Flex Property with Metal
For Sale
$284,900
3143 Wagener Rd, Aiken, SC 29801
Flex property offering an on-site metal warehouse with overhead doors, plus a newly renovated residential-style home.
Property Size1,888 SF
Price / SF$150.90
Days on Market153
Property Features for 3143 Wagener Rd
General Information
Standard status
Active
Size
1,888 SF
Building Details
Year Built
2013
Listing Agency:
Fabulous Aiken Homes LLC
Listed By:
Fabulous Aiken Homes Team
(603) 986-1567
Source:
Thebradleyrealestategroup
Added: Apr 11
Changed: Sep 8
Last Checked: Sep 9 at 9:00PM
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 Fabulous Aiken Homes LLC
Investment Insights
Based on property information with market context.
The property at 3143 Wagener Rd includes a newly renovated home with three bedrooms and two bathrooms, featuring a living room and bonus family room, along with an enclosed front porch. The residence has updated kitchen and bath finishes, new flooring, and an oversized kitchen with a pantry, and includes a back yard.
Also on site is a large 30-by-50 metal building with overhead doors and electrical service. The building is positioned to support a wide range of personal or business uses, with the enclosed structure providing enclosed storage and flexible space.
Overall, this is a single-site flex setup combining a renovated live/work style home with an enclosed metal warehouse component.
Also on site is a large 30-by-50 metal building with overhead doors and electrical service. The building is positioned to support a wide range of personal or business uses, with the enclosed structure providing enclosed storage and flexible space.
Overall, this is a single-site flex setup combining a renovated live/work style home with an enclosed metal warehouse component.
Key Highlights
- 1+ acre flex property at 3143 Wagener Rd in Aiken, offering both residential living space and an on‑site metal warehouse
- Newly renovated 3‑bedroom, 2‑bath home with living room, bonus family room, and enclosed front porch
- Kitchen and baths have new marble/granite finishes, with new flooring throughout
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
$11,429
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
4.01%
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%
$228,580
$228.6K
Cap Rate 7%
$163,271
$163.3K
Cap Rate 9%
$126,989
$127.0K
Market Conditions
NOI Build-Up for 1,888 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
$14.3K $7.56/SF
− Vacancy
−$828 −$0.44/SF
EGI
$13.4K $7.12/SF
− OpEx
−$2.0K −$1.07/SF
NOI
$11.4K $6.05/SF
Area
Aiken County, SC
Vacancy
5.80%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
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%
$228,580
Cap Rate 7%
$163,271
Cap Rate 9%
$126,989
Alternative Uses
Best Use
Warehouse
$163.3K
$142.9K – $190.5K
NOI $11,429 @ 7.0% cap · market cap 4.01%
Second Best
Industrial
$122.9K
$107.5K – $143.3K
NOI $8,600 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$363.9K
$318.4K – $424.6K
NOI $25,474 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29801, SC
27,613
Population
13,543
Households
2
Avg Household Size
41
Median Age
28%
College-Educated
84%
High-School Grad
88.9 sq mi
ZIP Area
311
Density / Sq Mi
$55,032
Median Household Income
$36,804
Median Earnings
$1,070
Median Rent
$163,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex property offering an on-site metal warehouse with overhead doors, plus a newly renovated residential-style home.
Where is this flex space located?
The property is located at 3143 Wagener Rd Aiken, SC.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: 1+ acre flex property at 3143 Wagener Rd in Aiken, offering both residential living space and an on‑site metal warehouse; Newly renovated 3‑bedroom, 2‑bath home with living room, bonus family room, and enclosed front porch; Kitchen and baths have new marble/granite finishes, with new flooring throughout
