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
APN
6-12-13-038.00
Lot size
0.53 Acres
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Flooring type
Wood, Concrete
Building materials
Block, Brick
Roof type
Composition
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Rick Angell · License #90911
(864) 414-5188
Added: Jul 16
Last Checked: Jul 30 at 5:06AM
MLS# 1597843
Copyright © 2026 Greater Greenville 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.
Investment Insights
Based on property information with market context.
This versatile commercial property includes a main level with a large vestibule and a large open room currently used as a meeting space. A finished basement adds substantial storage along with a commercial kitchen, supporting flexible day-to-day operations within the building.
Situated on a half-acre lot, the property offers ample parking and easy access just off Exit 1 of I-85 Business Loop, with exposure to passing traffic. The listing is classified as Commercial zoning.
With both an open main level and a finished, utility-focused basement, the building is suited for users who want on-site storage and a dedicated commercial kitchen alongside an adaptable work or meeting area.
Situated on a half-acre lot, the property offers ample parking and easy access just off Exit 1 of I-85 Business Loop, with exposure to passing traffic. The listing is classified as Commercial zoning.
With both an open main level and a finished, utility-focused basement, the building is suited for users who want on-site storage and a dedicated commercial kitchen alongside an adaptable work or meeting area.
Key Highlights
- Approximately 1,879 sq ft commercial building with a finished basement
- On a half‑acre lot with ample parking room
- Main level includes a large vestibule and large open meeting space
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 building - Versatile office building with a finished basement and commercial kitchen on a half-acre lot with parking space.
Where is this office building 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 with ample parking room; Main level includes a large vestibule and large open meeting space
