Medical Office
For Sale
$1,295,000
1250 John B White Sr Boulevard, Spartanburg, SC 29306
Medical office space offered for sale in Spartanburg.
Property Size6,875 SF
Price / SF$188.36
Days on Market114
Property Features for 1250 John B White Sr Boulevard
General Information
Standard status
Active
Size
6,875 SF
Property subtype
Healthcare
Listing Agency:
CBRE | Greenville
Listed By:
Charles Gouch · License #44068
(864) 242-6169
Source:
Cbre
Added: Jun 23
Changed: Oct 10
Last Checked: Oct 12 at 6:49PM
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 CBRE | Greenville
Investment Insights
Based on property information with market context.
This 6,875-square-foot property is identified as medical office space and is offered for sale. The asset is located at 1250 John B White Sr Boulevard in Spartanburg, South Carolina 29306.
Key Highlights
- 6,875‑square‑foot medical office property
- Located at 1250 John B White Sr Boulevard
- Spartanburg, SC 29306 address
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,282
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,165,640
$2.2M
Cap Rate 7%
$1,546,886
$1.5M
Cap Rate 9%
$1,203,133
$1.2M
Market Conditions
NOI Build-Up for 6,875 SF
Gross rent
$211.2K $30.72/SF
− Vacancy
−$30.7K −$4.47/SF
EGI
$180.5K $26.25/SF
− OpEx
−$72.2K −$10.50/SF
NOI
$108.3K $15.75/SF
Area
Spartanburg County, SC
Vacancy
14.55%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,165,640
Cap Rate 7%
$1,546,886
Cap Rate 9%
$1,203,133
Alternative Uses
Best Use
Healthcare Medical
$1.55M
$1.35M – $1.80M
NOI $108,282 @ 7.0% cap · market cap 8.36%
Second Best
Office B
$1.52M
$1.33M – $1.77M
NOI $106,273 @ 7.0% cap · market cap 8.21%
Theoretical Best
Warehouse
$5.34M
$4.67M – $6.23M
NOI $373,605 @ 7.0% cap · market cap 28.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29306, SC
16,822
Population
7,618
Households
2.2
Avg Household Size
36
Median Age
21%
College-Educated
83%
High-School Grad
19.5 sq mi
ZIP Area
863
Density / Sq Mi
$38,858
Median Household Income
$30,629
Median Earnings
$913
Median Rent
$159,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Reidville Road Animal Hospital — 1423 John B White Sr Blvd, Spartanburg, SC 29306
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space offered for sale in Spartanburg.
Where is this medical office space located?
The property is located at 1250 John B White Sr Boulevard Spartanburg, SC.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 6,875‑square‑foot medical office property; Located at 1250 John B White Sr Boulevard; Spartanburg, SC 29306 address
