Retail Space with Mobile
170 S Blackstock Road Spartanburg, SC 29301
For Sale
$200,000
Investment property featuring retail space and a mobile home.
Property Size1,800 SF
Lot Size0.71 Acres
Price / SF$111.11
Days on Market760
Property Features for 170 S Blackstock Road
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.71 Acres
Property subtype
Commercial/Industrial
Listing Agency:
Bluefield Realty Group
(864) 345-3635
Listed By:
Kimberley Humphries · License #120398
(864) 345-3635
Source:
Exitrealty
Added: Jun 29, 2024
Changed: Jul 6
Last Checked: Jul 23 at 7:20AM
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 Bluefield Realty Group
Investment Insights
Based on property information with market context.
This property, located just outside Spartanburg City Limits, presents an investment opportunity. It includes a retail space currently operating as a beauty salon, and a tenant-occupied doublewide mobile home. The property is being sold as-is with existing tenants.
Key Highlights
- Investment opportunity with tenants in place
- Beauty salon in operation
- Doublewide mobile home on property
Financial Insights For Apartment 5plus
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 | $28.5k | $15.84 |
| − Vacancy | −$1.6k | −$0.87 |
| EGI | $26.9k | $14.97 |
| − OpEx | −$12.1k | −$6.74 |
| NOI | $14.8k | $8.23 |
1,800 SF · lease $15.84/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Retail
$295.8K
$258.8K – $345.1K
NOI $20,707 @ 7.0% cap · market cap 10.35%
Second Best
Apartment 5plus
$211.7K
$185.2K – $247.0K
NOI $14,819 @ 7.0% cap · market cap 7.41%
Theoretical Best
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,817 @ 7.0% cap · market cap 48.91%
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?
Retail space - Investment property featuring retail space and a mobile home.
Where is this retail space located?
The property is located at 170 S Blackstock Road Spartanburg, SC.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Investment opportunity with tenants in place; Beauty salon in operation; Doublewide mobile home on property
