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    Property profile & analytics

    5979 Jefferson Davis Hwy North Augusta, SC 29841

    • Outlet malls
    • 20,320 SF
    For Lease
    View listing
    $6 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1123334
    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

    • Harris Music Store / Music Store

    Property Details for 5979 Jefferson Davis Hwy

    Year built
    1972
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    20,320 SF
    Property type
    Outlet malls
    APN
    013-17-14-001
    APU
    131714001

    Description

    This exceptional 103,000 square foot building presents a unique investment opportunity in North Augusta, South Carolina. Located at 5979 Jefferson Davis Hwy, zip code 29841, this single-tenant property sits on a substantial 18-acre lot. The building's zoning is commercial, allowing for a wide range of potential uses. Currently vacant, this expansive space offers significant flexibility for a variety of businesses. The property's classification includes retail, industrial, and special purpose designations, reflecting its adaptability. The building is a single-story structure, offering convenient access and layout. Its previous use as a K-Mart and its refrigerated/cold storage subtype suggest potential for businesses requiring climate-controlled environments. The property's location in the North Augusta submarket of Aiken County provides excellent access to transportation routes and a growing community. This is a rare opportunity to acquire a large, versatile property with significant potential for redevelopment or adaptation to a new tenant's specific needs. The substantial land acreage provides ample room for expansion or additional development. Serious inquiries are encouraged to explore the possibilities of this prime commercial real estate offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,461,000
      Market price range: $1.33M - $3.38M
      AI Estimate
      $890,000
      Market price range: $588k - $2.32M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,160,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Augusta
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.9441
    Latitude
    33.483
    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
    $14,903
    $0.00
    $60,500
    $60,500
    -
    $0.00
    $1,116,180
    $1,116,180

    Comparable in this City

    • Value Estimation by Request
      6,750 SF

      972 Old Plantation Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 6,750 SF
      972 Old Plantation Rd, North Augusta, SC 29841-1003
      View Details
    • Value Estimation
      $1,450,000
      10,142 SF

      1751 Whitlaws Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 10,142 SF
      1751 Whitlaws Rd, North Augusta, SC 29841
      View Details
    • Value Estimation by Request
      3,260 SF

      6021 Jefferson Davis Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 3,260 SF
      6021 Jefferson Davis Hwy, North Augusta, SC 29841-5438
      View Details
    • Value Estimation
      $3,925,000
      47,600 SF

      406 Martintown Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 47,600 SF
      406 Martintown Rd, North Augusta, SC 29841-4263
      View Details
    • Value Estimation
      $23,760,000
      206,191 SF

      1201 Knox Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 206,191 SF
      1201 Knox Ave, North Augusta, SC 29841-4056
      View Details
    • Value Estimation
      $13,420,000
      125,946 SF

      1220 Knox Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 125,946 SF
      1220 Knox Ave, North Augusta, SC 29841-4055
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.65 Acres

      River Commons Outparcel: 0.65 Acres

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      Wendy's Net Lease Investment

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      Prime Retail Land: North Augusta, SC

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      Prime North Augusta Retail Lot

      3,500 SF Pad-Ready Retail Land
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    • $725,000
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      Retail Property on Corner Lot

      Retail property with high visibility on a corner lot.
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    • $2,571,428

      Retail Property For Sale

      Retail property available for purchase in North Augusta, SC.
      517 E Martintown Rd, North Augusta, SC 29841
      View Details

    Similar Nearby for Lease

    • $1,575 /Mo
      1,250 SF

      Retail Space in North Augusta

      Well-maintained retail strip center near I-20, North Augusta, SC.
      616 Edgefield Rd, North Augusta, SC 29841
      View Details
    • $6 SF/Yr
      103,964 SF

      Retail Space Near Major Highway

      Large retail space available near Georgia and South Carolina border.
      5979 Jefferson Davis Hwy, North Augusta, SC 29841
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in North Augusta

      Dominant shopping center with excellent access and parking.
      314 East Martintown Rd, North Augusta, SC 29841
      View Details
    • $11 SF/Yr
      11,650 SF

      Edgefield Road Warehouse Opportunity

      Belvedere, SC Warehouse - 11,650 SF
      847 Edgefield Rd, Belvedere, SC 29841
      View Details
    • $32 SF/Yr
      42,969 SF

      North Augusta Retail & Restaurant Space

      Prime Aiken County location, multiple spaces available
      187 Railroad Ave, North Augusta, SC 29841
      View Details
    • Contact for pricing
      70,000 SF

      Crossroads Market Retail Center

      North Augusta, SC retail spaces available
      404 Martintown Rd, North Augusta, SC 29841
      View Details
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    North Augusta, SC 29841
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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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