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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    394 Wagon Train Trl Wagener, SC 29164

    • Commercial real estate
    • 185.85 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2260050
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 394 Wagon Train Trl

    Lot size
    185.85 lot acres
    Property type
    Commercial real estate
    APN
    262-00-10-001

    Description

    This exceptional 185.85-acre agricultural property in Wagener, South Carolina, presents a unique investment opportunity. Located in Aiken County, with the address 394 Wagon Train Trail, zip code 29164, this expansive land boasts over 9,500 feet of road frontage, including approximately 5,920 feet along main roads and an additional 3,650 feet along an internal road. The property includes three large pole barns, ideal for storage and agricultural operations. Approximately 114 acres are dedicated to high-yielding Coastal Bermuda pastures, producing roughly 1,500 round hay bales annually, each with a market value between $90 and $100. A tranquil pond provides additional value, serving as a water source and enhancing the property's aesthetic appeal. The combination of fertile land, extensive road frontage, and existing infrastructure makes this property exceptionally well-suited for high-end equestrian development, a private estate, or continued agricultural use. The asking price is $2,300,000, and the APN is 262-00-10-001. This property offers significant income potential and is situated in a picturesque South Carolina location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wagener
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.3980611
    Latitude
    33.6602596

    Comparable in this City

    • $130,000

      Prime Wagener Agricultural Land

      130 Acres, Aiken County, SC
      0000 Parcel A- Arcola Rd, Wagener, SC 29164
      View Details
    • $2,600,000
      260.00 Acres

      Expansive Acreage in Wagener, SC

      260-acre property with panoramic views and irrigation system approval.
      Tbd Browns Pond Rd, Wagener, SC 29164
      View Details
    • $350,000
      35.00 Acres

      Aiken County Land Parcel

      35 acre land parcel in Aiken County's Horse Country.
      Shadow Lane Rd, Wagener, SC 29164
      View Details
    • $310,000
      21.00 Acres

      Picturesque Land Ideal for Farming

      21+ acres perfect for farming, horses, or farm animals.
      Cedar Creek Rd, Wagener, SC 29164
      View Details
    • $2,600,000
      260.00 Acres

      260 Acres of Farmland

      260-acre South Carolina farmland near Wagener, suitable for various uses.
      Browns Pond Rd, Wagener, SC 29164
      View Details
    • $150,000
      15.00 Acres

      Aiken County Land Parcel

      15 acre parcel in Aiken County's 302 Horse Country.
      Bluffwood Rd, Wagener, SC 29164
      View Details

    Similar Nearby for Sale

    • $130,000

      Prime Wagener Agricultural Land

      130 Acres, Aiken County, SC
      0000 Parcel A- Arcola Rd, Wagener, SC 29164
      View Details
    • $2,600,000
      260.00 Acres

      Expansive Acreage in Wagener, SC

      260-acre property with panoramic views and irrigation system approval.
      Tbd Browns Pond Rd, Wagener, SC 29164
      View Details
    • $350,000
      35.00 Acres

      Aiken County Land Parcel

      35 acre land parcel in Aiken County's Horse Country.
      Shadow Lane Rd, Wagener, SC 29164
      View Details
    • $310,000
      21.00 Acres

      Picturesque Land Ideal for Farming

      21+ acres perfect for farming, horses, or farm animals.
      Cedar Creek Rd, Wagener, SC 29164
      View Details
    • $2,600,000
      260.00 Acres

      260 Acres of Farmland

      260-acre South Carolina farmland near Wagener, suitable for various uses.
      Browns Pond Rd, Wagener, SC 29164
      View Details
    • $160,000
      16.00 Acres

      Aiken County Land Parcel

      16-acre land parcel in Aiken County's 302 Horse Country.
      Bluffwood Rd, Wagener, SC 29164
      View Details

    Similar Nearby for Lease

    • $1,695 /Mo
      1,375 SF

      Downtown Wagener Commercial Space Available

      Premier commercial space in downtown Wagener, move-in ready and versatile.
      108 Park St NW, Wagener, SC 29164
      View Details
    • $1,495 /Mo
      1,375 SF

      Wagener Loft Space For Rent

      Versatile loft in downtown Wagener, suitable for residential or commercial.
      108 Park St NW, Wagener, SC 29164
      View Details
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    394 Wagon Train Trl
    Wagener, SC 29164
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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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