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    Versatile Commercial Space in Wagener Title is generated by Realmo AI

    108 Park Street NW, Wagener, SC 29164

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    Claim this Listing
    For Sale
    $299,000

    COMMERCIAL - Wagener, SC

    Type:Office
    Property size:
    2,750 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $108/SF
    Added:
    Mar 12, 2026
    Days on Market:
    65
    Last Refresh:
    May 15 at 5:06 pm

    Property Features for 108 Park Street NW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Window features
    Window Coverings
    Interior features
    Wet Bar, Cathedral Ceiling(s), Ceiling Fan(s)
    Standard status
    Active
    APN
    2722009003
    Size
    2,750 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Description
    Lot North Of Pickens

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Flooring type
    Wood, Carpet
    Building materials
    Brick Veneer

    We can help!

    Listing Contact
    Jacob M Klarman
    Jacob M Klarman

    Listing agent Jacob M Klarman License #89689

    Listing office Coldwell Banker Best Life Realty 823 Hayne Ave SW, Aiken, SC

    Listing date Mar 12, 2026

    MLS# 222222

    Copyright © 2026 Aiken Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial location in Downtown Wagener, adjacent to a popular coffee and ice cream shop.
    • Versatile open floor plan with spacious rear area, suitable for various business concepts.
    • Unique historic 'Bank of Wagener' vault with exposed brick as a distinctive feature.
    • Move‑in ready condition with soaring ceilings and a generously sized restroom.
    • Upstairs office loft with potential for conversion into a stylish loft apartment.
    • Existing display installations from a former art gallery, removable as needed.

    Overview

    This commercial property is located in downtown Wagener, South Carolina, adjacent to a coffee and ice cream shop. The property offers a versatile space suitable for a range of business concepts. The building features an expansive open floor plan and a spacious rear area. A historic 'Bank of Wagener' vault with exposed brick serves as a focal point. The property includes high ceilings and a large restroom. The space is move-in ready, with the option to customize it. An upstairs office loft is present and could be converted into a loft apartment with the addition of a shower, or used as additional retail or office space. Formerly an art gallery, existing display installations can remain or be removed. The property size is 2,750 square feet and the lot size is 0.03 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wagener
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.3624066
    Latitude
    33.6515096

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    FAQs

    What type of property is this?
    Office units - Premier commercial space in downtown Wagener with flexible floor plan.
    Where is this office units located?
    The property is located at 108 Park Street NW Wagener, SC.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Prime commercial location in Downtown Wagener, adjacent to a popular coffee and ice cream shop.; Versatile open floor plan with spacious rear area, suitable for various business concepts.; Unique historic 'Bank of Wagener' vault with exposed brick as a distinctive feature.
    (803) 507-3295
    We can help!
    Listing Contact
    Jacob M Klarman
    Jacob M Klarman
    Real Estate License ID: 89689
    Learn More
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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.

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