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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    385 North St Aiken, SC 29803

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0918072
    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

    • Residential income homes

    Property Details for 385 North St

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of single-family rental properties located at 385 North Street, Aiken, South Carolina, 29803. The asking price for this portfolio is $28,000. The property is classified as residential and consists of multiple single-family homes, ideal for a seasoned investor seeking to expand their rental holdings or for a first-time investor looking for a cost-effective entry into the real estate market. Situated in Aiken County, South Carolina, this portfolio benefits from a desirable location within the city of Aiken. The precise number of properties included in this portfolio is not specified, but the listing clearly indicates a collection of single-family residences. Given the attractive asking price, this represents a potentially high-yield investment opportunity. Further due diligence is recommended to fully assess the financial performance and potential return on investment. The geographic coordinates are 33.401593 latitude and -81.656917 longitude, allowing for easy location verification and market analysis. This portfolio is marketed as a special-purpose investment, suggesting unique characteristics that may appeal to specific investor profiles. Interested parties are encouraged to conduct thorough research and seek professional advice before making an investment decision. The property is categorized as a single-family rental portfolio and single-family residence, highlighting its suitability for rental income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.656917
    Latitude
    33.401593

    Comparable in this City

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      Aiken Rental Portfolio: Murrah Ave

      Profitable Aiken, SC rental property.
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    • $374,900
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      Aiken Income-Producing Mobile Home Park

      Fully occupied mobile home and RV park on Whiskey Rd.
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    • $389,000
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      Aiken Investment Property with Rentals

      Income-producing triplex on approximately 1 acre in Southside Aiken.
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    • $455,000
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      Aiken Ranch with Detached Apartment

      Single-level home on 2 acres with detached apartment.
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    • $380,000
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      Aiken Industrial Land - $380K

      4.58 Acres, Light Industrial Zoning, Aiken SC
      1312 Pine Log Rd, Aiken, SC 29803
      View Details
    • $989,000
      3.96 Acres

      Aiken Commercial Land - $989K

      3.96-acre development site, high visibility.
      0 Chukker Creek Rd, Aiken, SC 29803
      View Details

    Similar Nearby for Sale

    • $68,000

      Aiken Rental Portfolio: Murrah Ave

      Profitable Aiken, SC rental property.
      947 Murrah Ave, Aiken, SC 29803
      View Details
    • $374,900
      0.90 Acres

      Aiken Income-Producing Mobile Home Park

      Fully occupied mobile home and RV park on Whiskey Rd.
      824 Partridge Bend Rd, Aiken, SC 29803
      View Details
    • $389,000
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      Aiken Investment Property with Rentals

      Income-producing triplex on approximately 1 acre in Southside Aiken.
      2046 Garnet Ln, Aiken, SC 29803
      View Details
    • $455,000
      2,350 SF

      Aiken Ranch with Detached Apartment

      Single-level home on 2 acres with detached apartment.
      2451 Horseshoe Bend Rd, Aiken, SC 29803
      View Details
    • $380,000
      4.58 Acres

      Aiken Industrial Land - $380K

      4.58 Acres, Light Industrial Zoning, Aiken SC
      1312 Pine Log Rd, Aiken, SC 29803
      View Details
    • $989,000
      3.96 Acres

      Aiken Commercial Land - $989K

      3.96-acre development site, high visibility.
      0 Chukker Creek Rd, Aiken, SC 29803
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      57,932 SF

      Aiken Retail Center Opportunity

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      Aiken Retail Outparcel Opportunity

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      Retail Property in Aiken, SC

      Freestanding retail building for lease in Aiken's retail corridor.
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    • $534 /Mo

      Houndslake Office Space for Lease

      Office spaces available for lease in Houndslake Country Club.
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      Houndslake Office Space for Lease

      Office spaces available in Houndslake Country Club, Aiken, SC.
      918 Houndslake Dr, Aiken, SC 29803
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    • $18 SF/Yr
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      Aiken Office Space For Lease

      Multi-tenant office space in Midtown Aiken available for lease.
      1510 Whiskey Rd Unit, Aiken, SC 29803
      View Details
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    385 North St
    Aiken, SC 29803
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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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