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

    620 Laurens St Aiken, SC 29801

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1871035
    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 620 Laurens St

    Property type
    Commercial real estate

    Description

    This exceptional 0 square foot commercial land parcel is located at 620 Laurens Street in Aiken, South Carolina, zip code 29801. The property is zoned for commercial use and presents a unique opportunity for developers or investors seeking a strategic location within the vibrant Aiken market. Situated in Aiken County, this lot offers convenient access to major roadways and is ideally positioned to benefit from the area's growing economy. The asking price for this land is $22,500. Given its prime location and commercial zoning, this property represents a compelling investment opportunity with significant potential for future development and return. The latitude and longitude coordinates are 33.57282, -81.719696 respectively. Further due diligence is recommended to confirm zoning regulations and development possibilities. This is a blank canvas ready for your vision. Serious inquiries only. The property is classified as "Commercial, Other". This is a rare opportunity to acquire a commercial lot in a desirable location. Act quickly, as this property is expected to generate significant interest.

    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
    -81.719696
    Latitude
    33.57282

    Comparable in this City

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      Aiken Commercial Land: $165K

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      Prime Aiken Commercial Land

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    • $650,000

      Prime Commercial Land Opportunity

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    Similar Nearby for Sale

    • $138,000

      Aiken County Farm - $138,000

      Prime Aiken County farmland. Excellent investment opportunity.
      00 Shiloh Church Rd, Aiken, SC 29801
      View Details
    • $165,000
      0.90 Acres

      Aiken Commercial Land: $165K

      0.9-acre commercial lot, prime Aiken location.
      180 Rutland Dr, Aiken, SC 29801
      View Details
    • $205,000

      Prime Aiken Commercial Land

      Level lot, ready for development. Excellent location.
      1058 Wrights Mill Rd, Aiken, SC 29801
      View Details
    • Contact for pricing

      Prime Aiken Commercial Land

      Level lot, ideal for development. $19,000 asking price.
      160 Mayfield Rd, Aiken, SC 29801
      View Details
    • Contact for pricing

      Prime Aiken Commercial Land

      Aiken, SC commercial lot - $14,000
      0 Cushman Dr, Aiken, SC 29801
      View Details
    • $650,000

      Prime Commercial Land Opportunity

      1.91 acres ideal for C-Store or QSR development.
      2445 Charleston Hwy, Aiken, SC 29801
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    Similar Nearby for Lease

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      Laurens Street Retail Space Available

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    • $650 /Mo
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      Downtown Aiken Office Spaces Available

      Office spaces in downtown Aiken with utilities included.
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      1,100 SF

      Aiken, SC Special Purpose Building

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    620 Laurens St
    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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