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    Charming Craftsman Home, Ideal Venue Title is generated by Realmo AI

    183 Main Street S, Wagener, SC 29164

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    For Sale
    $255,500

    COMMERCIAL - Wagener, SC

    Property size:
    2,947 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $86/SF
    Added:
    May 17, 2025
    Days on Market:
    364
    Last Refresh:
    May 15 at 6:06 pm

    Property Features for 183 Main Street S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway
    Window features
    Insulated Windows
    Interior features
    Walk-In Closet(s)
    Fencing
    Chain Link
    Basement
    Crawl Space
    Standard status
    Active
    APN
    2722019004
    Size
    2,947 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Description
    E By Earl St-S By Alley

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1917
    Floors in Building
    1
    Flooring type
    Tile, Hardwood, Carpet
    Building materials
    Plaster, Wood Siding
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    Taylor Team

    Listing agent Taylor Team

    Listing office Meybohm Real Estate - Aiken 142 Laurens Street, NW, Aiken, SC

    Listing date May 17, 2025

    MLS# 222515

    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 location suitable for Bed and Breakfast or Event Venue, near downtown amenities.
    • Circa 1917 Craftsman style home with original heart pine hardwood floors and historic charm.
    • Spacious layout with formal living and dining rooms, large kitchen, and oversized bedrooms.
    • Enjoy the wrap‑around front porch with swings and landscaped grounds including a goldfish pool.
    • Transferable Sentricon termite deterrent system installed in November 2024.
    • Potential for ample parking with vacant lot across the street and a one acre park‑like lot available with an acceptable offer.

    Overview

    This circa 1917 Craftsman-style home offers a prime location suitable for a classic bed and breakfast or event venue. A vacant lot across Earle Street is available for purchase, providing ample parking. Known as the historical Williams-Tyler House, it is within walking distance of various amenities, including a grocery store, department store, post office, bank, dentist offices, coffee and ice cream shop, pharmacy, convenience store, churches, and a Mennonite bake shop and deli. The property features a wrap-around front porch with swings, formal living and dining rooms, a central stairwell hall, a back entry hall, a kitchen with an adjoining dinette area, an en-suite primary bedroom, a hall bath with an original platform tub, a den, and an enclosed back porch laundry/storage area. Upstairs includes a central hall, two oversized bedrooms with walk-in closets, and a shared bathroom. The downstairs features 10-foot ceilings and original heart pine hardwood floors throughout the living spaces. The dining room has an ornate plate rail molding, and both the living and dining rooms have attached mantel-to-ceiling mirrors. The kitchen offers ample storage cabinets, counter space, and a 36-inch, 5-burner gas stove. There are five fireplaces throughout the house, and the upstairs has two floored step-in attic storage areas. The landscaped grounds include a goldfish pool. Custom window treatments made from chintz or faux silk remain in all rooms, including the kitchen and dinette area. The Williams-Tyler House sits on a 0.4-acre in-town lot and encompasses approximately 2,947 square feet under roof. A Sentricon termite deterrent system was installed in November 2024 and is transferrable to the new owner. A one-acre park-like, tree-shaded lot is available with an acceptable offer. The property is located on the corner of Earle Street and Main Street South.

    Financial Insights

    Value Estimation Calculated for Hotel Hospitality

    Conservative
    $205.3K
    NOI $18,478 @ 9.00% cap · cautious / downside scenario
    Moderate
    $264.0K
    NOI $18,478 @ 7.00% cap · market / base-case scenario
    Aggressive
    $369.6K
    NOI $18,478 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Hotel Hospitality

    Component $ $/SF
    Gross rent $44.2k $15.00
    − Vacancy −$5.3k −$1.80
    EGI $38.9k $13.20
    − OpEx −$20.4k −$6.93
    NOI $18.5k $6.27
    2,947 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 52.50%

    Alternative Use Scenarios

    Best Use
    Hotel Hospitality
    $264.0K
    $231.0K – $308.0K (±1% cap)
    NOI $18,478 @ 7.0% cap · market cap 7.23%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $568.0K
    $497.0K – $662.7K (±1% cap)
    NOI $39,763 @ 7.0% cap · market cap 15.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    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.

    Similar Places Nearby

    • Claridge House Bed and Breakfast — 162 Lee St N, Wagener, SC 29164

    Location Insight

    • Map
    • Local Demand
    City
    Wagener
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.362932
    Latitude
    33.6486516

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    FAQs

    What type of property is this?
    Bed & breakfast - Circa 1917 Craftsman home perfect for a bed and breakfast.
    Where is this bed & breakfast located?
    The property is located at 183 Main Street S Wagener, SC.
    What is the asking price?
    The asking price for this property is $255,500.
    What are key features of this property?
    This property features: Prime location suitable for Bed and Breakfast or Event Venue, near downtown amenities.; Circa 1917 Craftsman style home with original heart pine hardwood floors and historic charm.; Spacious layout with formal living and dining rooms, large kitchen, and oversized bedrooms.
    (803) 646-5144
    We can help!
    Listing Contact
    Taylor Team
    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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