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    958 Millbrook Ave Aiken, SC 29803

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    958 Millbrook Ave Aiken, SC 29803

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    • Office buildings
    • 9,545 SF
    • 0.56 lot acres
    For Sale
    $900,000
    View Listing →
    Aiken Office Building For Sale For Sale
    $900,000
    9,031 SF

    Aiken Office Building For Sale

    Class B office space in Aiken, South Carolina, 90% leased.

    958 Millbrook Ave, Aiken, SC
    View Listing
    Property ID
    US77-1389786
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Sheila I. Milot, MD / Physician
    • Nandini Yoga / Gym & Fitness Center
    • GP Strategies Corporation / Engineering Consultant
    • Enlund Chris / Medical Clinic / Alternative Medicine Practice
    • Premier Medical & MedAesthetic Ctr LLC / Spa & Massage Center / Alternative Medicine Practice

    Property Details for 958 Millbrook Ave

    Year built
    1988
    Construction
    WOOD
    Lot size
    0.56 lot acres
    Property size
    9,545 SF
    Property type
    Office buildings
    APN
    122-13-01-002
    APU
    1221301002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,101,000
      Market price range: $1.04M - $2.47M
      AI Estimate
      $1,004,000
      Market price range: $706k - $2.18M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,490,000
      Current use
      AUTO REPAIR, GARAGE
      $1,585,000
      Change: +6% Conversion: Difficult
      MEDICAL BUILDING
      $1,435,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Aiken
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.7207
    Latitude
    33.5211
    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
    $12,911
    $15,120
    $39,320
    $54,440
    -
    $252,000
    $655,360
    $907,360

    Comparable in this City

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      1,200 SF

      2278 Williston Rd

      OFFICE BUILDING • 1,200 SF
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    • Value Estimation
      $900,000
      4,608 SF

      237 High Gate Loop

      OFFICE BUILDING • 4,608 SF
      237 High Gate Loop, Aiken, SC 29803-3921
      View Details
    • Value Estimation by Request
      918 SF

      912 Dougherty Rd

      OFFICE BUILDING • 918 SF
      912 Dougherty Rd, Aiken, SC 29803-6515
      View Details
    • Value Estimation
      $950,000
      1,805 SF

      951 Dougherty Rd

      OFFICE BUILDING • 1,805 SF
      951 Dougherty Rd, Aiken, SC 29803-6508
      View Details
    • Value Estimation
      $1,370,000
      14,149 SF

      871 Pne Log Rd

      OFFICE BUILDING • 14,149 SF
      871 Pne Log Rd, Aiken, SC 29803-6282
      View Details
    • Value Estimation by Request
      2,500 SF

      826 Athol Ave

      OFFICE BUILDING • 2,500 SF
      826 Athol Ave, Aiken, SC 29803-7924
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Aiken Office Building For Sale

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      Aiken Commercial Lot For Sale

      Commercial half acre lot available for development in Aiken, SC.
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      Midtown Aiken Office Building

      3465 SF office building in a high volume area.
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      Prime Commercial Property in Aiken

      Highly visible commercial property on Aiken's southside corridor.
      877 Dougherty Rd, Aiken, SC 29803
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    • Contact for pricing
      4,219 SF

      Aiken Office Building - Great Location

      Spacious Office, Ample Parking, Prime Location
      Aiken, SC 29803
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Secure Aiken Office Building

      Move-in ready office building near Aiken Bypass.
      900 Trail Ridge Rd, Aiken, SC 29803
      View Details
    • $11,000 /Mo
      7,000 SF

      Aiken Office Building For Lease

      Secure office building near Aiken Bypass, move-in ready condition.
      900 Trl Rdg Rd Unit, Aiken, SC 29803
      View Details
    • $11,000 /Mo
      7,000 SF

      Secure Aiken Office Building For Rent

      Move-in ready office building near Aiken Bypass with ample parking.
      900 Trail Ridge Rd, Aiken, SC 29803
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Global network of workspaces with flexible options and locations.
      900 Trail Ridge Rd, Aiken, SC 29803
      View Details
    • $1,200 /Mo
      736 SF

      Aiken Office Suite For Rent

      Second-floor office suite with waiting area, offices, bathroom, and wet bar.
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      View Details
    • $2,600 /Mo
      1,500 SF

      Aiken Office Space For Rent

      Well-appointed office space available in a convenient South Aiken location.
      4259 Whiskey Rd, Aiken, SC 29803
      View Details
    View Listing
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    958 Millbrook Ave
    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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