjoys a strong tenant mix, including CPR Cell Phone Repair, Benchmark Physical Therapy, Shoe Department, Maurice's, Dollar Tree, Tokyo Grill, GameStop, Firehouse Subs, GNC, Verizon, and Great Clips, ensuring consistent foot traffic and a vibrant atmosphere. The property sits on a 1.82-acre lot and offers a minimum divisible space of 1,600 square feet, with a maximum contiguous space also of 1,600 square feet. A total of 3,200 square feet of vacant space is currently available for lease. This is a rare opportunity to secure a prime location within a well-established and successful shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,535,000
      Market price range: $14.1M - $25.2M
      AI Estimate
      $16,479,000
      Market price range: $9.19M - $26.6M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $16,850,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.767
    Latitude
    33.5611
    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
    $253,132
    $193,740
    $812,250
    $1,005,990
    -
    $3,229,000
    $13,537,440
    $16,766,440

    Comparable in this City

    • Value Estimation
      $1,795,000
      24,719 SF

      3609 Richland W Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 24,719 SF
      3609 Richland W Ave, Aiken, SC 29801-6313
      View Details
    • Value Estimation
      $10,760,000
      145,074 SF

      214 Jefferson Davis Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 145,074 SF
      214 Jefferson Davis Hwy, Aiken, SC 29801-2834
      View Details
    • Value Estimation
      $860,000
      6,726 SF

      1012 Gregg NW Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 6,726 SF
      1012 Gregg NW Hwy, Aiken, SC 29801-5320
      View Details
    • Value Estimation
      $10,555,000
      21,188 SF

      1108 Cedar Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 21,188 SF
      1108 Cedar Ln, Aiken, SC 29801-3292
      View Details
    • Value Estimation by Request
      4,226 SF

      110 Williamsburg NE St

      WHOLESALE OUTLET, DISCOUNT STORE • 4,226 SF
      110 Williamsburg NE St, Aiken, SC 29801-4543
      View Details
    • Value Estimation
      $10,580,000
      48,282 SF

      1660 Richland E Ave

      SHOPPING CENTER, STRIP CENTER • 48,282 SF
      1660 Richland E Ave, Aiken, SC 29801-4790
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Aiken Center

      Retail space available in busy, Walmart-anchored shopping center.
      3555 Richland Ave W, Aiken, SC 29801
      View Details
    • Contact for pricing
      195,716 SF

      Shoppes at Richland: Prime Retail Space

      Aiken County retail space; two 1,600 sq ft units available.
      3581 Richland Ave, Aiken, SC 29801
      View Details
    • New
      $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
    • Contact for pricing

      Laurens Street Retail Space Available

      Prime Aiken County retail location, single tenant.
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      Aiken Retail or Office Space

      Retail or office space in Aiken's CBD for lease.
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    • $2,450 /Mo
      1,632 SF

      Aiken Retail or Office Space

      Retail or office space in Aiken's CBD for lease.
      126 SW Pendleton St, Aiken, SC 29801
      View Details
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    3581 Richland Ave
    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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