Spartanburg Office Building For
For Sale
$1,810,000
130 Dillon Drive, Spartanburg, SC 29307
7,200 SF office building near Spartanburg Medical District.
Property Size7,200 SF
Price / SF$251.39
Days on Market251
Property Features for 130 Dillon Drive
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Office
Listing Agency:
Lee & Associates | Greenville/Spartanburg
(864) 337-1543
Listed By:
Darath Mackie, CCIM · License #SC #97485
(864) 337-1543
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Jul 6
Last Checked: Aug 4 at 4:23AM
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 Lee & Associates | Greenville/Spartanburg
Investment Insights
Based on property information with market context.
This 7,200 SF office building is located at 130 Dillon Drive in Spartanburg, SC. The property benefits from a prime location in Spartanburg, with excellent visibility and close proximity to the Spartanburg Medical District and other healthcare providers. The available space is approximately 4,015 SF, while approximately 3,185 SF is leased to Ortho Sport & Spine Physicians. This multi-tenant building presents an investment opportunity and is ideal for primary care or specialty practices. The property is also located close to pharmacies, labs, and referral partners.
Key Highlights
- Prime location in Spartanburg, SC with excellent visibility.
- Investment opportunity with a multi‑tenant building.
- ±4,015 SF available**, with ±3,185 SF already leased to Ortho Sport & Spine Physicians.
Financial Insights For Healthcare Medical
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 | $221.2k | $30.72 |
| − Vacancy | −$32.2k | −$4.47 |
| EGI | $189.0k | $26.25 |
| − OpEx | −$75.6k | −$10.50 |
| NOI | $113.4k | $15.75 |
7,200 SF · lease $30.72/SF/yr · vacancy 14.55% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.62M
$1.42M – $1.89M
NOI $113,401 @ 7.0% cap · market cap 6.27%
Second Best
Office B
$1.59M
$1.39M – $1.85M
NOI $111,297 @ 7.0% cap · market cap 6.15%
Theoretical Best
Warehouse
$5.59M
$4.89M – $6.52M
NOI $391,266 @ 7.0% cap · market cap 21.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29307, SC
19,034
Population
8,946
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
86%
High-School Grad
44.7 sq mi
ZIP Area
426
Density / Sq Mi
$61,330
Median Household Income
$39,543
Median Earnings
$1,043
Median Rent
$207,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 7,200 SF office building near Spartanburg Medical District.
Where is this medical office space located?
The property is located at 130 Dillon Drive Spartanburg, SC.
What is the asking price?
The asking price for this property is $1,810,000.
What are key features of this property?
This property features: Prime location in Spartanburg, SC with excellent visibility.; Investment opportunity with a multi‑tenant building.; ±4,015 SF available**, with ±3,185 SF already leased to Ortho Sport & Spine Physicians.
