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    Property profile & analytics

    60 Shagbark Ct Aiken, SC 29803

    • Commercial real estate
    For Sale
    View listing
    $19,999
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2180462
    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

    • Commercial real estate

    Property Details for 60 Shagbark Ct

    Property type
    Commercial real estate

    Description

    This exceptional commercial land parcel, located at 60 Shagbark Court in Aiken, South Carolina, presents a unique investment opportunity. Priced affordably at $29,000, this property offers significant potential for various commercial ventures. Situated in Aiken County, zip code 29803, the land's precise coordinates are 33.493671 latitude and -81.717095 longitude. The property is classified as commercial land and is specifically designated for special-purpose development. The address is clearly identified as 60 Shagbark Court, Aiken, SC. This presents a blank canvas for entrepreneurs seeking a strategic location within the Aiken commercial landscape. The property's size is not specified, requiring interested parties to conduct their own due diligence regarding zoning regulations, permitted uses, and potential development plans. Given its location and price point, this property is well-suited for investors seeking a foothold in the Aiken market or developers looking for a site to build a specialized commercial structure. Further investigation into the property's specifics is encouraged to fully assess its potential. The asking price represents a compelling entry point into the Aiken commercial real estate market. Serious inquiries are welcome.

    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
    -81.717095
    Latitude
    33.493671

    Comparable in this City

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    • $33,900

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    • $44,900
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      Flat corner lot in Aiken's best neighborhood with resort-style amenities.
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    • $225,000
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      Aiken Land in Anderson Farms

      4.48 acre lot with equestrian amenities and trails.
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    Similar Nearby for Sale

    • $219,830

      Prime Aiken Commercial Land

      South Carolina commercial lot, $219,830
      0 Cooks Bridge Rd, Aiken, SC 29803
      View Details
    • $33,900

      Aiken Commercial Land - $33,900

      Prime Aiken, SC commercial lot.
      4b Long Shadow Dr, Aiken, SC 29803
      View Details
    • $149,950
      3.25 Acres

      Whiskey Road Commercial Land

      Prime Aiken, SC development site.
      3901 Whiskey Rd, Aiken, SC 29803
      View Details
    • $245,000

      Aiken County Farm - $245,000

      Prime Aiken County farmland. Excellent investment opportunity.
      0 Shell Stone Dr, Aiken, SC 29803
      View Details
    • $44,900
      0.52 Acres

      Residential Land in Cedar Creek

      Flat corner lot in Aiken's best neighborhood with resort-style amenities.
      Devonshire Dr, Aiken, SC 29803
      View Details
    • $225,000
      4.48 Acres

      Aiken Land in Anderson Farms

      4.48 acre lot with equestrian amenities and trails.
      Songbird Ct, Aiken, SC 29803
      View Details

    Similar Nearby for Lease

    • $4,200 /Mo

      Aiken Commercial Land For Lease

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      57,932 SF

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      Aiken Office Space For Lease

      Multi-tenant office space in Midtown Aiken available for lease.
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    60 Shagbark Ct
    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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