Office Building with Commercial
850 Falling Creek Road Spartanburg, SC 29301
For Sale
$400,000
COMMERCIAL - Spartanburg, SC
Property Size1,879 SF
Lot Size0.53 Acres
Price / SF$212.88
Days on Market15
Property Features for 850 Falling Creek Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
Size
1,879 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Heating system
Heat Pump (Heating)
Water source
Public
Building Details
Flooring type
Concrete, Wood
Listing Agency:
Real Broker, LLC
(731) 561-3650
Listed By:
Rick Angell · License #90911
(864) 414-5188
Added: Jul 16
Changed: Jul 24
Last Checked: Jul 30 at 5:06AM
MLS# 339491
Copyright © 2026 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property offers approximately 1,879 square feet with a finished basement and ample room for parking on a 0.53-acre lot. The main level includes a large vestibule and a large open room currently used as a meeting space. The finished basement provides excellent storage along with a commercial kitchen.
The property is located just off Exit 1 of I-85 Business Loop, providing easy access and superior exposure.
With flexible indoor space across the main level and finished basement, the layout supports a variety of commercial uses where office space and kitchen capabilities are both needed.
The property is located just off Exit 1 of I-85 Business Loop, providing easy access and superior exposure.
With flexible indoor space across the main level and finished basement, the layout supports a variety of commercial uses where office space and kitchen capabilities are both needed.
Key Highlights
- Approximately 1,879 sq ft commercial building with a finished basement on a half‑acre lot
- Main level includes a large vestibule and a large open room used as a meeting space
- Finished basement provides storage and includes a commercial kitchen
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.3k | $24.12 |
| − Vacancy | −$6.6k | −$3.51 |
| EGI | $38.7k | $20.61 |
| − OpEx | −$9.7k | −$5.15 |
| NOI | $29.0k | $15.46 |
1,879 SF · lease $24.12/SF/yr · vacancy 14.55% · expense 25.00%
Alternative Uses
Best Use
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,090 @ 7.0% cap · market cap 21.02%
Second Best
Specialty Retail
$528.5K
$462.4K – $616.6K
NOI $36,993 @ 7.0% cap · market cap 9.25%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,110 @ 7.0% cap · market cap 25.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Versatile office building includes a finished basement with commercial kitchen and ample on-site parking.
Where is this office units located?
The property is located at 850 Falling Creek Road Spartanburg, SC.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Approximately 1,879 sq ft commercial building with a finished basement on a half‑acre lot; Main level includes a large vestibule and a large open room used as a meeting space; Finished basement provides storage and includes a commercial kitchen
