Self Service Car
For Sale
Contact for pricing
206 Railroad Ave E, Wagener, SC 29164
Self service car wash with direct access along Railroad Avenue and adjacency to a Circle K with substantial annual visits.
Property Size1,302 SF
Price / SF$152.84
Days on Market165
Property Features for 206 Railroad Ave E
General Information
Standard status
Active
Size
1,302 SF
Property subtype
Retail
Building Details
Year Built
1992
Buildings
1
Stories
1
Listing Agency:
Meybohm Commercial
Listed By:
Jonathan Aceves
(706) 294-1757
Source:
Crexi
Added: Mar 27
Changed: Sep 5
Last Checked: Sep 2 at 12:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Meybohm Commercial
Investment Insights
Based on property information with market context.
The property at 206 Railroad Ave E is a self service car wash located about 0.2 miles from the center of Wagener. It offers full-motion access along Railroad Avenue E, positioned to serve passersby traveling through the town’s primary commercial corridor.
The site benefits from proximity to the intersection of Railroad Avenue and Main Street and experiences approximately 6,100 vehicles per day. It is adjacent to a Circle K location with approximately 339,000 annual visits, supporting consistent daytime activity from the surrounding retail base.
Offered for sale, the property is situated in Wagener, within Aiken County, serving as a local service hub for nearby rural communities and providing connectivity to the broader Aiken and Augusta markets.
The site benefits from proximity to the intersection of Railroad Avenue and Main Street and experiences approximately 6,100 vehicles per day. It is adjacent to a Circle K location with approximately 339,000 annual visits, supporting consistent daytime activity from the surrounding retail base.
Offered for sale, the property is situated in Wagener, within Aiken County, serving as a local service hub for nearby rural communities and providing connectivity to the broader Aiken and Augusta markets.
Key Highlights
- Self‑service car wash built in 1992
- Direct access along Railroad Avenue E, about 0.2 miles from the center of Wagener
- Located near the intersection of Railroad Avenue and Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$251,460
$251.5K
Cap Rate 7%
$179,614
$179.6K
Cap Rate 9%
$139,700
$139.7K
Market Conditions
NOI Build-Up for 1,302 SF
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.
Gross rent
$18.7K $14.40/SF
− Vacancy
−$787 −$0.60/SF
EGI
$18.0K $13.80/SF
− OpEx
−$5.4K −$4.14/SF
NOI
$12.6K $9.66/SF
Area
Aiken County, SC
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$251,460
Cap Rate 7%
$179,614
Cap Rate 9%
$139,700
Alternative Uses
Best Use
Retail
$179.6K
$157.2K – $209.6K
NOI $12,573 @ 7.0% cap · market cap 6.32%
Second Best
Industrial
$84.7K
$74.1K – $98.9K
NOI $5,931 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$251.0K
$219.6K – $292.8K
NOI $17,568 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 29164, SC
4,253
Population
2,226
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
89%
High-School Grad
107.2 sq mi
ZIP Area
40
Density / Sq Mi
$45,755
Median Household Income
$33,191
Median Earnings
$786
Median Rent
$186,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Self service car wash with direct access along Railroad Avenue and adjacency to a Circle K with substantial annual visits.
Where is this self service car wash located?
The property is located at 206 Railroad Ave E Wagener, SC.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Self‑service car wash built in 1992; Direct access along Railroad Avenue E, about 0.2 miles from the center of Wagener; Located near the intersection of Railroad Avenue and Main Street
